Funding you earn now, next payment 05:00 UTC−0.0766%/8h= −83.9% APRnext payment −$0.96 per $10,000 · paid last 24h +0.019%
Price spread now: Injective against Nado+1.118%49s7-day average +0.547% · 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—prices read too far apart to compare
costs, in and out, $10k−$1111.107% of the position
Funding, last 3 days (all we have)−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)−1.262%−$126 · spread now +1.118%, 7d avg +0.547%
=Together, before fees−1.341%+ Points / potential airdropNado: Active · farm board−$134 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.571% dearer against Nado than usual: you sell high and buy low (spread +1.118% now, against its 7-day average of +0.547%): +$57 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 3 days (−0.079% in total) that is about 24 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.079% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kPEPE-PERP | 0.000005321 | 0.0858 | pay 0.0107% / 1h | 46m 08s | $190K | $914K | 10x |
| Short | Injective PEPE/USDC PERP | 0.000005381 | 0.0092 | get 0.0011% / 1h | 46m 08s | $3K | $111K | 12x |
Nado kPEPE-PERP
Injective PEPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$160.93
- Price spread: +1.118% → +0.547%
- $57.09
- Slippage, 4 orders
- −$103.73
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$214.58
- Costs to cover
- 1.107%
- Break-even
- never at this rate
Slippage from Nado: live order book, 7 min ago; Injective: live order book, 7 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, 7 min ago | 3.76 bp | 14.0 bp −$14 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Injective live order book, 7 min ago | 17.87 bp | 17.9 bp −$18 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005316 | −0.111% | $20K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005313 | −0.163% | $15K | — | 150x | as long as short |
| Injective PEPE/USDC PERPshort | +0.0092% | 1h | 0.000005381 | +1.118% | $3K | $111K | 12x | |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005320 | −0.028% | $69K | $153K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005313 | −0.163% | $104.4M | $371.4M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005312 | −0.179% | $175.9M | $86.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005324 | +0.039% | $26.9M | $67.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005314 | −0.149% | $761K | $5.1M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005322 | +0.014% | $43K | $498K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005321 | −0.009% | $2K | $2.5M | 20x | as long as short |
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 | 0.000005324 | +0.056% | $610K | $3.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005323 | +0.033% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0262% | 8h | 0.000005319 | −0.038% | $51.9M | $186.5M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0379% | 8h | 0.000005317 | −0.086% | $36K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0422% | 8h | 0.000005319 | −0.047% | $52.3M | $674.8M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0542% | 8h | 0.000005333 | +0.216% | $4.5M | $28.2M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0617% | 8h | 0.000005320 | −0.036% | $2.6M | $7.5M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0688% | 1h | 0.000005324 | +0.047% | $2K | $10K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0691% | 1h | 0.000005317 | −0.085% | $75K | $126K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005322 | +0.009% | $714K | $36.2M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0754% | 8h | 0.000005317 | −0.092% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0800% | 1h | 0.000005323 | +0.028% | $150K | — | 3x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0800% | 8h | 0.000005311 | −0.206% | $6K | — | 20x | as long as short |
| MEXC PEPE_USDT | +0.0807% | 8h | 0.000005320 | −0.034% | $103.7M | $292.7M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0807% | 8h | 0.000005323 | +0.024% | $154.1M | $1.31B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0808% | 1h | 0.000005322 | +0.018% | $563K | $226K | 25x | as long as short |
| Nado kPEPE-PERPlong | +0.0858% | 1h | 0.000005321 | long leg | $190K | $914K | 10x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0894% / S −0.1749% | 1h | 0.000005000 | −6.042% | $65K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0940% | 8h | 0.000005322 | +0.013% | $1.9M | $9.9M | 50x | as long as short |
| Lighter 1000PEPE | +0.1224% | 1h | 0.000005327 | +0.103% | $688K | $8.6M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.1248% | 1h | 0.000005328 | +0.122% | $643 | $3K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.1270% | 1h | 0.000005320 | −0.028% | $175K | $798K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1367% | 1h | 0.000005320 | −0.023% | $72K | $722K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1535% | 1h | 0.000005319 | −0.054% | $4.9M | $16.3M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1772% | 1h | 0.000005326 | +0.085% | $58.4M | $144.4M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Paradex kPEPE-USD-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Lighter 1000PEPE
01 Exchange kPEPEUSD
ApeX Omni 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE