Settings8H · net · $10k
Funding arb · Price arb /

PEPE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.6% APRnext payment $0.11 per $10,000 · paid last 24h +0.046%
Price spread now: 01 Exchange against Nado+0.140%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
The price spread pays, funding is against you. 01 Exchange is 0.140% dearer against Nado than usual: you sell high and buy low (spread +0.140% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado kPEPE-PERP0.0000051470.0791pay 0.0099% / 1h53m 57s$165K$954K10x
Short01 Exchange kPEPEUSD0.0000051540.0704get 0.0088% / 1h53m 57s$622$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Nado. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$18.34
Price spread: +0.140% → 0.000%
$14.04
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$18.3
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Nado: live order book, 49 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 49 min ago2.90 bp11.6 bp −$1235.2 bp −$352doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PEPE-USD0.0000%1h0.000005138−0.161%$19K$64910xas long as short
gTrade (Gains Network) PEPE/USDL +0.0006% / S −0.0008%1h0.000005140−0.139%$4K150xas long as short
Pacifica kPEPE+0.0100%1h0.000005145−0.034%$60K$182K10xas long as short
Bybit 1000PEPEUSDT+0.0100%8h0.000005141−0.112%$100.2M$422.8M50xas long as short
Gate PEPE_USDT+0.0100%8h0.000005140−0.132%$163.3M$97.7M75xas long as short
Variational Omni 1000PEPE+0.0100%8h0.000005132−0.296%$608K$5.3Mas long as short
edgeX 1000PEPEUSDC+0.0100%4h0.000005162+0.295%$28K$543K20xas long as short
ApeX Omni 1000PEPEUSDT+0.0100%1h0.000005159+0.238%$150K$831K25xas long as short
SunX 1000PEPE-USDT+0.0100%8h0.000005155+0.156%$1K$2.7M20xas long as short
HTX PEPE-USDT+0.0100%8h0.000005153+0.113%$600K$4.2M75xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PEPEUSDTM+0.0112%8h0.000005146−0.011%$26.6M$72.8M75xas long as short
SoDEX 1000PEPE-USD+0.0125%1h0.000005143−0.073%$2K$11K10xas long as short
Reya kPEPERUSDPERP+0.0189%1h0.000005145−0.043%$8K15xas long as short
Bitget PEPEUSDT+0.0282%8h0.000005146−0.007%$46.2M$216.9M75xas long as short
Backpack kPEPE_USDC_PERP+0.0361%1h0.000005144−0.050%$76K$869K15xas long as short
OKX PEPE-USDT-SWAP+0.0395%8h0.000005146−0.015%$47.5M$736.5M50xas long as short
Orderly PERP_1000PEPE_USDC+0.0403%8h0.000005150+0.059%$34K$26K20xas long as short
Injective PEPE/USDC PERP+0.0404%1h0.000005162+0.296%$8K$120K12xas long as short
Paradex kPEPE-USD-PERP+0.0511%8h0.000005143−0.064%$6K20xas long as short
BloFin PEPE-USDT+0.0516%8h0.000005150+0.063%$4.4M$29.9M75xas long as short
Phemex u1000PEPEUSDT+0.0527%8h0.000005140−0.126%$2.4M$8.1M50xas long as short
Deribit 1000PEPE_USDC-PERPETUAL+0.0528%1h0.000005148+0.024%$73K$127K25xas long as short
Coinbase International 1000PEPE-PERP-INTX+0.0544%1h0.000005143−0.073%$691K$38.9M50xas long as short
01 Exchange kPEPEUSDshort+0.0704%1h0.000005154+0.140%$622$2K10x
Kraken Futures PF_PEPEUSD+0.0714%1h0.000005141−0.106%$4.7M$16.6M50xas long as short
BingX 1000PEPE-USDC+0.0720%8h0.000005143−0.077%$2.3Mas long as short
Aster 1000PEPEUSDT+0.0736%8h0.000005144−0.055%$1.7M$11.7M50xas long as short
Binance 1000PEPEUSDT+0.0749%8h0.000005144−0.047%$141.2M$1.48B75xas long as short
Extended 1000PEPE-USD+0.0752%1h0.000005144−0.056%$539K$287K25xas long as short
Aevo 1000PEPE-PERP+0.0752%1h0.000005148+0.024%$146K3xas long as short
MEXC PEPE_USDT+0.0753%8h0.000005148+0.034%$100.8M$302.8M300xas long as short
Lighter 1000PEPE+0.0768%1h0.000005148+0.024%$614K$9.0M10xas long as short
Nado kPEPE-PERPlong+0.0791%1h0.000005147long leg$165K$954K10x
Hyperliquid kPEPE+0.0902%1h0.000005150+0.063%$53.5M$156.9M10xas long as short
GMX PEPE/USD [ETH-USDC]L +0.1132% / S −0.1782%1h0.000005000−2.852%$69K100xas long as short