PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0980%/8h= +107.3% APRnext payment +$4.90 per $10,000 · paid last 24h +0.128%

Price spread now: KuCoin against Aster+0.082%7-day average +0.081% · 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−$128as in the Price arb table

costs, in and out, $10k−$1281.284% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.373%+$37 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now +0.082%, 7d avg +0.081%

Together, before fees+0.498%+ Points / potential airdropAster: Stage 5 · farm board+$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.373% in total (about 25.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.90 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	0.01908	0.0100	pay 0.0050% / 4h	1m 12s	$111K	$34K	5x
Short	KuCoin PIPPINUSDTM	0.01910	0.1080	get 0.0540% / 4h	1m 12s	$2.1M	$4.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.082%Rate

Funding earned: $205.8
Price spread: +0.082% → +0.081%: $0.11
Slippage, 4 orders: −$108.41
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $77.5
Costs to cover: 1.284%
Break-even: 4.4 days

Slippage from Aster: live order book, 9 min ago; KuCoin: live order book, 6 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, 9 min ago	5.26 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	7.88 bp	45.0 bp −$45	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
BloFin PIPPIN-USDT	+0.0085%	4h	0.01909	+0.030%	$250K	$28K	25x	as long as short
Aster PIPPINUSDTlong	+0.0100%	4h	0.01908	long leg	$111K	$34K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01909	+0.030%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01911	+0.135%	$5.4M	$4.6M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01911	+0.135%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01911	+0.135%	$2.5M	$766K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01912	+0.187%	$2K	$9.9M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01896	−0.651%	$34K	$16K	20x	as long as short
Gate PIPPIN_USDT	+0.0372%	4h	0.01908	−0.022%	$1.8M	$306K	20x	as long as short
Bybit PIPPINUSDT	+0.0512%	4h	0.01911	+0.135%	$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	+0.0826%	4h	0.01904	−0.232%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0952%	4h	0.01912	+0.187%	$1.6M	$330K	10x	as long as short
KuCoin PIPPINUSDTMshort	+0.1080%	4h	0.01910	+0.082%	$2.1M	$4.0M	25x