Funding you earn now, next payment 07:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h +0.010%
Price spread now: Nado against Coinbase International+0.108%7-day average +0.003% · 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−$38as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Funding, last 4 days (all we have)+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.108%, 7d avg +0.003%
=Together, before fees−0.061%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Nado is 0.105% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000PEPE-PERP-INTX | 0.000005163 | 0.0544 | pay 0.0068% / 1h | 11m 52s | $675K | $39.9M | 50x |
| Short | Nado kPEPE-PERP | 0.000005169 | 0.0706 | get 0.0088% / 1h | 11m 52s | $166K | $958K | 10x |
Coinbase International 1000PEPE-PERP-INTX
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. 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
- $34.01
- Price spread: +0.108% → +0.003%
- $10.47
- Slippage, 4 orders
- −$31.69
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$4.2
- Costs to cover
- 0.487%
- Break-even
- 7.9 days
Slippage from Coinbase International: live order book, 2 min ago; Nado: live order book, 26 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 Coinbase International live order book, 2 min ago | 4.85 bp | 12.1 bp −$12 | 16.4 bp −$164 | 52.3 bp −$5,226 | doesn't fit |
| Sell Nado live order book, 26 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 | 0.000005143 | −0.378% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005159 | −0.077% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005168 | +0.097% | $60K | $184K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005146 | −0.329% | $99.2M | $430.7M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005148 | −0.291% | $163.2M | $99.6M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005150 | −0.258% | $613K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005148 | −0.291% | $28K | $549K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005173 | +0.184% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005168 | +0.103% | $603K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0126% | 1h | 0.000005162 | −0.019% | $2K | $11K | 10x | 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
HTX PEPE-USDT
SoDEX 1000PEPE-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0127% | 8h | 0.000005152 | −0.207% | $26.9M | $74.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005170 | +0.140% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0248% | 8h | 0.000005148 | −0.285% | $46.3M | $220.3M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0327% | 1h | 0.000005145 | −0.349% | $149K | $834K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0361% | 8h | 0.000005151 | −0.232% | $47.7M | $748.1M | 50x | as long as short |
| Injective PEPE/USDC PERP | +0.0404% | 1h | 0.000005142 | −0.407% | $8K | $120K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0415% | 8h | 0.000005168 | +0.105% | $34K | $26K | 20x | as long as short |
| Phemex u1000PEPEUSDT | +0.0451% | 8h | 0.000005162 | −0.029% | $2.4M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0463% | 8h | 0.000005165 | +0.034% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0482% | 8h | 0.000005161 | −0.039% | $4.5M | $30.4M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0505% | 1h | 0.000005156 | −0.145% | $78K | $891K | 15x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0525% | 1h | 0.000005163 | 0.000% | $74K | $127K | 25x | as long as short |
| Lighter 1000PEPE | +0.0528% | 1h | 0.000005152 | −0.213% | $618K | $9.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTXlong | +0.0544% | 1h | 0.000005163 | long leg | $675K | $39.9M | 50x | |
| BingX 1000PEPE-USDC | +0.0686% | 8h | 0.000005146 | −0.331% | — | $2.3M | — | as long as short |
| 01 Exchange kPEPEUSD | +0.0704% | 1h | 0.000005172 | +0.174% | $624 | $2K | 10x | as long as short |
| Nado kPEPE-PERPshort | +0.0706% | 1h | 0.000005169 | +0.108% | $166K | $958K | 10x | |
| MEXC PEPE_USDT | +0.0711% | 8h | 0.000005153 | −0.194% | $101.5M | $309.1M | 300x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0711% | 1h | 0.000005158 | −0.092% | $4.8M | $16.7M | 50x | as long as short |
| Binance 1000PEPEUSDT | +0.0712% | 8h | 0.000005147 | −0.311% | $141.7M | $1.50B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0712% | 1h | 0.000005151 | −0.227% | $542K | $282K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0712% | 1h | 0.000005165 | +0.039% | $146K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0718% | 8h | 0.000005148 | −0.298% | $1.7M | $12.0M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0910% | 1h | 0.000005157 | −0.116% | $53.7M | $159.3M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1068% / S −0.1281% | 1h | 0.000005000 | −3.157% | $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
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Backpack kPEPE_USDC_PERP
Deribit 1000PEPE_USDC-PERPETUAL
Lighter 1000PEPE
BingX 1000PEPE-USDC
01 Exchange kPEPEUSD
MEXC PEPE_USDT
Kraken Futures PF_PEPEUSD
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]