PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0717%/8h= +78.5% APRnext payment +$0.90 per $10,000 · paid last 24h +0.052%

Price spread now: Nado against Reya−0.091%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.091% cheaper against Reya than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kPEPERUSDPERP	0.000005292	0.0189	pay 0.0024% / 1h	42m 23s	$8K	—	15x
Short	Nado kPEPE-PERP	0.000005287	0.0906	get 0.0113% / 1h	42m 23s	$190K	$916K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Reya. 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

Position, each leg$Hold fordaysFee ReyabpFee NadobpOrdersPrice spread, now −0.091%Rate

Funding earned: $150.6
Price spread: −0.091% → 0.000%: −$9.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $128.54
Costs to cover: 0.130%
Break-even: 1.0 days

Slippage unknown: Reya: no order-book sample; Nado: live order book, 11 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Nado live order book, 11 min ago	3.76 bp	8.6 bp −$9	32.5 bp −$325	doesn't fit	doesn't fit

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005295	+0.066%	$19K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000005291	−0.005%	$15K	—	150x	as long as short
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005327	+0.670%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005305	+0.254%	$69K	$153K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005292	+0.001%	$107.7M	$375.5M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005287	−0.086%	$174.9M	$86.6M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005289	−0.043%	$26.8M	$67.7M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005314	+0.416%	$761K	$5.1M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005342	+0.962%	$43K	$498K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005296	+0.076%	$1K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005301	+0.182%	$607K	$3.8M	75x	as long as short
Reya kPEPERUSDPERPlong	+0.0189%	1h	0.000005292	long leg	$8K	—	15x
Bitget PEPEUSDT	+0.0270%	8h	0.000005304	+0.237%	$51.7M	$188.9M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0382%	8h	0.000005302	+0.201%	$35K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0429%	8h	0.000005300	+0.159%	$52.2M	$675.3M	50x	as long as short
BloFin PEPE-USDT	+0.0556%	8h	0.000005322	+0.575%	$4.8M	$28.2M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0642%	8h	0.000005307	+0.297%	$2.6M	$7.5M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0644%	1h	0.000005303	+0.216%	$2K	$10K	10x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0694%	1h	0.000005300	+0.159%	$75K	$126K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005301	+0.178%	$735K	$36.3M	50x	as long as short
BingX 1000PEPE-USDC	+0.0764%	8h	0.000005297	+0.099%	—	$2.3M	—	as long as short
Paradex kPEPE-USD-PERP	+0.0786%	8h	0.000005299	+0.149%	$6K	—	20x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005304	+0.235%	$150K	—	3x	as long as short
MEXC PEPE_USDT	+0.0807%	8h	0.000005302	+0.207%	$103.0M	$293.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0807%	8h	0.000005296	+0.092%	$154.4M	$1.31B	75x	as long as short
Extended 1000PEPE-USD	+0.0808%	1h	0.000005302	+0.202%	$562K	$226K	25x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0904% / S −0.1776%	1h	0.000005000	−5.510%	$65K	—	100x	as long as short
Nado kPEPE-PERPshort	+0.0906%	1h	0.000005287	−0.091%	$190K	$916K	10x
Aster 1000PEPEUSDT	+0.0938%	8h	0.000005303	+0.208%	$1.9M	$10.0M	50x	as long as short
ApeX Omni 1000PEPEUSDT	+0.1032%	1h	0.000005324	+0.613%	$176K	$800K	25x	as long as short
01 Exchange kPEPEUSD	+0.1184%	1h	0.000005303	+0.216%	$640	$3K	10x	as long as short
Lighter 1000PEPE	+0.1240%	1h	0.000005308	+0.310%	$690K	$8.6M	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1331%	1h	0.000005320	+0.530%	$72K	$722K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1540%	1h	0.000005300	+0.162%	$4.9M	$16.3M	50x	as long as short
Hyperliquid kPEPE	+0.1748%	1h	0.000005298	+0.121%	$58.1M	$144.6M	10x	as long as short