PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0350%/8h= −38.3% APRnext payment −$1.75 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against Gate−0.024%7-day average −0.012% · 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−$779as in the Price arb table

costs, in and out, $10k−$7787.776% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.024%, 7d avg −0.012%

Together, before fees+0.015%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 6 days funding on this pair paid +0.075%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.075% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 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	Gate PIPPIN_USDT	0.01917	0.0450	pay 0.0225% / 4h	2h 43m	$1.8M	$319K	20x
Short	Aster PIPPINUSDT	0.01917	0.0100	get 0.0050% / 4h	2h 43m	$111K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$73.5
Price spread: −0.024% → −0.012%: −$1.2
Slippage, 4 orders: −$754.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$852.28
Costs to cover: 7.776%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Aster: live order book, 2 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 Gate live order book, 4 min ago	5.23 bp	178.2 bp −$178	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	5.21 bp	15.9 bp −$16	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	0.01917	−0.024%	$111K	$33K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01917	0.000%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01917	0.000%	$5.4M	$5.1M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01916	−0.052%	$2.5M	$708K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01917	0.000%	$2K	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01907	−0.522%	$35K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0115%	4h	0.01917	0.000%	$254K	$27K	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0310%	4h	0.01916	−0.052%	$1.5M	$3.4M	20x	as long as short
Gate PIPPIN_USDTlong	+0.0450%	4h	0.01917	long leg	$1.8M	$319K	20x
Bitget PIPPINUSDT	+0.0708%	4h	0.01918	+0.052%	$1.6M	$315K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0826%	4h	0.01918	+0.052%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0917%	4h	0.01918	+0.052%	$3.7M	$1.4M	13x	as long as short
KuCoin PIPPINUSDTM	+0.1032%	4h	0.01916	−0.052%	$2.1M	$5.6M	25x	as long as short