PEPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Extended against Nado−0.006%7-day average −0.039% · 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−$34as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.125%−$13 · spread now −0.006%, 7d avg −0.039%

Together, before fees−0.127%+ Points / potential airdropNado: Active · Extended: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.033% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kPEPE-PERP	0.000004797	0.0741	pay 0.0093% / 1h	4m 31s	$184K	$845K	10x
Short	Extended 1000PEPE-USD	0.000004797	0.0736	get 0.0092% / 1h	4m 31s	$526K	$148K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$1.04
Price spread: −0.006% → −0.039%: $3.29
Slippage, 4 orders: −$24.8
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$34.54
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Nado: live order book, 14 min ago; Extended: live order book, 13 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, 14 min ago	3.13 bp	8.8 bp −$9	27.1 bp −$271	doesn't fit	doesn't fit
Sell Extended live order book, 13 min ago	3.13 bp	7.7 bp −$8	45.3 bp −$453	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
dYdX PEPE-USD	0.0000%	1h	0.000004798	+0.009%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0006% / S −0.0006%	1h	0.000004788	−0.204%	$14K	—	150x	as long as short
Lighter 1000PEPE	+0.0096%	1h	0.000004798	+0.013%	$669K	$6.0M	10x	as long as short
Hyperliquid kPEPE	+0.0100%	1h	0.000004794	−0.070%	$63.5M	$84.1M	10x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000004799	+0.034%	$59K	$114K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000004796	−0.029%	$87.3M	$283.6M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000004796	−0.029%	$150.4M	$63.7M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000004798	+0.019%	$24.8M	$54.0M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000004787	−0.219%	$542K	$4.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000004783	−0.305%	$27K	$345K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX 1000PEPE-USDT	+0.0100%	8h	0.000004797	−0.018%	$2K	$2.4M	20x	as long as short
SoDEX 1000PEPE-USD	+0.0100%	1h	0.000004793	−0.091%	$2K	$12K	10x	as long as short
HTX PEPE-USDT	+0.0100%	8h	0.000004791	−0.131%	$541K	$3.5M	75x	as long as short
Bitget PEPEUSDT	+0.0101%	8h	0.000004795	−0.047%	$42.1M	$148.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000004797	−0.015%	$7K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0219%	8h	0.000004799	+0.034%	$41.4M	$492.6M	50x	as long as short
Paradex kPEPE-USD-PERP	+0.0252%	8h	0.000004798	+0.005%	$5K	$16	20x	as long as short
Phemex u1000PEPEUSDT	+0.0328%	8h	0.000004793	−0.093%	$2.3M	$6.4M	50x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0334% / S −0.0361%	1h	0.000004000	−16.621%	$42K	—	100x	as long as short
BloFin PEPE-USDT	+0.0340%	8h	0.000004790	−0.154%	$3.9M	$22.2M	75x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0373%	1h	0.000004779	−0.383%	$101K	$764K	25x	as long as short
01 Exchange kPEPEUSD	+0.0392%	1h	0.000004798	+0.013%	$550	$2K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0448%	1h	0.000004792	−0.112%	$579K	$25.5M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0448%	8h	0.000004794	−0.075%	$29K	$11K	20x	as long as short
Backpack kPEPE_USDC_PERP	+0.0585%	1h	0.000004795	−0.058%	$92K	$615K	15x	as long as short
BingX 1000PEPE-USDC	+0.0722%	8h	0.000004786	−0.227%	—	$2.3M	—	as long as short
Binance 1000PEPEUSDT	+0.0733%	8h	0.000004796	−0.023%	$130.6M	$1.04B	75x	as long as short
Extended 1000PEPE-USDshort	+0.0736%	1h	0.000004797	−0.006%	$526K	$148K	25x
Aevo 1000PEPE-PERP	+0.0736%	1h	0.000004794	−0.070%	$136K	—	3x	as long as short
MEXC PEPE_USDT	+0.0737%	8h	0.000004801	+0.065%	$92.7M	$286.4M	300x	as long as short
Nado kPEPE-PERPlong	+0.0741%	1h	0.000004797	long leg	$184K	$845K	10x
Aster 1000PEPEUSDT	+0.0743%	8h	0.000004801	+0.077%	$1.5M	$7.2M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0794%	1h	0.000004793	−0.091%	$81K	$94K	25x	as long as short
Injective PEPE/USDC PERP	+0.0873%	1h	0.000004783	−0.300%	$4K	$103K	12x	as long as short
Kraken Futures PF_PEPEUSD	+0.1331%	1h	0.000004791	−0.124%	$3.9M	$13.3M	50x	as long as short