PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0408%/8h= +44.7% APRnext payment +$2.04 per $10,000 · paid last 24h +0.004%

Price spread now: Gate against Aster+0.124%7-day average +0.019% · 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−$753as in the Price arb table

costs, in and out, $10k−$7637.631% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.124%, 7d avg +0.019%

Together, before fees−0.122%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Gate is 0.105% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 5 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.097% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.04 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	0.01899	0.0100	pay 0.0050% / 4h	1h 00m	$110K	$34K	5x
Short	Gate PIPPIN_USDT	0.01901	0.0508	get 0.0254% / 4h	1h 00m	$1.8M	$304K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.124%Rate

Funding earned: $85.68
Price spread: +0.124% → +0.019%: $10.54
Slippage, 4 orders: −$740.13
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$666.91
Costs to cover: 7.631%
Break-even: 61.5 days

Slippage from Aster: live order book, 15 min ago; Gate: live order book, 2 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, 15 min ago	5.28 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.63 bp	511.0 bp −$511	doesn't fit	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
Aster PIPPINUSDTlong	+0.0100%	4h	0.01899	long leg	$110K	$34K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01903	+0.229%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01902	+0.152%	$5.3M	$4.6M	25x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01903	+0.229%	$2K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01882	−0.877%	$34K	$16K	20x	as long as short
MEXC PIPPIN_USDT	+0.0104%	4h	0.01901	+0.124%	$2.5M	$761K	50x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0104%	4h	0.01903	+0.229%	$1.6M	$3.3M	20x	as long as short
BloFin PIPPIN-USDT	+0.0115%	4h	0.01903	+0.229%	$250K	$27K	25x	as long as short
Bitget PIPPINUSDT	+0.0128%	4h	0.01902	+0.177%	$1.6M	$334K	10x	as long as short
BingX PIPPIN-USDT	+0.0496%	4h	0.01902	+0.177%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PIPPIN_USDTshort	+0.0508%	4h	0.01901	+0.124%	$1.8M	$304K	20x
Bybit PIPPINUSDT	+0.0566%	4h	0.01904	+0.282%	$3.7M	$1.4M	13x	as long as short
KuCoin PIPPINUSDTM	+0.0568%	4h	0.01903	+0.229%	$2.1M	$3.6M	25x	as long as short