PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0480%/8h= −52.5% APRnext payment −$2.40 per $10,000 · paid last 24h −0.039%

Price spread now: Aster against BingX−0.105%7-day average −0.134% · 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−$81as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.512%−$51 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now −0.105%, 7d avg −0.134%

Together, before fees−0.676%+ Points / potential airdropAster: Stage 5 · farm board−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.029% dearer against BingX than usual: you sell high and buy low (spread −0.105% now, against its 7-day average of −0.134%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PIPPIN-USDT	0.01901	0.0752	pay 0.0376% / 4h	2h 15m	—	$1.3M	—
Short	Aster PIPPINUSDT	0.01899	0.0272	get 0.0136% / 4h	2h 15m	$110K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$100.76
Price spread: −0.105% → −0.134%: $2.87
Slippage, 4 orders: −$65.65
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$181.54
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Aster: 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 BingX live order book, 11 min ago	2.63 bp	32.4 bp −$32	152.3 bp −$1,523	710.7 bp −$71.1K	doesn't fit
Sell Aster live order book, 5 min ago	7.89 bp	17.8 bp −$18	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
Bitget PIPPINUSDT	+0.0100%	4h	0.01901	0.000%	$1.6M	$349K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01902	+0.053%	$1K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01889	−0.631%	$34K	$16K	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01900	−0.053%	$18K	$9K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0199%	4h	0.01900	−0.053%	$1.6M	$3.3M	20x	as long as short
Aster PIPPINUSDTshort	+0.0272%	4h	0.01899	−0.105%	$110K	$32K	5x
BloFin PIPPIN-USDT	+0.0391%	4h	0.01901	0.000%	$249K	$27K	25x	as long as short
KuCoin PIPPINUSDTM	+0.0392%	4h	0.01902	+0.053%	$2.1M	$3.2M	25x	as long as short
MEXC PIPPIN_USDT	+0.0442%	4h	0.01899	−0.105%	$2.5M	$768K	50x	as long as short
Binance PIPPINUSDT	+0.0442%	4h	0.01900	−0.053%	$5.3M	$4.6M	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-USDTlong	+0.0752%	4h	0.01901	long leg	—	$1.3M	—
Bybit PIPPINUSDT	+0.0816%	4h	0.01903	+0.105%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDT	+0.1054%	4h	0.01902	+0.053%	$1.8M	$305K	20x	as long as short