PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1765%/8h= +193.3% APRnext payment +$8.82 per $10,000 · paid last 24h +0.035%

Price spread now: BingX against Aster+0.474%7-day average +0.125% · 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−$58as in the Price arb table

costs, in and out, $10k−$930.925% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.551%+$55 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.474%, 7d avg +0.125%

Together, before fees+0.287%+ Points / potential airdropAster: Stage 5 · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and BingX is 0.350% dearer against Aster than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.125%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.551% in total (about 37.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.82 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	0.01896	−0.0009	get 0.0004% / 4h	1h 43m	$110K	$33K	5x
Short	BingX PIPPIN-USDT	0.01905	0.1756	get 0.0878% / 4h	1h 43m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.474%Rate

Funding earned: $370.64
Price spread: +0.474% → +0.125%: $34.96
Slippage, 4 orders: −$74.54
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $313.06
Costs to cover: 0.925%
Break-even: 1.1 days

Slippage from Aster: live order book, 17 min ago; BingX: live order book, 3 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, 17 min ago	5.24 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.63 bp	45.7 bp −$46	128.9 bp −$1,289	312.2 bp −$31.2K	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	−0.0778%	1h	0.01897	+0.052%	$18K	$9K	3x	as long as short
Aster PIPPINUSDTlong	−0.0009%	4h	0.01896	long leg	$110K	$33K	5x
Binance PIPPINUSDT	+0.0100%	4h	0.01902	+0.308%	$5.4M	$4.8M	25x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01903	+0.369%	$3.6M	$1.4M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01902	+0.316%	$1.5M	$3.3M	20x	as long as short
Gate PIPPIN_USDT	+0.0100%	4h	0.01898	+0.105%	$1.8M	$302K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01901	+0.263%	$2.4M	$725K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01900	+0.211%	$1K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01886	−0.528%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0136%	4h	0.01903	+0.369%	$255K	$27K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1388%	4h	0.01898	+0.105%	$2.1M	$4.8M	25x	as long as short
Bitget PIPPINUSDT	+0.1744%	4h	0.01899	+0.158%	$1.6M	$325K	10x	as long as short
BingX PIPPIN-USDTshort	+0.1756%	4h	0.01905	+0.474%	—	$1.3M	—