PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1583%/8h= −173.3% APRnext payment −$7.92 per $10,000 · paid last 24h −0.100%

Price spread now: Binance against KuCoin−0.052%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$392as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$3373.373% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.543%−$54 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.052%, 7d avg −0.082%

Together, before fees−0.530%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.082%): +$3 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.543% in total) that is about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.543% in total (about -28.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.92 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	0.01920	0.1772	pay 0.0886% / 4h	3h 07m	$2.1M	$4.3M	25x
Short	Binance PIPPINUSDT	0.01919	0.0189	get 0.0094% / 4h	3h 07m	$5.4M	$4.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.052%Rate

Funding earned: −$332.44
Price spread: −0.052% → −0.082%: $3.01
Slippage, 4 orders: −$315.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$666.74
Costs to cover: 3.373%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago	5.21 bp	245.2 bp −$245	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.62 bp	21.6 bp −$22	162.8 bp −$1,628	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	0.01916	−0.216%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01918	−0.104%	$18K	$9K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01920	0.000%	$1.6M	$3.2M	20x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01920	0.000%	$2K	$9.9M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01895	−1.302%	$34K	$15K	20x	as long as short
BloFin PIPPIN-USDT	+0.0141%	4h	0.01914	−0.312%	$252K	$28K	25x	as long as short
Binance PIPPINUSDTshort	+0.0189%	4h	0.01919	−0.052%	$5.4M	$4.7M	25x
MEXC PIPPIN_USDT	+0.0190%	4h	0.01918	−0.104%	$2.5M	$762K	50x	as long as short
Bybit PIPPINUSDT	+0.0307%	4h	0.01921	+0.052%	$3.7M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.1102%	4h	0.01919	−0.052%	$1.8M	$304K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTMlong	+0.1772%	4h	0.01920	long leg	$2.1M	$4.3M	25x
BingX PIPPIN-USDT	+0.1824%	4h	0.01919	−0.052%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2072%	4h	0.01918	−0.104%	$1.6M	$327K	10x	as long as short