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: Nado against Pacifica−0.512%50s7-day average −0.008% · 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—prices read too far apart to compare
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)+0.557%+$56 · spread now −0.512%, 7d avg −0.008%
=Together, before fees+0.614%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.504% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.512% now, against its 7-day average of −0.008%). If the spread goes back, that is −$50 on $10k: about 4.5 days of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.057% in total) that is about 28 days. The two prices were read 50 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 0.057% 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 | Pacifica kPEPE | 0.000004944 | 0.0100 | pay 0.0013% / 1h | 27m 43s | $58K | $119K | 10x |
| Short | Nado kPEPE-PERP | 0.000004919 | 0.0472 | get 0.0059% / 1h | 27m 43s | $190K | $857K | 10x |
Pacifica kPEPE
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Pacifica. 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: −0.512% → −0.008%
- −$50.45
- Slippage, 4 orders
- −$31.18
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$18.44
- Costs to cover
- 0.462%
- Break-even
- 8.7 days
Slippage from Pacifica: live order book, 45 min ago; Nado: live order book, 46 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 Pacifica live order book, 45 min ago | 7.41 bp | 11.4 bp −$11 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Nado live order book, 46 min ago | 3.17 bp | 10.5 bp −$10 | 27.2 bp −$272 | 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 | −0.118% | $3.9M | $14.0M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004940 | −0.081% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004926 | −0.362% | $15K | — | 150x | as long as short |
| Pacifica kPEPElong | +0.0100% | 1h | 0.000004944 | long leg | $58K | $119K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004937 | −0.144% | $91.6M | $304.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004942 | −0.040% | $157.0M | $66.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004944 | 0.000% | $25.0M | $56.1M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004942 | −0.030% | $43.0M | $152.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004960 | +0.318% | $585K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004971 | +0.551% | $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 | −0.138% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004937 | −0.142% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004968 | +0.483% | $557K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004932 | −0.241% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0181% | 8h | 0.000004941 | −0.061% | $43.4M | $526.1M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004920 | −0.490% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0205% | 8h | 0.000004943 | −0.027% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0287% | 8h | 0.000004936 | −0.154% | $30K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0302% | 8h | 0.000004974 | +0.607% | $4.0M | $23.6M | 75x | as long as short |
| Lighter 1000PEPE | +0.0368% | 1h | 0.000004946 | +0.040% | $580K | $6.7M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004945 | +0.020% | $661K | $26.9M | 50x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0440% | 1h | 0.000004944 | 0.000% | $102K | $754K | 25x | as long as short |
| Nado kPEPE-PERPshort | +0.0472% | 1h | 0.000004919 | −0.512% | $190K | $857K | 10x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0477% / S −0.0379% | 1h | 0.000004000 | −19.094% | $61K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000004954 | +0.202% | $1K | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0483% | 8h | 0.000004943 | −0.026% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000004940 | −0.081% | $140K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0489% | 8h | 0.000004946 | +0.039% | $137.9M | $1.10B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0494% | 8h | 0.000004942 | −0.036% | $97.3M | $285.1M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0496% | 1h | 0.000004942 | −0.036% | $543K | $148K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0518% | 8h | 0.000004948 | +0.075% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0554% | 1h | 0.000004940 | −0.081% | $94K | $601K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0561% | 1h | 0.000004938 | −0.121% | $67K | $110K | 25x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004983 | +0.789% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.0699% | 1h | 0.000004956 | +0.243% | $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
MEXC PEPE_USDT
Extended 1000PEPE-USD
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Injective PEPE/USDC PERP
Hyperliquid kPEPE