PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against Binance−0.052%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.052%, 7d avg −0.015%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.037% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIPPINUSDT	0.01910	0.0201	pay 0.0100% / 4h	3h 14m	$5.4M	$5.3M	25x
Short	MEXC PIPPIN_USDT	0.01909	0.0146	get 0.0073% / 4h	3h 14m	$2.7M	$789K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$11.47
Price spread: −0.052% → −0.015%: −$3.69
Slippage, 4 orders: −$64.37
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$89.53
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; MEXC: 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 Binance live order book, 9 min ago	2.62 bp	21.5 bp −$21	297.7 bp −$2,977	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.62 bp	15.0 bp −$15	106.4 bp −$1,064	226.8 bp −$22.7K	487.5 bp −$243.8K

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 PIPPINUSDT	+0.0100%	4h	0.01909	−0.052%	$111K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01911	+0.052%	$18K	$5K	3x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01913	+0.157%	$2K	$10.3M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01895	−0.785%	$34K	$14K	20x	as long as short
MEXC PIPPIN_USDTshort	+0.0146%	4h	0.01909	−0.052%	$2.7M	$789K	50x
Bitget PIPPINUSDT	+0.0154%	4h	0.01906	−0.209%	$1.6M	$334K	10x	as long as short
BloFin PIPPIN-USDT	+0.0185%	4h	0.01913	+0.157%	$255K	$32K	25x	as long as short
Binance PIPPINUSDTlong	+0.0201%	4h	0.01910	long leg	$5.4M	$5.3M	25x
OKX PIPPIN-USDT-SWAP	+0.0214%	4h	0.01910	0.000%	$1.5M	$3.5M	20x	as long as short
KuCoin PIPPINUSDTM	+0.0442%	4h	0.01911	+0.052%	$2.1M	$6.6M	25x	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	+0.0468%	4h	0.01911	+0.052%	—	$1.4M	—	as long as short
Bybit PIPPINUSDT	+0.0748%	4h	0.01912	+0.105%	$3.7M	$1.5M	13x	as long as short
Gate PIPPIN_USDT	+0.1056%	4h	0.01909	−0.052%	$1.8M	$322K	20x	as long as short