Funding you earn now, next payment 08:00 UTC−0.0978%/8h= −107.1% APRnext payment −$4.89 per $10,000 · paid last 24h −0.091%
Price spread now: Aster against KuCoin+0.175%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1401.403% of the position
Funding, last 6 days (all we have)−0.458%−$46 on $10k
+Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.175%, 7d avg −0.078%
=Together, before fees−0.877%+ Points / potential airdropAster: Stage 5 · farm board−$88 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.253% dearer against KuCoin than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of −0.078%): +$25 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 6 days (−0.458% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.458% in total (about -30.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.89 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 | KuCoin PIPPINUSDTM | 0.01905 | 0.1078 | pay 0.0539% / 4h | 2h 55m | $2.1M | $5.5M | 25x |
| Short | Aster PIPPINUSDT | 0.01908 | 0.0100 | get 0.0050% / 4h | 2h 55m | $111K | $33K | 5x |
KuCoin PIPPINUSDTM
Aster PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$205.38
- Price spread: +0.175% → −0.078%
- $25.31
- Slippage, 4 orders
- −$120.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$320.36
- Costs to cover
- 1.403%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Aster: live order book, 55 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 KuCoin live order book, 7 min ago | 5.26 bp | 75.4 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 55 min ago | 5.25 bp | 16.2 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PIPPIN-USDT | +0.0067% | 4h | 0.01909 | +0.210% | $255K | $26K | 25x | as long as short |
| Aster PIPPINUSDTshort | +0.0100% | 4h | 0.01908 | +0.175% | $111K | $33K | 5x | |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01905 | +0.021% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01906 | +0.074% | $5.4M | $5.0M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01905 | 0.000% | $2.5M | $706K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01905 | 0.000% | $501 | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01891 | −0.735% | $34K | $14K | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0230% | 4h | 0.01904 | −0.052% | $1.8M | $317K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0269% | 4h | 0.01902 | −0.157% | $1.5M | $3.3M | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0750% | 4h | 0.01907 | +0.105% | $1.6M | $310K | 10x | as long as short |
BloFin PIPPIN-USDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAP
Bitget PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0870% | 4h | 0.01903 | −0.105% | — | $1.3M | — | as long as short |
| Bybit PIPPINUSDT | +0.0905% | 4h | 0.01906 | +0.052% | $3.6M | $1.4M | 13x | as long as short |
| KuCoin PIPPINUSDTMlong | +0.1078% | 4h | 0.01905 | long leg | $2.1M | $5.5M | 25x |
BingX PIPPIN-USDT
Bybit PIPPINUSDT