PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.213%

Price spread now: MEXC against HTX+0.477%50s7-day average — · you sell dearer than you buy

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

Long on HTX Short on MEXC

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.477% dearer against HTX than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PIPPIN-USDT	0.01888	0.0100	pay 0.0050% / 4h	2h 28m	$34K	$16K	20x
Short	MEXC PIPPIN_USDT	0.01897	0.0200	get 0.0100% / 4h	2h 28m	$2.5M	$767K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now +0.477%Rate

Funding earned: $21
Price spread: +0.477% → 0.000%: $47.67
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: $56.67
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; MEXC: live order book, 4 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	2.63 bp	13.3 bp −$13	113.8 bp −$1,138	220.6 bp −$22.1K	485.2 bp −$242.6K

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	0.01896	+0.430%	$110K	$32K	5x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01898	+0.530%	$1.6M	$349K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01900	+0.636%	$2K	$9.7M	20x	as long as short
HTX PIPPIN-USDTlong	+0.0100%	4h	0.01888	long leg	$34K	$16K	20x
OKX PIPPIN-USDT-SWAP	+0.0133%	4h	0.01899	+0.583%	$1.6M	$3.2M	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01897	+0.477%	$18K	$9K	3x	as long as short
MEXC PIPPIN_USDTshort	+0.0200%	4h	0.01897	+0.477%	$2.5M	$767K	50x
Binance PIPPINUSDT	+0.0216%	4h	0.01897	+0.477%	$5.3M	$4.5M	25x	as long as short
BloFin PIPPIN-USDT	+0.0257%	4h	0.01900	+0.636%	$250K	$27K	25x	as long as short
KuCoin PIPPINUSDTM	+0.0324%	4h	0.01898	+0.530%	$2.1M	$3.3M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0527%	4h	0.01898	+0.530%	$3.6M	$1.3M	13x	as long as short
BingX PIPPIN-USDT	+0.0672%	4h	0.01898	+0.530%	—	$1.3M	—	as long as short
Gate PIPPIN_USDT	+0.0718%	4h	0.01897	+0.477%	$1.8M	$305K	20x	as long as short