Funding you earn now, next payment 07:00 UTC−0.0446%/8h= −48.9% APRnext payment −$0.56 per $10,000 · paid last 24h −0.022%
Price spread now: ApeX Omni against Nado−0.051%61s7-day average −0.006% · 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−$420.423% of the position
Funding, last 3 days (all we have)−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.051%, 7d avg −0.006%
=Together, before fees+0.008%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 0.045% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 61 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 -0.041% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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 | Nado kPEPE-PERP | 0.000005097 | 0.0756 | pay 0.0094% / 1h | 16m 16s | $164K | $959K | 10x |
| Short | ApeX Omni 1000PEPEUSDT | 0.000005094 | 0.0310 | get 0.0039% / 1h | 16m 16s | $154K | $824K | 25x |
Nado kPEPE-PERP
ApeX Omni 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Nado. 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
- −$93.71
- Price spread: −0.051% → −0.006%
- −$4.48
- Slippage, 4 orders
- −$25.29
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$140.47
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Nado: live order book, 27 min ago; ApeX Omni: live order book, 28 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 Nado live order book, 27 min ago | 2.90 bp | 11.6 bp −$12 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 28 min ago | 2.51 bp | 9.7 bp −$10 | 101.0 bp −$1,010 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | −0.0016% | 1h | 0.000005108 | +0.224% | $9K | $120K | 12x | as long as short |
| dYdX PEPE-USD | 0.0000% | 1h | 0.000005093 | −0.070% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005090 | −0.131% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005099 | +0.048% | $59K | $181K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005096 | −0.005% | $99.4M | $419.8M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005096 | −0.011% | $162.2M | $97.4M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005098 | +0.020% | $596K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005101 | +0.094% | $28K | $544K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005106 | +0.179% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005098 | +0.020% | $591K | $4.2M | 75x | as long as short |
Injective PEPE/USDC PERP
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-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0101% | 8h | 0.000005099 | +0.055% | $25.9M | $72.5M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0152% | 1h | 0.000005099 | +0.048% | $2K | $11K | 10x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005097 | +0.015% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0286% | 8h | 0.000005100 | +0.065% | $45.6M | $216.0M | 75x | as long as short |
| ApeX Omni 1000PEPEUSDTshort | +0.0310% | 1h | 0.000005094 | −0.051% | $154K | $824K | 25x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0339% | 1h | 0.000005097 | +0.008% | $73K | $127K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0394% | 8h | 0.000005099 | +0.048% | $47.1M | $725.0M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0394% | 8h | 0.000005099 | +0.044% | $34K | $26K | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0425% | 1h | 0.000005101 | +0.085% | $74K | $860K | 15x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0458% | 1h | 0.000005097 | +0.006% | $4.6M | $16.5M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0510% | 8h | 0.000005100 | +0.066% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0516% | 8h | 0.000005096 | −0.011% | $4.4M | $29.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0545% | 8h | 0.000005101 | +0.095% | $2.4M | $8.0M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0624% | 1h | 0.000005102 | +0.106% | $680K | $38.6M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0680% | 1h | 0.000005102 | +0.106% | $615 | $3K | 10x | as long as short |
| Lighter 1000PEPE | +0.0688% | 1h | 0.000005102 | +0.106% | $607K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDC | +0.0730% | 8h | 0.000005096 | −0.017% | — | $2.3M | — | as long as short |
| Nado kPEPE-PERPlong | +0.0756% | 1h | 0.000005097 | long leg | $164K | $959K | 10x | |
| Aster 1000PEPEUSDT | +0.0757% | 8h | 0.000005098 | +0.020% | $1.7M | $11.7M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0760% | 1h | 0.000005098 | +0.025% | $541K | $280K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0760% | 1h | 0.000005107 | +0.205% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0763% | 8h | 0.000005095 | −0.031% | $98.5M | $305.8M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0764% | 8h | 0.000005099 | +0.048% | $140.2M | $1.47B | 75x | as long as short |
| Hyperliquid kPEPE | +0.0943% | 1h | 0.000005104 | +0.146% | $52.8M | $156.6M | 10x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1130% / S −0.2249% | 1h | 0.000005000 | −1.895% | $63K | — | 100x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
Backpack kPEPE_USDC_PERP
Kraken Futures PF_PEPEUSD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDC
Aster 1000PEPEUSDT
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Hyperliquid kPEPE
GMX PEPE/USD [ETH-USDC]