Funding you earn now, next payment 09:00 UTC−0.0588%/8h= −64.3% APRpaid last 24h −0.111%
Price spread now: Bybit against Nado+0.226%7-day average −0.029% · 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−$10as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 4 days (all we have)−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)−0.433%−$43 · spread now +0.226%, 7d avg −0.029%
=Together, before fees−0.610%+ Points / potential airdropNado: Active · farm board−$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.255% dearer against Nado than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of −0.029%): +$26 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 4 days (−0.176% in total) that is about 5.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.176% in total (about -18.0% 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 | 0.000004997 | 0.0688 | pay 0.0086% / 1h | 26m 08s | $155K | $970K | 10x |
| Short | Bybit 1000PEPEUSDT | 0.000005009 | 0.0100 | get 0.0100% / 8h | 7h 26m | $96.9M | $440.8M | 50x |
Nado kPEPE-PERP
Bybit 1000PEPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$123.39
- Price spread: +0.226% → −0.029%
- $25.54
- Slippage, 4 orders
- −$17.49
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$133.34
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Nado: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 0.99 bp | 9.6 bp −$10 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.00 bp | 7.8 bp −$8 | 13.2 bp −$132 | 30.9 bp −$3,091 | 185.7 bp −$92.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005019 | +0.436% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005010 | +0.250% | $58K | $188K | 10x | as long as short |
| Bybit 1000PEPEUSDTshort | +0.0100% | 8h | 0.000005009 | +0.226% | $96.9M | $440.8M | 50x | |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004996 | −0.030% | $158.6M | $100.3M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005028 | +0.604% | $644K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005029 | +0.628% | $28K | $552K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005005 | +0.156% | $1K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004996 | −0.028% | $582K | $4.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005015 | +0.350% | $7K | $121K | 12x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0151% | 1h | 0.000004993 | −0.090% | $71K | $128K | 25x | as long as short |
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
Injective PEPE/USDC PERP
Deribit 1000PEPE_USDC-PERPETUALShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0163% | 8h | 0.000004999 | +0.022% | $26.4M | $75.0M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0172% | 1h | 0.000005002 | +0.090% | $2K | $11K | 10x | as long as short |
| Bitget PEPEUSDT | +0.0189% | 8h | 0.000004999 | +0.032% | $45.3M | $223.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005035 | +0.750% | $8K | — | 15x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0296% | 1h | 0.000005028 | +0.610% | $148K | $841K | 25x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0319% | 8h | 0.000005012 | +0.290% | $45.3M | $737.1M | 50x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0376% | 1h | 0.000004999 | +0.022% | $91K | $911K | 15x | as long as short |
| Phemex u1000PEPEUSDT | +0.0403% | 8h | 0.000004997 | −0.016% | $2.3M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0404% | 8h | 0.000005000 | +0.045% | $6K | — | 20x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0439% | 8h | 0.000004993 | −0.090% | $33K | $30K | 20x | as long as short |
| BloFin PEPE-USDT | +0.0441% | 8h | 0.000005028 | +0.610% | $4.5M | $30.2M | 75x | as long as short |
| Hyperliquid kPEPE | +0.0453% | 1h | 0.000005002 | +0.090% | $51.8M | $161.1M | 10x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000004996 | −0.030% | $721K | $38.9M | 50x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000004997 | −0.010% | $603 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0616% | 1h | 0.000005004 | +0.130% | $583K | $9.1M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0618% | 8h | 0.000005002 | +0.082% | — | $177.9M | — | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0635% | 1h | 0.000004992 | −0.105% | $4.7M | $16.9M | 50x | as long as short |
| Extended 1000PEPE-USD | +0.0648% | 1h | 0.000004994 | −0.068% | $526K | $285K | 25x | as long as short |
| MEXC PEPE_USDT | +0.0648% | 8h | 0.000005002 | +0.096% | $97.6M | $309.1M | 300x | as long as short |
| Aevo 1000PEPE-PERP | +0.0648% | 1h | 0.000004996 | −0.030% | $141K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0650% | 8h | 0.000005007 | +0.193% | $136.8M | $1.53B | 75x | as long as short |
| Aster 1000PEPEUSDT | +0.0668% | 8h | 0.000005009 | +0.220% | $1.7M | $12.1M | 50x | as long as short |
| Nado kPEPE-PERPlong | +0.0688% | 1h | 0.000004997 | long leg | $155K | $970K | 10x | |
| GMX PEPE/USD [ETH-USDC] | L +0.0972% / S −0.1091% | 1h | 0.000004000 | −19.960% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.5014% | 1h | 0.000004992 | −0.120% | $25K | $12K | 10x | as long as short |
KuCoin PEPEUSDTM
SoDEX 1000PEPE-USD
Bitget PEPEUSDT
Reya kPEPERUSDPERP
ApeX Omni 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Backpack kPEPE_USDC_PERP
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Orderly PERP_1000PEPE_USDC
BloFin PEPE-USDT
Hyperliquid kPEPE
Coinbase International 1000PEPE-PERP-INTX
01 Exchange kPEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDT
Kraken Futures PF_PEPEUSD
Extended 1000PEPE-USD
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD