Funding you earn now, next payment 01:00 UTC−0.0372%/8h= −40.8% APRnext payment −$0.47 per $10,000 · paid last 24h −0.047%
Price spread now: Pacifica against Nado+0.962%7-day average +0.008% · 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+$49as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 3 days (all we have)−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)−1.007%−$101 · spread now +0.962%, 7d avg +0.008%
=Together, before fees−1.064%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$106 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.954% dearer against Nado than usual: you sell high and buy low (spread +0.962% now, against its 7-day average of +0.008%): +$95 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 3 days (−0.057% in total) that is about 54 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.057% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 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 | 0.000004919 | 0.0472 | pay 0.0059% / 1h | 27m 52s | $190K | $857K | 10x |
| Short | Pacifica kPEPE | 0.000004966 | 0.0100 | get 0.0013% / 1h | 27m 52s | $58K | $119K | 10x |
Nado kPEPE-PERP
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$78.19
- Price spread: +0.962% → +0.008%
- $95.44
- Slippage, 4 orders
- −$31.18
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$28.94
- Costs to cover
- 0.462%
- Break-even
- from the start
Slippage from Nado: live order book, 45 min ago; Pacifica: live order book, 45 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, 45 min ago | 3.17 bp | 11.2 bp −$11 | 28.8 bp −$288 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 45 min ago | 7.41 bp | 13.0 bp −$13 | 21.4 bp −$214 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEPEUSD | −0.0118% | 1h | 0.000004938 | +0.397% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004964 | +0.922% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004926 | +0.151% | $15K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000004966 | +0.962% | $58K | $119K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004940 | +0.436% | $91.6M | $303.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004941 | +0.454% | $157.2M | $66.7M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004942 | +0.480% | $25.1M | $56.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004943 | +0.503% | $43.0M | $152.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004960 | +0.835% | $585K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004971 | +1.069% | $52K | $379K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDCShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004937 | +0.377% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004937 | +0.373% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004968 | +1.001% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004932 | +0.273% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0181% | 8h | 0.000004946 | +0.556% | $43.4M | $526.8M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004920 | +0.022% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0206% | 8h | 0.000004964 | +0.913% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0287% | 8h | 0.000004936 | +0.360% | $30K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0302% | 8h | 0.000004974 | +1.125% | $4.0M | $23.6M | 75x | as long as short |
| Lighter 1000PEPE | +0.0368% | 1h | 0.000004945 | +0.535% | $579K | $6.7M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004945 | +0.535% | $661K | $26.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0440% | 1h | 0.000004944 | +0.515% | $102K | $754K | 25x | as long as short |
| Nado kPEPE-PERPlong | +0.0472% | 1h | 0.000004919 | long leg | $190K | $857K | 10x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0477% / S −0.0379% | 1h | 0.000004000 | −18.677% | $61K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000004926 | +0.149% | $1K | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0483% | 8h | 0.000004943 | +0.486% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000004940 | +0.434% | $140K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0494% | 8h | 0.000004943 | +0.491% | $137.8M | $1.10B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0496% | 1h | 0.000004942 | +0.470% | $543K | $148K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0497% | 8h | 0.000004943 | +0.486% | $97.2M | $285.1M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0527% | 8h | 0.000004947 | +0.568% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0554% | 1h | 0.000004940 | +0.434% | $94K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0561% | 1h | 0.000004938 | +0.393% | $67K | $110K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004983 | +1.308% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.0699% | 1h | 0.000004956 | +0.759% | $59.1M | $119.6M | 10x | as long as short |
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
OKX PEPE-USDT-SWAP
Reya kPEPERUSDPERP
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
ApeX Omni 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Injective PEPE/USDC PERP
Hyperliquid kPEPE