PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.4% APRnext payment +$1.02 per $10,000 · paid last 24h −0.010%

Price spread now: Binance against Aster+0.286%7-day average +0.038% · 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−$53as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.286%, 7d avg +0.038%

Together, before fees−0.043%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.248% dearer against Aster than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.038%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.008% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.02 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	Aster PIPPINUSDT	0.01898	0.0147	pay 0.0073% / 4h	1h 40m	$110K	$32K	5x
Short	Binance PIPPINUSDT	0.01903	0.0351	get 0.0176% / 4h	1h 40m	$5.4M	$4.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.286%Rate

Funding earned: $42.91
Price spread: +0.286% → +0.038%: $24.85
Slippage, 4 orders: −$59.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.18
Costs to cover: 0.779%
Break-even: 8.7 days

Slippage from Aster: live order book, 40 min ago; Binance: 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 Aster live order book, 40 min ago	7.89 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.64 bp	22.1 bp −$22	152.6 bp −$1,526	doesn't fit	doesn't fit

PIPPIN on 13 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
Pacifica PIPPIN	+0.0100%	1h	0.01903	+0.286%	$18K	$9K	3x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01904	+0.339%	$1.6M	$339K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01905	+0.392%	$2K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01889	−0.451%	$34K	$16K	20x	as long as short
Aster PIPPINUSDTlong	+0.0147%	4h	0.01898	long leg	$110K	$32K	5x
OKX PIPPIN-USDT-SWAP	+0.0164%	4h	0.01904	+0.339%	$1.6M	$3.3M	20x	as long as short
BloFin PIPPIN-USDT	+0.0324%	4h	0.01904	+0.339%	$250K	$27K	25x	as long as short
MEXC PIPPIN_USDT	+0.0338%	4h	0.01902	+0.234%	$2.6M	$748K	50x	as long as short
Binance PIPPINUSDTshort	+0.0351%	4h	0.01903	+0.286%	$5.4M	$4.6M	25x
KuCoin PIPPINUSDTM	+0.0526%	4h	0.01904	+0.339%	$2.1M	$3.3M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0680%	4h	0.01903	+0.286%	—	$1.3M	—	as long as short
Gate PIPPIN_USDT	+0.0774%	4h	0.01904	+0.339%	$1.8M	$302K	20x	as long as short
Bybit PIPPINUSDT	+0.0809%	4h	0.01905	+0.392%	$3.7M	$1.4M	13x	as long as short