Funding you earn now, next payment 01:00 UTC−0.0487%/8h= −53.4% APRnext payment −$0.61 per $10,000 · paid last 24h +0.006%
Price spread now: Nado against Deribit−0.143%7-day average — · 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−$55as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Nado is 0.143% cheaper against Deribit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004973 | 0.0958 | pay 0.0120% / 1h | 26m 42s | $68K | $110K | 25x |
| Short | Nado kPEPE-PERP | 0.000004966 | 0.0471 | get 0.0059% / 1h | 26m 42s | $191K | $857K | 10x |
Deribit 1000PEPE_USDC-PERPETUAL
Nado kPEPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- −$102.36
- Price spread: −0.143% → 0.000%
- −$14.33
- Slippage, 4 orders
- −$26.95
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$157.64
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 12 min ago; Nado: live order book, 47 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 Deribit live order book, 12 min ago | 6.11 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 47 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 | 0.000004970 | −0.057% | $3.9M | $14.1M | 50x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000004976 | +0.054% | $18K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000004968 | −0.099% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004983 | +0.201% | $58K | $119K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004979 | +0.113% | $92.5M | $304.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004975 | +0.040% | $157.8M | $66.8M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004979 | +0.125% | $25.2M | $56.2M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004981 | +0.169% | $43.4M | $152.8M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004960 | −0.267% | $585K | $4.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004970 | −0.059% | $52K | $377K | 20x | as long as short |
Kraken Futures PF_PEPEUSD
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
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 | 0.000004978 | +0.090% | $2K | $2.4M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004969 | −0.080% | $2K | $12K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004973 | −0.002% | $558K | $3.5M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004961 | −0.231% | $2.4M | $6.6M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0181% | 8h | 0.000004983 | +0.201% | $43.8M | $530.9M | 50x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004961 | −0.236% | $7K | — | 15x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0208% | 8h | 0.000004978 | +0.109% | $6K | $16 | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0287% | 8h | 0.000004972 | −0.016% | $31K | $14K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0301% | 8h | 0.000004972 | −0.020% | $4.0M | $23.6M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0348% | 1h | 0.000004968 | −0.101% | $103K | $755K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0368% | 1h | 0.000004975 | +0.040% | $675K | $27.1M | 50x | as long as short |
| Lighter 1000PEPE | +0.0376% | 1h | 0.000004984 | +0.221% | $584K | $6.7M | 10x | as long as short |
| Nado kPEPE-PERPshort | +0.0471% | 1h | 0.000004966 | −0.143% | $191K | $857K | 10x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0479% / S −0.0383% | 1h | 0.000004000 | −19.566% | $62K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0480% | 1h | 0.000004954 | −0.382% | $1K | $2K | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0483% | 8h | 0.000004981 | +0.169% | — | $2.3M | — | as long as short |
| Extended 1000PEPE-USD | +0.0488% | 1h | 0.000004976 | +0.063% | $546K | $148K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0488% | 1h | 0.000004966 | −0.141% | $140K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0489% | 8h | 0.000004982 | +0.185% | $98.6M | $285.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0489% | 8h | 0.000004983 | +0.209% | $138.9M | $1.10B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0518% | 8h | 0.000004979 | +0.127% | $1.5M | $7.5M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0557% | 1h | 0.000004972 | −0.030% | $94K | $601K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0636% | 1h | 0.000004937 | −0.724% | $4K | $102K | 12x | as long as short |
| Hyperliquid kPEPE | +0.0775% | 1h | 0.000004992 | +0.382% | $59.3M | $120.0M | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALlong | +0.0958% | 1h | 0.000004973 | long leg | $68K | $110K | 25x |
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
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
Lighter 1000PEPE
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
BingX 1000PEPE-USDC
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
Hyperliquid kPEPE