PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0554%/8h= −60.7% APRnext payment −$2.77 per $10,000 · paid last 24h +0.124%

Price spread now: KuCoin against Gate0.000%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$858as in the Funding arb table

Net, price: spread back to 7d avg − costs−$929as in the Price arb table

costs, in and out, $10k−$9239.230% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.647%+$65 on $10k

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg +0.062%

Together, before fees+0.647%+$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.062% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.647%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIPPIN_USDT	0.01904	0.0936	pay 0.0468% / 4h	2h 23m	$1.8M	$305K	20x
Short	KuCoin PIPPINUSDTM	0.01904	0.0382	get 0.0191% / 4h	2h 23m	$2.1M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$116.34
Price spread: 0.000% → +0.062%: −$6.16
Slippage, 4 orders: −$895.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,045.49
Costs to cover: 9.230%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: 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 Gate live order book, 4 min ago	5.26 bp	206.8 bp −$207	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.26 bp	35.7 bp −$36	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
Bitget PIPPINUSDT	+0.0100%	4h	0.01901	−0.158%	$1.6M	$349K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01905	+0.053%	$2K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01889	−0.788%	$34K	$16K	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01903	−0.053%	$18K	$9K	3x	as long as short
Aster PIPPINUSDT	+0.0156%	4h	0.01899	−0.263%	$110K	$32K	5x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0199%	4h	0.01905	+0.053%	$1.6M	$3.3M	20x	as long as short
MEXC PIPPIN_USDT	+0.0298%	4h	0.01903	−0.053%	$2.5M	$767K	50x	as long as short
Binance PIPPINUSDT	+0.0341%	4h	0.01903	−0.053%	$5.3M	$4.5M	25x	as long as short
BloFin PIPPIN-USDT	+0.0368%	4h	0.01904	0.000%	$251K	$27K	25x	as long as short
KuCoin PIPPINUSDTMshort	+0.0382%	4h	0.01904	0.000%	$2.1M	$3.3M	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0498%	4h	0.01902	−0.105%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0782%	4h	0.01906	+0.105%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDTlong	+0.0936%	4h	0.01904	long leg	$1.8M	$305K	20x