Funding you earn now, next payment 07:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h −0.002%
Price spread now: Deribit against Nado+0.094%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 3 days (all we have)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.094%, 7d avg −0.018%
=Together, before fees−0.056%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.112% dearer against Nado than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.018%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kPEPE-PERP | 0.000005096 | 0.0757 | pay 0.0095% / 1h | 20m 37s | $164K | $959K | 10x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000005101 | 0.0731 | get 0.0091% / 1h | 20m 37s | $73K | $127K | 25x |
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.38
- Price spread: +0.094% → −0.018%
- $11.19
- Slippage, 4 orders
- −$69.14
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$77.33
- Costs to cover
- 0.831%
- Break-even
- never at this rate
Slippage from Nado: live order book, 23 min ago; Deribit: live order book, 53 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Nado live order book, 23 min ago | 2.90 bp | 11.6 bp −$12 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 53 min ago | 27.35 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
PEPE on 35 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005104 | +0.153% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005092 | −0.080% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005093 | −0.067% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005103 | +0.133% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005106 | +0.188% | $99.5M | $419.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005105 | +0.173% | $162.6M | $97.4M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005112 | +0.310% | $26.0M | $72.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005098 | +0.028% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005087 | −0.187% | $28K | $542K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005106 | +0.188% | $2K | $2.7M | 20x | as long as short |
Injective PEPE/USDC PERP
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005096 | +0.004% | $591K | $4.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005102 | +0.109% | $8K | — | 15x | as long as short |
| SoDEX 1000PEPE-USD | +0.0193% | 1h | 0.000005103 | +0.133% | $2K | $11K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0253% | 1h | 0.000005083 | −0.259% | $154K | $824K | 25x | as long as short |
| Bitget PEPEUSDT | +0.0286% | 8h | 0.000005112 | +0.302% | $45.7M | $215.8M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0394% | 8h | 0.000005098 | +0.027% | $34K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0399% | 8h | 0.000005109 | +0.251% | $47.1M | $726.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0427% | 1h | 0.000005102 | +0.110% | $74K | $860K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0458% | 1h | 0.000005099 | +0.055% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0510% | 8h | 0.000005101 | +0.085% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0522% | 8h | 0.000005104 | +0.153% | $4.5M | $29.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0566% | 8h | 0.000005100 | +0.069% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005096 | −0.004% | $680K | $38.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0672% | 1h | 0.000005106 | +0.192% | $608K | $9.1M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005121 | +0.487% | $618 | $3K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0727% | 8h | 0.000005103 | +0.128% | — | $2.3M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0731% | 1h | 0.000005101 | +0.094% | $73K | $127K | 25x | |
| Nado kPEPE-PERPlong | +0.0757% | 1h | 0.000005096 | long leg | $164K | $959K | 10x | |
| Aster 1000PEPEUSDT | +0.0764% | 8h | 0.000005097 | +0.021% | $1.7M | $11.8M | 50x | as long as short |
| MEXC PEPE_USDT | +0.0766% | 8h | 0.000005105 | +0.165% | $98.5M | $305.4M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0768% | 1h | 0.000005110 | +0.261% | $541K | $280K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0768% | 1h | 0.000005099 | +0.055% | $144K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0770% | 8h | 0.000005104 | +0.150% | $140.4M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0942% | 1h | 0.000005105 | +0.173% | $52.8M | $156.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2257% | 1h | 0.000005000 | −1.888% | $63K | — | 100x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]