Funding you earn now, next payment 04:00 UTC−0.0287%/8h= −31.4% APRpaid last 24h −0.023%
Price spread now: BloFin against Nado−0.218%7-day average −0.021% · 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−$60as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 3 days (all we have)+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.218%, 7d avg −0.021%
=Together, before fees+0.375%+ Points / potential airdropNado: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.198% cheaper against Nado than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.7% 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 | Nado kPEPE-PERP | 0.000005110 | 0.0768 | pay 0.0096% / 1h | 39m 46s | $199K | $880K | 10x |
| Short | BloFin PEPE-USDT | 0.000005099 | 0.0482 | get 0.0482% / 8h | 4h 39m | $4.4M | $25.6M | 75x |
Nado kPEPE-PERP
BloFin PEPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$60.22
- Price spread: −0.218% → −0.021%
- −$19.77
- Slippage, 4 orders
- −$20.76
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$119.75
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Nado: live order book, 19 min ago; BloFin: live order book, 4 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, 19 min ago | 4.94 bp | 12.6 bp −$13 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.97 bp | 8.0 bp −$8 | 9.3 bp −$93 | 40.2 bp −$4,020 | 101.5 bp −$50.8K |
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 | 0.000005098 | −0.236% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005096 | −0.283% | $15K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005109 | −0.023% | $65K | $140K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005099 | −0.214% | $99.7M | $346.5M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005110 | −0.003% | $169.0M | $76.2M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005106 | −0.089% | $26.2M | $63.9M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005091 | −0.383% | $688K | $4.7M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005091 | −0.384% | $31K | $451K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005116 | +0.111% | $2K | $2.4M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005107 | −0.068% | $585K | $3.7M | 75x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEPEUSDT | +0.0173% | 8h | 0.000005109 | −0.023% | $46.6M | $175.2M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005108 | −0.052% | $8K | — | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0254% | 1h | 0.000005044 | −1.294% | $3K | $102K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0334% | 8h | 0.000005116 | +0.120% | $34K | $24K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0366% | 8h | 0.000005100 | −0.199% | $46.1M | $604.3M | 50x | as long as short |
| BloFin PEPE-USDTshort | +0.0482% | 8h | 0.000005099 | −0.218% | $4.4M | $25.6M | 75x | |
| Phemex u1000PEPEUSDT | +0.0586% | 8h | 0.000005105 | −0.095% | $2.4M | $7.1M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0647% | 8h | 0.000005112 | +0.026% | — | $261.9M | — | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0663% | 1h | 0.000005050 | −1.177% | $100K | $742K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0672% | 1h | 0.000005113 | +0.056% | $979K | $32.2M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0674% / S −0.0928% | 1h | 0.000005000 | −2.156% | $46K | — | 100x | as long as short |
| Aevo 1000PEPE-PERP | +0.0688% | 1h | 0.000005101 | −0.179% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0694% | 8h | 0.000005115 | +0.095% | $93.7M | $287.6M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0696% | 1h | 0.000005112 | +0.032% | $541K | $226K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0699% | 8h | 0.000005106 | −0.083% | $144.8M | $1.23B | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0707% | 1h | 0.000005109 | −0.023% | $2K | $12K | 10x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0729% | 1h | 0.000005110 | −0.003% | $72K | $124K | 25x | as long as short |
| Nado kPEPE-PERPlong | +0.0768% | 1h | 0.000005110 | long leg | $199K | $880K | 10x | |
| Aster 1000PEPEUSDT | +0.0794% | 8h | 0.000005107 | −0.056% | $1.8M | $9.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0799% | 8h | 0.000005110 | −0.011% | $6K | — | 20x | as long as short |
| Lighter 1000PEPE | +0.0920% | 1h | 0.000005108 | −0.042% | $579K | $8.2M | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0948% | 1h | 0.000005107 | −0.066% | $98K | $655K | 15x | as long as short |
| 01 Exchange kPEPEUSD | +0.1032% | 1h | 0.000005128 | +0.349% | $619 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1276% | 1h | 0.000005106 | −0.080% | $4.5M | $15.5M | 50x | as long as short |
| Hyperliquid kPEPE | +0.1463% | 1h | 0.000005114 | +0.075% | $54.9M | $140.3M | 10x | as long as short |
Bitget PEPEUSDT
Reya kPEPERUSDPERP
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
Phemex u1000PEPEUSDT
BingX 1000PEPE-USDT
ApeX Omni 1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
SoDEX 1000PEPE-USD
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Lighter 1000PEPE
Backpack kPEPE_USDC_PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Hyperliquid kPEPE