PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.61 per $10,000 · paid last 24h −0.053%

Price spread now: HTX against Bybit−0.577%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.577% cheaper against Bybit than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIPPINUSDT	0.01907	0.0223	pay 0.0111% / 4h	3h 45m	$3.6M	$1.5M	13x
Short	HTX PIPPIN-USDT	0.01896	0.0100	get 0.0050% / 4h	3h 45m	$34K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.577%Rate

Funding earned: −$25.82
Price spread: −0.577% → 0.000%: −$57.68
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$106.5
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; HTX: no order-book sample. Net counts fees only.

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 Bybit live order book, 2 min ago	2.62 bp	30.8 bp −$31	330.4 bp −$3,304	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01903	−0.210%	$111K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01904	−0.157%	$18K	$5K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01907	−0.013%	$5.4M	$5.3M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01906	−0.052%	$2.7M	$782K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01909	+0.105%	$2K	$10.4M	20x	as long as short
HTX PIPPIN-USDTshort	+0.0100%	4h	0.01896	−0.577%	$34K	$14K	20x
OKX PIPPIN-USDT-SWAP	+0.0147%	4h	0.01908	+0.052%	$1.5M	$3.5M	20x	as long as short
BloFin PIPPIN-USDT	+0.0153%	4h	0.01907	0.000%	$255K	$32K	25x	as long as short
BingX PIPPIN-USDT	+0.0216%	4h	0.01909	+0.105%	—	$1.4M	—	as long as short
Bitget PIPPINUSDT	+0.0218%	4h	0.01908	+0.052%	$1.6M	$330K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDTlong	+0.0223%	4h	0.01907	long leg	$3.6M	$1.5M	13x
Gate PIPPIN_USDT	+0.0378%	4h	0.01904	−0.157%	$1.8M	$319K	20x	as long as short
KuCoin PIPPINUSDTM	+0.0456%	4h	0.01907	0.000%	$2.1M	$6.4M	25x	as long as short