PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.54 per $10,000 · paid last 24h −0.081%

Price spread now: SunX against Gate+0.263%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$920as in the Funding arb table

Net, price: spread back to 7d avg − costs−$874as in the Price arb table

costs, in and out, $10k−$8918.908% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.263%, 7d avg +0.091%

Together, before fees−0.441%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.172% dearer against Gate than usual: you sell high and buy low (spread +0.263% now, against its 7-day average of +0.091%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIPPIN_USDT	0.01904	0.0208	pay 0.0104% / 4h	0m 09s	$1.8M	$310K	20x
Short	SunX PIPPIN-USDT	0.01909	0.0100	get 0.0050% / 4h	0m 09s	$809	$10.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.263%Rate

Funding earned: −$22.68
Price spread: +0.263% → +0.091%: $17.17
Slippage, 4 orders: −$867.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$896.33
Costs to cover: 8.908%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; SunX: live order book, 9 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, 2 min ago	2.63 bp	211.1 bp −$211	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	18.36 bp	59.7 bp −$60	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 PIPPINUSDT	+0.0100%	4h	0.01902	−0.114%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01905	+0.053%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01904	0.000%	$5.4M	$4.9M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01902	−0.105%	$2.4M	$732K	50x	as long as short
SunX PIPPIN-USDTshort	+0.0100%	4h	0.01909	+0.263%	$809	$10.1M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.840%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0100%	4h	0.01906	+0.105%	$253K	$22K	25x	as long as short
Gate PIPPIN_USDTlong	+0.0208%	4h	0.01904	long leg	$1.8M	$310K	20x
Bybit PIPPINUSDT	+0.0213%	4h	0.01906	+0.105%	$3.6M	$1.4M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0243%	4h	0.01905	+0.053%	$1.5M	$3.3M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PIPPINUSDT	+0.0528%	4h	0.01903	−0.053%	$1.6M	$313K	10x	as long as short
BingX PIPPIN-USDT	+0.0534%	4h	0.01905	+0.053%	—	$1.3M	—	as long as short
KuCoin PIPPINUSDTM	+0.0746%	4h	0.01905	+0.053%	$2.1M	$5.2M	25x	as long as short