Funding you earn now, next payment 03:00 UTC−0.1019%/8h= −111.6% APRnext payment −$1.27 per $10,000 · paid last 24h −0.053%
Price spread now: Pacifica against Nado+0.186%7-day average +0.006% · 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−$37as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 3 days (all we have)−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.416%−$42 · spread now +0.186%, 7d avg +0.006%
=Together, before fees−0.479%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.179% dearer against Nado than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of +0.006%): +$18 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.064% in total) that is about 9.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.064% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.27 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 | 0.000005089 | 0.1119 | pay 0.0140% / 1h | 57m 58s | $193K | $857K | 10x |
| Short | Pacifica kPEPE | 0.000005098 | 0.0100 | get 0.0013% / 1h | 57m 58s | $63K | $128K | 10x |
Nado kPEPE-PERP
Pacifica kPEPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$214.06
- Price spread: +0.186% → +0.006%
- $17.94
- Slippage, 4 orders
- −$39.81
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$250.93
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from Nado: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago | 3.94 bp | 10.9 bp −$11 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 5 min ago | 6.84 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
PEPE on 34 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 | 0.000005090 | +0.021% | $19K | $95 | 10x | as long as short |
| gTrade (Gains Network) PEPE/USD | L +0.0006% / S −0.0008% | 1h | 0.000005081 | −0.141% | $18K | — | 150x | as long as short |
| Pacifica kPEPEshort | +0.0100% | 1h | 0.000005098 | +0.186% | $63K | $128K | 10x | |
| Bybit 1000PEPEUSDT | +0.0100% | 8h | 0.000005082 | −0.129% | $99.2M | $327.9M | 50x | as long as short |
| Gate PEPE_USDT | +0.0100% | 8h | 0.000005085 | −0.070% | $163.1M | $72.1M | 75x | as long as short |
| KuCoin PEPEUSDTM | +0.0100% | 8h | 0.000005081 | −0.146% | $25.4M | $61.5M | 75x | as long as short |
| Bitget PEPEUSDT | +0.0100% | 8h | 0.000005090 | +0.021% | $47.4M | $167.5M | 75x | as long as short |
| Variational Omni 1000PEPE | +0.0100% | 8h | 0.000005100 | +0.217% | $681K | $4.5M | — | as long as short |
| edgeX 1000PEPEUSDC | +0.0100% | 4h | 0.000005107 | +0.359% | $27K | $424K | 20x | as long as short |
| SunX 1000PEPE-USDT | +0.0100% | 8h | 0.000005095 | +0.125% | $2K | $2.4M | 20x | as long as short |
dYdX PEPE-USD
gTrade (Gains Network) PEPE/USD
Bybit 1000PEPEUSDT
Gate PEPE_USDT
KuCoin PEPEUSDTM
Bitget PEPEUSDT
Variational Omni 1000PEPE
edgeX 1000PEPEUSDC
SunX 1000PEPE-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PEPE-USDT | +0.0100% | 8h | 0.000005093 | +0.093% | $580K | $3.6M | 75x | as long as short |
| Reya kPEPERUSDPERP | +0.0189% | 1h | 0.000005089 | +0.015% | $8K | — | 15x | as long as short |
| OKX PEPE-USDT-SWAP | +0.0277% | 8h | 0.000005093 | +0.087% | $46.0M | $580.3M | 50x | as long as short |
| Orderly PERP_1000PEPE_USDC | +0.0297% | 8h | 0.000005096 | +0.137% | $33K | $24K | 20x | as long as short |
| BingX 1000PEPE-USDT | +0.0531% | 8h | 0.000005088 | −0.017% | — | $259.7M | — | as long as short |
| GMX PEPE/USD [ETH-USDC] | L +0.0539% / S −0.0933% | 1h | 0.000005000 | −1.740% | $48K | — | 100x | as long as short |
| Phemex u1000PEPEUSDT | +0.0543% | 8h | 0.000005090 | +0.019% | $2.4M | $7.0M | 50x | as long as short |
| Aevo 1000PEPE-PERP | +0.0560% | 1h | 0.000005092 | +0.068% | $144K | — | 3x | as long as short |
| MEXC PEPE_USDT | +0.0566% | 8h | 0.000005090 | +0.038% | $96.8M | $285.3M | 300x | as long as short |
| Binance 1000PEPEUSDT | +0.0567% | 8h | 0.000005089 | +0.015% | $144.1M | $1.18B | 75x | as long as short |
| Extended 1000PEPE-USD | +0.0568% | 1h | 0.000005089 | +0.007% | $559K | $199K | 25x | as long as short |
| Coinbase International 1000PEPE-PERP-INTX | +0.0576% | 1h | 0.000005092 | +0.068% | $914K | $30.7M | 50x | as long as short |
| SoDEX 1000PEPE-USD | +0.0631% | 1h | 0.000005094 | +0.107% | $2K | $12K | 10x | as long as short |
| ApeX Omni 1000PEPEUSDT | +0.0657% | 1h | 0.000005104 | +0.304% | $106K | $749K | 25x | as long as short |
| Aster 1000PEPEUSDT | +0.0675% | 8h | 0.000005090 | +0.034% | $1.7M | $8.3M | 50x | as long as short |
| Paradex kPEPE-USD-PERP | +0.0698% | 8h | 0.000005099 | +0.212% | $6K | — | 20x | as long as short |
| Deribit 1000PEPE_USDC-PERPETUAL | +0.0733% | 1h | 0.000005090 | +0.028% | $62K | $114K | 25x | as long as short |
| Backpack kPEPE_USDC_PERP | +0.0814% | 1h | 0.000005086 | −0.040% | $99K | $610K | 15x | as long as short |
| Injective PEPE/USDC PERP | +0.0973% | 1h | 0.000005105 | +0.323% | $4K | $102K | 12x | as long as short |
| Nado kPEPE-PERPlong | +0.1119% | 1h | 0.000005089 | long leg | $193K | $857K | 10x | |
| 01 Exchange kPEPEUSD | +0.1120% | 1h | 0.000005100 | +0.225% | $615 | $3K | 10x | as long as short |
| Kraken Futures PF_PEPEUSD | +0.1367% | 1h | 0.000005090 | +0.038% | $4.1M | $14.6M | 50x | as long as short |
| Lighter 1000PEPE | +0.1520% | 1h | 0.000005103 | +0.284% | $1.1M | $7.4M | 10x | as long as short |
| Hyperliquid kPEPE | +0.1816% | 1h | 0.000005096 | +0.146% | $56.3M | $136.5M | 10x | as long as short |
HTX PEPE-USDT
Reya kPEPERUSDPERP
OKX PEPE-USDT-SWAP
Orderly PERP_1000PEPE_USDC
BingX 1000PEPE-USDT
GMX PEPE/USD [ETH-USDC]
Phemex u1000PEPEUSDT
Aevo 1000PEPE-PERP
MEXC PEPE_USDT
Binance 1000PEPEUSDT
Extended 1000PEPE-USD
Coinbase International 1000PEPE-PERP-INTX
SoDEX 1000PEPE-USD
ApeX Omni 1000PEPEUSDT
Aster 1000PEPEUSDT
Paradex kPEPE-USD-PERP
Deribit 1000PEPE_USDC-PERPETUAL
Backpack kPEPE_USDC_PERP
Injective PEPE/USDC PERP
01 Exchange kPEPEUSD
Kraken Futures PF_PEPEUSD
Lighter 1000PEPE
Hyperliquid kPEPE