Funding you earn now, next payment 09:00 UTC−0.0235%/8h= −25.7% APRpaid last 24h −0.055%
Price spread now: Orderly against Nado−0.078%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.078% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado kPEPE-PERP | 0.000005104 | 0.0670 | pay 0.0084% / 1h | 40m 58s | $164K | $965K | 10x |
| Short | Orderly PERP_1000PEPE_USDC | 0.000005100 | 0.0435 | get 0.0435% / 8h | 7h 40m | $34K | $26K | 20x |
Nado kPEPE-PERP
Orderly PERP_1000PEPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$49.37
- Price spread: −0.078% → 0.000%
- −$7.84
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$70.21
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 57 min ago; Orderly: no order-book sample. Net counts fees only.
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, 57 min ago | 2.91 bp | 11.2 bp −$11 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000005118 | +0.262% | $19K | $649 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005094 | −0.194% | $4K | — | 150x | as long as short |
| Pacifica kPEPE | +0.0100% | 1h | 0.000005119 | +0.290% | $60K | $186K | 10x | as long as short |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005101 | −0.065% | $98.2M | $436.0M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005098 | −0.121% | $161.9M | $99.2M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005122 | +0.342% | $642K | $5.4M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005134 | +0.589% | $28K | $551K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005129 | +0.482% | $2K | $2.7M | 20x | as long as short |
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005107 | +0.049% | $598K | $4.2M | 75x | as long as short |
| SoDEX 1000PEPE-USD | +0.0126% | 1h | 0.000005102 | −0.043% | $2K | $11K | 10x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Pacifica kPEPE
Bybit 1000PEPEUSDT
Gate PEPE_USDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDT
HTX PEPE-USDT
SoDEX 1000PEPE-USDShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PEPE/USDC PERP | +0.0147% | 1h | 0.000005119 | +0.290% | $7K | $121K | 12x | as long as short |
| KuCoin PEPEUSDTM | +0.0164% | 8h | 0.000005106 | +0.041% | $26.7M | $74.8M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005102 | −0.045% | $8K | — | 15x | as long as short |
| Bitget PEPEUSDT | +0.0213% | 8h | 0.000005097 | −0.141% | $45.9M | $222.3M | 75x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0336% | 8h | 0.000005102 | −0.043% | $46.8M | $746.3M | 50x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0339% | 1h | 0.000005098 | −0.121% | $73K | $128K | 25x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0374% | 1h | 0.000005128 | +0.466% | $149K | $837K | 25x | as long as short |
| Phemex u1000PEPEUSDT | +0.0394% | 8h | 0.000005105 | +0.008% | $2.4M | $8.1M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0424% | 8h | 0.000005117 | +0.247% | $6K | — | 20x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0425% | 1h | 0.000005100 | −0.080% | $75K | $895K | 15x | as long as short |
| Orderly PERP_1000PEPE_USDCshort | +0.0435% | 8h | 0.000005100 | −0.078% | $34K | $26K | 20x | |
| BloFin PEPE-USDT | +0.0456% | 8h | 0.000005101 | −0.063% | $4.4M | $30.3M | 75x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0504% | 1h | 0.000005121 | +0.329% | $673K | $39.8M | 50x | as long as short |
| Hyperliquid kPEPE | +0.0506% | 1h | 0.000005104 | −0.004% | $52.8M | $160.4M | 10x | as long as short |
| 01 Exchange kPEPEUSD | +0.0544% | 1h | 0.000005106 | +0.035% | $616 | $2K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.0622% | 1h | 0.000005097 | −0.149% | $4.7M | $16.5M | 50x | as long as short |
| Lighter 1000PEPE | +0.0624% | 1h | 0.000005103 | −0.024% | $610K | $9.0M | 10x | as long as short |
| BingX 1000PEPE-USDT | +0.0642% | 8h | 0.000005100 | −0.078% | — | $176.0M | — | as long as short |
| Extended 1000PEPE-USD | +0.0664% | 1h | 0.000005099 | −0.101% | $537K | $280K | 25x | as long as short |
| Binance 1000PEPEUSDT | +0.0665% | 8h | 0.000005104 | −0.004% | $140.9M | $1.51B | 75x | as long as short |
| MEXC PEPE_USDT | +0.0668% | 8h | 0.000005103 | −0.029% | $100.6M | $306.7M | 300x | as long as short |
| Nado kPEPE-PERPlong | +0.0670% | 1h | 0.000005104 | long leg | $164K | $965K | 10x | |
| Aevo 1000PEPE-PERP | +0.0672% | 1h | 0.000005100 | −0.082% | $144K | — | 3x | as long as short |
| Aster 1000PEPEUSDT | +0.0682% | 8h | 0.000005106 | +0.035% | $1.7M | $12.0M | 50x | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.1019% / S −0.1149% | 1h | 0.000005000 | −2.041% | $51K | — | 100x | as long as short |
Injective PEPE/USDC PERP
KuCoin PEPEUSDTM
Reya kPEPERUSDPERP
Bitget PEPEUSDT
OKX PEPE-USDT-SWAP
Deribit 1000PEPE_USDC-PERPETUAL
ApeX Omni 1000PEPEUSDT
Phemex u1000PEPEUSDT
Paradex kPEPE-USD-PERP
Backpack kPEPE_USDC_PERP
BloFin PEPE-USDT
Coinbase International 1000PEPE-PERP-INTX
Hyperliquid kPEPE
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
BingX 1000PEPE-USDT
Extended 1000PEPE-USD
Binance 1000PEPEUSDT
MEXC PEPE_USDT
Aevo 1000PEPE-PERP
Aster 1000PEPEUSDT
GMX PEPE/USD [ETH-USDC]