PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.022%

Price spread now: Aster against BloFin−0.087%72s7-day average −0.080% · 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—prices read too far apart to compare

costs, in and out, $10k−$780.778% of the position

Long on BloFin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now −0.087%, 7d avg −0.080%

Together, before fees−0.195%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 72 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	BloFin PIPPIN-USDT	0.01892	0.0142	pay 0.0071% / 4h	52m 00s	$253K	$25K	25x
Short	Aster PIPPINUSDT	0.01890	0.0100	get 0.0050% / 4h	52m 00s	$110K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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 BloFinbpFee AsterbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$8.76
Price spread: −0.087% → −0.080%: −$0.66
Slippage, 4 orders: −$57.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$87.23
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from BloFin: live order book, 47 min ago; Aster: live order book, 4 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 BloFin live order book, 47 min ago	2.64 bp	25.2 bp −$25	72.0 bp −$720	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	5.28 bp	23.7 bp −$24	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
Aster PIPPINUSDTshort	+0.0100%	4h	0.01890	−0.087%	$110K	$33K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01891	−0.053%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01887	−0.264%	$5.3M	$4.8M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01887	−0.264%	$2.4M	$727K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01884	−0.423%	$3K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.211%	$34K	$14K	20x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01888	−0.211%	$3.6M	$1.4M	13x	as long as short
BloFin PIPPIN-USDTlong	+0.0142%	4h	0.01892	long leg	$253K	$25K	25x
OKX PIPPIN-USDT-SWAP	+0.0224%	4h	0.01887	−0.264%	$1.5M	$3.2M	20x	as long as short
Gate PIPPIN_USDT	+0.0272%	4h	0.01888	−0.211%	$1.8M	$305K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1010%	4h	0.01889	−0.159%	$2.1M	$5.0M	25x	as long as short
BingX PIPPIN-USDT	+0.1138%	4h	0.01891	−0.053%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1162%	4h	0.01894	+0.106%	$1.6M	$320K	10x	as long as short