Funding you earn now, next payment 11:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: Deribit against Nado+0.067%7-day average −0.017% · 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−$31as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 4 days (all we have)−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.067%, 7d avg −0.017%
=Together, before fees+0.033%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.084% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 4 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kPEPE-PERP | 0.000004921 | 0.0100 | pay 0.0012% / 1h | 6m 24s | $139K | $952K | 10x |
| Short | Deribit 1000PEPE_USDC-PERPETUAL | 0.000004924 | 0.0156 | get 0.0020% / 1h | 6m 24s | $61K | $119K | 25x |
Nado kPEPE-PERP
Deribit 1000PEPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $11.83
- Price spread: +0.067% → −0.017%
- $8.36
- Slippage, 4 orders
- −$25.1
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.91
- Costs to cover
- 0.391%
- Break-even
- 18.2 days
Slippage from Nado: live order book, 40 min ago; Deribit: live order book, 40 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, 40 min ago | 3.03 bp | 12.2 bp −$12 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 40 min ago | 6.06 bp | 9.6 bp −$10 | 16.1 bp −$161 | doesn't fit | doesn't fit |
PEPE on 35 exchanges
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 | −0.0373% | 1h | 0.000004915 | −0.124% | $4.5M | $16.1M | 50x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0005% / S −0.0005% | 1h | 0.000004921 | +0.006% | $3K | — | 150x | as long as short |
| 01 Exchange kPEPEUSD | +0.0048% | 1h | 0.000004924 | +0.067% | $594 | $2K | 10x | as long as short |
| Lighter 1000PEPE | +0.0096% | 1h | 0.000004920 | −0.014% | $597K | $9.0M | 10x | as long as short |
| Nado kPEPE-PERPlong | +0.0100% | 1h | 0.000004921 | long leg | $139K | $952K | 10x | |
| Hyperliquid kPEPE | +0.0100% | 1h | 0.000004924 | +0.067% | $49.9M | $155.0M | 10x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000004920 | −0.014% | $58K | $198K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000004923 | +0.047% | $92.5M | $446.0M | 50x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0100% | 8h | 0.000004924 | +0.067% | $44.0M | $719.2M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000004922 | +0.026% | $149.0M | $104.5M | 75x | as long as short |
Kraken Futures PF_PEPEUSD
gTrade (Gains Network) PEPE/USD
01 Exchange kPEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE
Pacifica kPEPE
Bybit 1000PEPEUSDT
OKX PEPE-USDT-SWAP
Gate PEPE_USDTShow all 35 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000004924 | +0.069% | $24.7M | $76.3M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000004926 | +0.106% | $43.8M | $233.8M | 75x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0100% | 1h | 0.000004916 | −0.087% | $74K | $997K | 15x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000004915 | −0.111% | $638K | $5.3M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000004919 | −0.043% | $26K | $572K | 20x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0100% | 1h | 0.000004920 | −0.014% | $109K | $870K | 25x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000004927 | +0.134% | $2K | $2.5M | 20x | as long as short |
| SoDEX 1000PEPE-USD | +0.0100% | 1h | 0.000004917 | −0.075% | $2K | $11K | 10x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000004920 | −0.012% | $578K | $4.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0100% | 8h | 0.000004920 | −0.024% | $2.3M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0107% | 8h | 0.000004917 | −0.076% | $6K | — | 20x | as long as short |
| Extended 1000PEPE-USD | +0.0136% | 1h | 0.000004919 | −0.034% | $517K | $288K | 25x | as long as short |
| Aevo 1000PEPE-PERP | +0.0136% | 1h | 0.000004923 | +0.047% | $139K | — | 3x | as long as short |
| Binance 1000PEPEUSDT | +0.0136% | 8h | 0.000004928 | +0.139% | $127.2M | $1.53B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0139% | 8h | 0.000004925 | +0.096% | $98.9M | $299.1M | 300x | as long as short |
| Aster 1000PEPEUSDT | +0.0144% | 8h | 0.000004924 | +0.064% | $1.7M | $12.6M | 50x | as long as short |
| BingX 1000PEPE-USDT | +0.0154% | 8h | 0.000004925 | +0.085% | — | $182.4M | — | as long as short |
| Deribit 1000PEPE_USDC-PERPETUALshort | +0.0156% | 1h | 0.000004924 | +0.067% | $61K | $119K | 25x | |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000004923 | +0.041% | $7K | — | 15x | as long as short |
| BloFin PEPE-USDT | +0.0220% | 8h | 0.000004918 | −0.055% | $4.2M | $28.3M | 75x | as long as short |
| Injective PEPE/USDC PERP | +0.0284% | 1h | 0.000004904 | −0.339% | $3K | $123K | 12x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0284% | 8h | 0.000004926 | +0.112% | $32K | $30K | 20x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0400% | 1h | 0.000004916 | −0.096% | $727K | $38.6M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0793% / S −0.0894% | 1h | 0.000004000 | −18.711% | $50K | — | 100x | as long as short |
| dYdX PEPE-USD | +0.3541% | 1h | 0.000004916 | −0.091% | $25K | $18K | 10x | as long as short |
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Backpack kPEPE_USDC_PERP
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
ApeX Omni 1000PEPEUSDT
SunX 1000PEPE-USDT
SoDEX 1000PEPE-USD
HTX PEPE-USDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Extended 1000PEPE-USD
Aevo 1000PEPE-PERP
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aster 1000PEPEUSDT
BingX 1000PEPE-USDT
Reya kPEPERUSDPERP
BloFin PEPE-USDT
Injective PEPE/USDC PERP
Orderly PERP_1000PEPE_USDC
Coinbase International 1000PEPE-PERP-INTX
GMX PEPE/USD [ETH-USDC]
dYdX PEPE-USD