Funding you earn now, next payment 08:00 UTC+0.0608%/8h= +66.6% APRpaid last 24h +0.104%
Price spread now: Nado against Variational Omni−0.142%57s7-day average +0.093% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.165%+$17 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.142%, 7d avg +0.093%
=Together, before fees+0.083%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.235% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of +0.093%). If the spread goes back, that is −$23 on $10k: about 31 hours of funding at the current rate (+$18 a day). At the pace of the last 4 days (+0.165% in total) that is about 5.0 days. The two prices were read 57 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 4 days it paid 0.165% in total (about 17.1% a year). A funding rate is set anew for every payment. 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 | Variational Omni 1000PEPE | 0.000005163 | 0.0100 | pay 0.0100% / 8h | 17m 39s | $615K | $5.4M | — |
| Short | Nado kPEPE-PERP | 0.000005155 | 0.0708 | get 0.0089% / 1h | 17m 39s | $166K | $958K | 10x |
Variational Omni 1000PEPE
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Variational Omni. 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
- $127.75
- Price spread: −0.142% → +0.093%
- −$23.49
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $97.25
- Costs to cover
- 0.070%
- Break-even
- 1.7 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Nado: live order book, 21 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 Variational Omni RFQ quote, 1 min ago | 4.84 bp | doesn't fit | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Nado live order book, 21 min ago | 2.91 bp | 11.9 bp −$12 | 27.9 bp −$279 | 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 | 0.000005160 | −0.058% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005152 | −0.209% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005161 | −0.031% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005160 | −0.050% | $99.5M | $430.1M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005158 | −0.089% | $163.4M | $99.5M | 75x | as long as short |
| Variational Omni 1000PEPElong | +0.0100% | 8h | 0.000005163 | long leg | $615K | $5.4M | — | |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005175 | +0.238% | $28K | $547K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005162 | −0.015% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005172 | +0.190% | $603K | $4.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0125% | 8h | 0.000005163 | +0.002% | $27.0M | $74.1M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
KuCoin PEPEUSDTMShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX 1000PEPE-USD | +0.0144% | 1h | 0.000005157 | −0.108% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005158 | −0.085% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0254% | 8h | 0.000005161 | −0.021% | $46.4M | $220.1M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0312% | 1h | 0.000005181 | +0.356% | $151K | $834K | 25x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0332% | 1h | 0.000005156 | −0.128% | $74K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0368% | 8h | 0.000005161 | −0.031% | $47.8M | $748.7M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005160 | −0.050% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0414% | 8h | 0.000005159 | −0.068% | $34K | $26K | 20x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0464% | 8h | 0.000005159 | −0.066% | $6K | — | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0467% | 8h | 0.000005152 | −0.201% | $2.4M | $8.1M | 50x | as long as short |
| BloFin PEPE-USDT | +0.0484% | 8h | 0.000005167 | +0.085% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0524% | 1h | 0.000005153 | −0.184% | $79K | $889K | 15x | as long as short |
| Lighter 1000PEPE | +0.0544% | 1h | 0.000005162 | −0.012% | $619K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0544% | 1h | 0.000005148 | −0.283% | $685K | $39.7M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0686% | 8h | 0.000005160 | −0.041% | — | $175.0M | — | as long as short |
| Nado kPEPE-PERPshort | +0.0708% | 1h | 0.000005155 | −0.142% | $166K | $958K | 10x | |
| Kraken Futures PF_PEPEUSD | +0.0712% | 1h | 0.000005154 | −0.160% | $4.8M | $16.7M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0712% | 1h | 0.000005162 | −0.012% | $623 | $2K | 10x | as long as short |
| Extended 1000PEPE-USD | +0.0720% | 1h | 0.000005158 | −0.081% | $542K | $282K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0720% | 1h | 0.000005158 | −0.089% | $146K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0721% | 8h | 0.000005163 | −0.002% | $142.4M | $1.50B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0721% | 8h | 0.000005164 | +0.027% | $101.3M | $308.4M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0723% | 8h | 0.000005161 | −0.038% | $1.7M | $11.9M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0936% | 1h | 0.000005163 | +0.008% | $53.8M | $159.2M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.150% | $50K | — | 100x | as long as short |
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Paradex kPEPE-USD-PERP
Phemex u1000PEPEUSDT
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
01 Exchange kPEPEUSD
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]