PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h −0.073%

Price spread now: SunX against Bitget+0.158%60s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1661.658% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.547%−$55 on $10k

Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.158%, 7d avg +0.035%

Together, before fees−0.704%−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.123% dearer against Bitget than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.035%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.547% in total) that is about 38 hours. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIPPINUSDT	0.01902	0.0224	pay 0.0112% / 4h	56m 22s	$1.6M	$334K	10x
Short	SunX PIPPIN-USDT	0.01905	0.0100	get 0.0050% / 4h	56m 22s	$1K	$9.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$26.04
Price spread: +0.158% → +0.035%: $12.28
Slippage, 4 orders: −$145.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$179.51
Costs to cover: 1.658%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; SunX: live order book, 13 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 Bitget live order book, just now	7.86 bp	22.3 bp −$22	302.4 bp −$3,024	doesn't fit	doesn't fit
Sell SunX live order book, 13 min ago	18.44 bp	64.8 bp −$65	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	+0.0042%	4h	0.01901	−0.053%	$250K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01899	−0.173%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01905	+0.147%	$18K	$9K	3x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01905	+0.158%	$2.5M	$753K	50x	as long as short
SunX PIPPIN-USDTshort	+0.0100%	4h	0.01905	+0.158%	$1K	$9.8M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01884	−0.946%	$34K	$16K	20x	as long as short
Binance PIPPINUSDT	+0.0104%	4h	0.01905	+0.175%	$5.4M	$4.6M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0130%	4h	0.01907	+0.263%	$1.6M	$3.3M	20x	as long as short
Bitget PIPPINUSDTlong	+0.0224%	4h	0.01902	long leg	$1.6M	$334K	10x
BingX PIPPIN-USDT	+0.0560%	4h	0.01905	+0.158%	—	$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_USDT	+0.0566%	4h	0.01903	+0.053%	$1.8M	$302K	20x	as long as short
Bybit PIPPINUSDT	+0.0644%	4h	0.01907	+0.263%	$3.7M	$1.4M	13x	as long as short
KuCoin PIPPINUSDTM	+0.0652%	4h	0.01905	+0.158%	$2.1M	$3.6M	25x	as long as short