PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRnext payment −$1.18 per $10,000 · paid last 24h −0.148%

Price spread now: Bitget against KuCoin−0.053%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$355as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3183.176% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.053%, 7d avg −0.033%

Together, before fees−0.312%−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIPPINUSDTM	0.01901	0.0336	pay 0.0168% / 4h	2h 26m	$2.1M	$3.3M	25x
Short	Bitget PIPPINUSDT	0.01900	0.0100	get 0.0050% / 4h	2h 26m	$1.6M	$349K	10x

Funding history

latest

Range statsloading…

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now −0.053%Rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 5 min ago.

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, 6 min ago	2.63 bp	207.7 bp −$208	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.27 bp	31.8 bp −$32	243.7 bp −$2,437	doesn't fit	doesn't fit

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	0.01897	−0.218%	$110K	$32K	5x	as long as short
Bitget PIPPINUSDTshort	+0.0100%	4h	0.01900	−0.053%	$1.6M	$349K	10x
SunX PIPPIN-USDT	+0.0100%	4h	0.01900	−0.053%	$530	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.684%	$34K	$16K	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01898	−0.158%	$18K	$9K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0142%	4h	0.01902	+0.053%	$1.6M	$3.2M	20x	as long as short
BloFin PIPPIN-USDT	+0.0206%	4h	0.01900	−0.053%	$251K	$27K	25x	as long as short
MEXC PIPPIN_USDT	+0.0216%	4h	0.01899	−0.105%	$2.5M	$767K	50x	as long as short
Binance PIPPINUSDT	+0.0230%	4h	0.01901	−0.024%	$5.3M	$4.5M	25x	as long as short
KuCoin PIPPINUSDTMlong	+0.0336%	4h	0.01901	long leg	$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	+0.053%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0558%	4h	0.01902	+0.053%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDT	+0.0738%	4h	0.01898	−0.158%	$1.8M	$305K	20x	as long as short