PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.010%

Price spread now: MEXC against BloFin−0.106%94s7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$700.698% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now −0.106%, 7d avg −0.061%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.045% cheaper against BloFin than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.061%). If the spread goes back, that is −$4 on $10k: about 11 days of funding at the current rate ($0 a day). The two prices were read 94 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	0.01888	0.0087	pay 0.0043% / 4h	41m 45s	$252K	$25K	25x
Short	MEXC PIPPIN_USDT	0.01886	0.0100	get 0.0050% / 4h	41m 45s	$2.4M	$729K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.106%Rate

Funding earned: $2.73
Price spread: −0.106% → −0.061%: −$4.45
Slippage, 4 orders: −$57.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$71.56
Costs to cover: 0.698%
Break-even: 190.3 days

Slippage from BloFin: live order book, 57 min ago; MEXC: 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 BloFin live order book, 57 min ago	2.64 bp	25.2 bp −$25	72.0 bp −$720	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.65 bp	16.1 bp −$16	96.3 bp −$963	224.8 bp −$22.5K	477.5 bp −$238.8K

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
BloFin PIPPIN-USDTlong	+0.0087%	4h	0.01888	long leg	$252K	$25K	25x
Aster PIPPINUSDT	+0.0100%	4h	0.01888	−0.016%	$110K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01887	−0.026%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01888	−0.016%	$5.3M	$4.9M	25x	as long as short
MEXC PIPPIN_USDTshort	+0.0100%	4h	0.01886	−0.106%	$2.4M	$729K	50x
SunX PIPPIN-USDT	+0.0100%	4h	0.01887	−0.053%	$1K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01879	−0.477%	$34K	$14K	20x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01888	0.000%	$3.6M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0212%	4h	0.01886	−0.106%	$1.8M	$306K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0215%	4h	0.01887	−0.053%	$1.5M	$3.2M	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	+0.0822%	4h	0.01888	0.000%	$2.1M	$5.0M	25x	as long as short
BingX PIPPIN-USDT	+0.0866%	4h	0.01888	0.000%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0872%	4h	0.01889	+0.053%	$1.6M	$320K	10x	as long as short