Funding you earn now, next payment 08:00 UTC−0.0261%/8h= −28.5% APRpaid last 24h −0.101%
Price spread now: Phemex against Nado+0.170%7-day average +0.022% · 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−$44as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 4 days (all we have)−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.170%, 7d avg +0.022%
=Together, before fees−0.267%+ Points / potential airdropNado: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.147% dearer against Nado than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.022%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 4 days (−0.120% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kPEPE-PERP | 0.000005122 | 0.0716 | pay 0.0090% / 1h | 3m 05s | $163K | $960K | 10x |
| Short | Phemex u1000PEPEUSDT | 0.000005131 | 0.0456 | get 0.0456% / 8h | 3m 05s | $2.4M | $8.1M | 50x |
Nado kPEPE-PERP
Phemex u1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$54.73
- Price spread: +0.170% → +0.022%
- $14.74
- Slippage, 4 orders
- −$39.78
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$98.77
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from Nado: live order book, 35 min ago; Phemex: live order book, 6 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, 35 min ago | 2.91 bp | 11.2 bp −$11 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 7.05 bp | 20.3 bp −$20 | 39.3 bp −$393 | 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 | 0.000005136 | +0.273% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005119 | −0.068% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005140 | +0.351% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005138 | +0.312% | $99.3M | $431.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005131 | +0.176% | $162.6M | $99.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005158 | +0.699% | $616K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005167 | +0.875% | $28K | $548K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005130 | +0.160% | $2K | $2.7M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000005131 | +0.176% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005132 | +0.203% | $600K | $4.2M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0135% | 8h | 0.000005142 | +0.389% | $27.0M | $74.4M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005123 | +0.012% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0241% | 8h | 0.000005140 | +0.355% | $46.3M | $221.0M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0267% | 1h | 0.000005169 | +0.918% | $150K | $835K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0351% | 8h | 0.000005139 | +0.332% | $47.2M | $748.4M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005133 | +0.215% | $8K | $121K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0418% | 8h | 0.000005132 | +0.199% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0445% | 8h | 0.000005138 | +0.315% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDTshort | +0.0456% | 8h | 0.000005131 | +0.170% | $2.4M | $8.1M | 50x | |
| BloFin PEPE-USDT | +0.0473% | 8h | 0.000005136 | +0.273% | $4.5M | $30.3M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0475% | 1h | 0.000005137 | +0.291% | $78K | $892K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0530% | 1h | 0.000005132 | +0.195% | $73K | $127K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005125 | +0.059% | $692K | $39.7M | 50x | as long as short |
| Lighter 1000PEPE | +0.0552% | 1h | 0.000005140 | +0.351% | $617K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0676% | 8h | 0.000005125 | +0.053% | — | $2.3M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0688% | 1h | 0.000005122 | 0.000% | $618 | $2K | 10x | as long as short |
| Binance 1000PEPEUSDT | +0.0700% | 8h | 0.000005142 | +0.384% | $141.7M | $1.50B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0704% | 1h | 0.000005132 | +0.200% | $539K | $280K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0704% | 8h | 0.000005143 | +0.420% | $100.8M | $310.2M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0704% | 1h | 0.000005136 | +0.273% | $145K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0711% | 8h | 0.000005140 | +0.350% | $1.7M | $12.0M | 50x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0715% | 1h | 0.000005131 | +0.181% | $4.8M | $16.7M | 50x | as long as short |
| Nado kPEPE-PERPlong | +0.0716% | 1h | 0.000005122 | long leg | $163K | $960K | 10x | |
| Hyperliquid kPEPE | +0.0880% | 1h | 0.000005145 | +0.449% | $53.3M | $159.5M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1020% / S −0.1217% | 1h | 0.000005000 | −2.382% | $50K | — | 100x | as long as short |
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
BingX 1000PEPE-USDC
01 Exchange kPEPEUSD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]