PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1074%/8h= +117.6% APRnext payment +$5.37 per $10,000 · paid last 24h +0.105%

Price spread now: KuCoin against Binance+0.104%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2152.146% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.576%+$58 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.104%, 7d avg +0.083%

Together, before fees+0.589%+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and KuCoin is 0.021% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.083%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.576% in total (about 30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.37 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	Binance PIPPINUSDT	0.01926	0.0100	pay 0.0050% / 4h	1h 31m	$5.5M	$5.2M	25x
Short	KuCoin PIPPINUSDTM	0.01928	0.1174	get 0.0587% / 4h	1h 31m	$2.2M	$6.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.104%Rate

Funding earned: $225.54
Price spread: +0.104% → +0.083%: $2.12
Slippage, 4 orders: −$192.62
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $13.04
Costs to cover: 2.146%
Break-even: 6.6 days

Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago	2.59 bp	20.9 bp −$21	350.5 bp −$3,505	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	7.78 bp	41.5 bp −$41	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	+0.0097%	4h	0.01931	+0.260%	$258K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01922	−0.214%	$112K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01926	0.000%	$18K	$9K	3x	as long as short
Binance PIPPINUSDTlong	+0.0100%	4h	0.01926	long leg	$5.5M	$5.2M	25x
MEXC PIPPIN_USDT	+0.0100%	4h	0.01925	−0.052%	$2.7M	$750K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01930	+0.208%	$587	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01913	−0.675%	$35K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0456%	4h	0.01925	−0.052%	$1.6M	$3.5M	20x	as long as short
Gate PIPPIN_USDT	+0.0544%	4h	0.01926	0.000%	$1.8M	$326K	20x	as long as short
Bybit PIPPINUSDT	+0.0786%	4h	0.01927	+0.052%	$3.7M	$1.5M	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	+0.0974%	4h	0.01927	+0.052%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1026%	4h	0.01926	0.000%	$1.6M	$321K	10x	as long as short
KuCoin PIPPINUSDTMshort	+0.1174%	4h	0.01928	+0.104%	$2.2M	$6.0M	25x