Funding you earn now, next payment 02:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h +0.087%
Price spread now: Kraken Futures against Nado−0.079%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 3 days (all we have)+0.085%+$8 on $10k
+Price spread, last 3 days (all we have)+0.142%+$14 · spread now −0.079%, 7d avg −0.005%
=Together, before fees+0.227%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.073% cheaper against Nado than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.085%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kPEPE-PERP | 0.000004982 | 0.0890 | pay 0.0111% / 1h | 57m 59s | $180K | $871K | 10x |
| Short | Kraken Futures PF_PEPEUSD | 0.000004978 | 0.0837 | get 0.0105% / 1h | 57m 59s | $3.9M | $14.3M | 50x |
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$11.15
- Price spread: −0.079% → −0.005%
- −$7.33
- Slippage, 4 orders
- −$56.39
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$91.88
- Costs to cover
- 0.734%
- Break-even
- never at this rate
Slippage from Nado: live order book, 10 min ago; Kraken Futures: live order book, 1 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, 10 min ago | 1.97 bp | 13.6 bp −$14 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 11.77 bp | 20.8 bp −$21 | 25.3 bp −$253 | 87.3 bp −$8,731 | 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 | 0.000004952 | −0.612% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004971 | −0.219% | $3K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004965 | −0.344% | $58K | $122K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004988 | +0.120% | $95.5M | $313.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004977 | −0.103% | $159.8M | $68.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004977 | −0.107% | $24.9M | $58.4M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004993 | +0.212% | $44.4M | $157.0M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004975 | −0.150% | $544K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005028 | +0.913% | $46K | $387K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004981 | −0.017% | $1K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
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 | 0.000004976 | −0.115% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004983 | +0.024% | $2.4M | $6.8M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0154% | 1h | 0.000005019 | +0.740% | $110K | $751K | 25x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004981 | −0.017% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0194% | 8h | 0.000004993 | +0.218% | $43.9M | $547.4M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0253% | 1h | 0.000004979 | −0.063% | $2K | $12K | 10x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0270% | 8h | 0.000004978 | −0.085% | $32K | $22K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0310% | 8h | 0.000004989 | +0.138% | $4.2M | $24.3M | 75x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0327% | 8h | 0.000004967 | −0.294% | $6K | $16 | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0424% | 1h | 0.000004992 | +0.198% | $644K | $28.1M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0452% | 8h | 0.000004985 | +0.048% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0464% | 1h | 0.000004994 | +0.237% | $546K | $199K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0464% | 1h | 0.000004979 | −0.063% | $141K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0465% | 8h | 0.000004988 | +0.126% | $95.1M | $286.4M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0467% | 8h | 0.000004990 | +0.156% | $137.3M | $1.14B | 75x | as long as short |
| Lighter 1000PEPE | +0.0488% | 1h | 0.000004991 | +0.178% | $644K | $6.8M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0501% / S −0.0407% | 1h | 0.000004000 | −19.713% | $62K | — | 100x | as long as short |
| Aster 1000PEPEUSDT | +0.0529% | 8h | 0.000004978 | −0.077% | $1.7M | $7.8M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0555% | 1h | 0.000004976 | −0.123% | $60K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0779% | 1h | 0.000004986 | +0.078% | $99K | $610K | 15x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.0837% | 1h | 0.000004978 | −0.079% | $3.9M | $14.3M | 50x | |
| Nado kPEPE-PERPlong | +0.0890% | 1h | 0.000004982 | long leg | $180K | $871K | 10x | |
| 01 Exchange kPEPEUSD | +0.0904% | 1h | 0.000004985 | +0.058% | $1K | $2K | 10x | as long as short |
| Injective PEPE/USDC PERP | +0.0909% | 1h | 0.000004996 | +0.278% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.2926% | 1h | 0.000004999 | +0.339% | $55.3M | $133.8M | 10x | as long as short |
HTX PEPE-USDT
Phemex u1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Paradex kPEPE-USD-PERP
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
Aster 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Injective PEPE/USDC PERP
Hyperliquid kPEPE