Funding you earn now, next payment 05:00 UTC+0.0697%/8h= +76.3% APRnext payment +$0.87 per $10,000 · paid last 24h +0.106%
Price spread now: Kraken Futures against Nado+0.077%7-day average −0.003% · 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−$46as in the Price arb table
costs, in and out, $10k−$540.537% of the position
Funding, last 3 days (all we have)+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.077%, 7d avg −0.003%
=Together, before fees+0.129%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Kraken Futures is 0.080% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.003%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.090% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 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 | 0.000005238 | 0.0861 | pay 0.0108% / 1h | 17m 31s | $189K | $917K | 10x |
| Short | Kraken Futures PF_PEPEUSD | 0.000005242 | 0.1558 | get 0.0195% / 1h | 17m 31s | $4.8M | $16.4M | 50x |
Nado kPEPE-PERP
Kraken Futures PF_PEPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $146.29
- Price spread: +0.077% → −0.003%
- $7.99
- Slippage, 4 orders
- −$36.7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $100.58
- Costs to cover
- 0.537%
- Break-even
- 2.2 days
Slippage from Nado: live order book, 36 min ago; Kraken Futures: live order book, 1 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, 36 min ago | 3.76 bp | 14.0 bp −$14 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 7.65 bp | 13.7 bp −$14 | 17.6 bp −$176 | 77.9 bp −$7,792 | 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 | 0.000005235 | −0.059% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0006% | 1h | 0.000005237 | −0.016% | $14K | — | 150x | as long as short |
| Injective PEPE/USDC PERP | +0.0092% | 1h | 0.000005327 | +1.706% | $3K | $111K | 12x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005243 | +0.103% | $66K | $163K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005242 | +0.082% | $106.5M | $383.3M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005240 | +0.045% | $172.8M | $89.0M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005241 | +0.074% | $26.1M | $68.7M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005213 | −0.478% | $661K | $5.2M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005223 | −0.278% | $29K | $534K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005249 | +0.210% | $2K | $2.5M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Injective PEPE/USDC PERP
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005238 | 0.000% | $589K | $3.9M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005242 | +0.078% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0317% | 8h | 0.000005246 | +0.150% | $50.9M | $191.0M | 75x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0401% | 8h | 0.000005245 | +0.143% | $35K | $26K | 20x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0432% | 8h | 0.000005244 | +0.122% | $50.8M | $679.3M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0456% | 1h | 0.000005245 | +0.141% | $2K | $10K | 10x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0485% | 8h | 0.000005240 | +0.053% | $6K | — | 20x | as long as short |
| BloFin PEPE-USDT | +0.0561% | 8h | 0.000005244 | +0.122% | $4.8M | $28.3M | 75x | as long as short |
| Phemex u1000PEPEUSDT | +0.0674% | 8h | 0.000005245 | +0.137% | $2.5M | $7.6M | 50x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0712% | 1h | 0.000005247 | +0.179% | $727K | $36.5M | 50x | as long as short |
| BingX 1000PEPE-USDC | +0.0762% | 8h | 0.000005239 | +0.028% | — | $2.3M | — | as long as short |
| Aevo 1000PEPE-PERP | +0.0808% | 1h | 0.000005248 | +0.198% | $148K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0815% | 8h | 0.000005242 | +0.087% | $99.4M | $296.5M | 300x | as long as short |
| Extended 1000PEPE-USD | +0.0816% | 1h | 0.000005243 | +0.098% | $556K | $231K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0817% | 8h | 0.000005247 | +0.179% | $152.5M | $1.34B | 75x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0841% | 1h | 0.000005241 | +0.064% | $161K | $810K | 25x | as long as short |
| Nado kPEPE-PERPlong | +0.0861% | 1h | 0.000005238 | long leg | $189K | $917K | 10x | |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0896% | 1h | 0.000005243 | +0.103% | $75K | $126K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0926% | 8h | 0.000005242 | +0.082% | $1.8M | $10.4M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0977% / S −0.1961% | 1h | 0.000005000 | −4.537% | $64K | — | 100x | as long as short |
| 01 Exchange kPEPEUSD | +0.0984% | 1h | 0.000005251 | +0.255% | $633 | $3K | 10x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.1150% | 1h | 0.000005246 | +0.164% | $68K | $724K | 15x | as long as short |
| Lighter 1000PEPE | +0.1200% | 1h | 0.000005245 | +0.141% | $632K | $8.8M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1541% | 1h | 0.000005250 | +0.236% | $57.1M | $146.0M | 10x | as long as short |
| Kraken Futures PF_PEPEUSDshort | +0.1558% | 1h | 0.000005242 | +0.077% | $4.8M | $16.4M | 50x |
HTX PEPE-USDT
Reya kPEPERUSDPERP
Bitget PEPEUSDT
Orderly PERP_1000PEPE_USDC
OKX PEPE-USDT-SWAP
SoDEX 1000PEPE-USD
Paradex kPEPE-USD-PERP
BloFin PEPE-USDT
Phemex u1000PEPEUSDT
Coinbase International 1000PEPE-PERP-INTX
BingX 1000PEPE-USDC
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
ApeX Omni 1000PEPEUSDT
Deribit 1000PEPE_USDC-PERPETUAL
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]
01 Exchange kPEPEUSD
Backpack kPEPE_USDC_PERP
Lighter 1000PEPE
Hyperliquid kPEPE