PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0658%/8h= +72.1% APRnext payment +$3.29 per $10,000 · paid last 24h −0.020%

Price spread now: Bitget against Aster−0.001%7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.291%+$29 · spread now −0.001%, 7d avg +0.086%

Together, before fees+0.320%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.088% cheaper against Aster than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.086%). If the spread goes back, that is −$9 on $10k: about 11 hours of funding at the current rate (+$20 a day). At the pace of the last 5 days (+0.030% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.030% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.29 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	0.01901	0.0100	pay 0.0050% / 4h	11m 45s	$111K	$34K	5x
Short	Bitget PIPPINUSDT	0.01901	0.0758	get 0.0379% / 4h	11m 45s	$1.6M	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.001%Rate

Funding earned: $138.18
Price spread: −0.001% → +0.086%: −$8.76
Slippage, 4 orders: −$62.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $46.46
Costs to cover: 0.830%
Break-even: 4.6 days

Slippage from Aster: live order book, 64 min ago; Bitget: 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 Aster live order book, 64 min ago	5.28 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.26 bp	26.4 bp −$26	176.0 bp −$1,760	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
BloFin PIPPIN-USDT	+0.0041%	4h	0.01902	+0.051%	$251K	$28K	25x	as long as short
Aster PIPPINUSDTlong	+0.0100%	4h	0.01901	long leg	$111K	$34K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01901	+0.004%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01901	−0.026%	$5.3M	$4.6M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01902	+0.051%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01900	−0.054%	$2.4M	$765K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01901	−0.001%	$2K	$9.9M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01893	−0.422%	$34K	$16K	20x	as long as short
Gate PIPPIN_USDT	+0.0338%	4h	0.01899	−0.107%	$1.8M	$305K	20x	as long as short
Bybit PIPPINUSDT	+0.0430%	4h	0.01901	−0.001%	$3.7M	$1.4M	13x	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	+0.0702%	4h	0.01901	−0.001%	—	$1.3M	—	as long as short
Bitget PIPPINUSDTshort	+0.0758%	4h	0.01901	−0.001%	$1.6M	$331K	10x
KuCoin PIPPINUSDTM	+0.0906%	4h	0.01900	−0.054%	$2.1M	$3.9M	25x	as long as short