Funding you earn now, next payment 08:00 UTC−0.0428%/8h= −46.9% APRnext payment −$2.14 per $10,000 · paid last 24h −0.116%
Price spread now: Bybit against KuCoin+0.053%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
Funding, last 7 days−0.733%−$73 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.053%, 7d avg +0.063%
=The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: −$13 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 | 0.1064 | pay 0.0532% / 4h | 3h 01m | $2.1M | $5.5M | 25x |
| Short | Bybit PIPPINUSDT | 0.01902 | 0.0636 | get 0.0318% / 4h | 3h 01m | $3.6M | $1.4M | 13x |
KuCoin PIPPINUSDTM
Bybit PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$89.93
- Price spread: +0.053% → +0.063%
- −$1.03
- Slippage, 4 orders
- −$137.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$251.11
- Costs to cover
- 1.601%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago | 5.26 bp | 75.4 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.63 bp | 31.3 bp −$31 | 233.0 bp −$2,330 | 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 | 0.01905 | +0.210% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01900 | −0.053% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01901 | +0.003% | $5.4M | $5.0M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01901 | 0.000% | $2.5M | $715K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01897 | −0.210% | $3K | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01890 | −0.579% | $34K | $14K | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0125% | 4h | 0.01900 | −0.053% | $252K | $26K | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0134% | 4h | 0.01900 | −0.053% | $1.8M | $318K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0251% | 4h | 0.01903 | +0.105% | $1.5M | $3.3M | 20x | as long as short |
| Bybit PIPPINUSDTshort | +0.0636% | 4h | 0.01902 | +0.053% | $3.6M | $1.4M | 13x |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0712% | 4h | 0.01902 | +0.053% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.0732% | 4h | 0.01902 | +0.053% | $1.6M | $305K | 10x | as long as short |
| KuCoin PIPPINUSDTMlong | +0.1064% | 4h | 0.01901 | long leg | $2.1M | $5.5M | 25x |
BingX PIPPIN-USDT
Bitget PIPPINUSDT