PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1525%/8h= +167.0% APRnext payment +$7.63 per $10,000 · paid last 24h +0.124%

Price spread now: KuCoin against Bybit−0.052%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$372as in the Price arb table

costs, in and out, $10k−$3733.730% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.707%+$71 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.052%, 7d avg −0.063%

Together, before fees+0.740%+$74 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$46 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.707% in total (about 36.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIPPINUSDT	0.01913	0.0213	pay 0.0106% / 4h	2h 21m	$3.7M	$1.4M	13x
Short	KuCoin PIPPINUSDTM	0.01912	0.1738	get 0.0869% / 4h	2h 21m	$2.1M	$4.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: $320.33
Price spread: −0.052% → −0.063%: $1.07
Slippage, 4 orders: −$349.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.55
Costs to cover: 3.730%
Break-even: 8.1 days

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 1 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 Bybit live order book, 1 min ago	5.22 bp	23.1 bp −$23	420.7 bp −$4,207	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.22 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit

PIPPIN on 12 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	0.01917	+0.193%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01912	−0.063%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01912	−0.075%	$5.4M	$4.8M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01911	−0.105%	$1.5M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01912	−0.052%	$2.5M	$744K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01916	+0.157%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01903	−0.523%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDTlong	+0.0213%	4h	0.01913	long leg	$3.7M	$1.4M	13x
Gate PIPPIN_USDT	+0.0258%	4h	0.01913	0.000%	$1.8M	$305K	20x	as long as short
KuCoin PIPPINUSDTMshort	+0.1738%	4h	0.01912	−0.052%	$2.1M	$4.5M	25x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.2114%	4h	0.01911	−0.105%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2242%	4h	0.01913	0.000%	$1.6M	$328K	10x	as long as short