Funding you earn now, next payment 04:00 UTC−0.0656%/8h= −71.8% APRnext payment −$3.28 per $10,000 · paid last 24h −0.086%
Price spread now: Gate against KuCoin−0.106%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,036as in the Price arb table
costs, in and out, $10k−$1,03210.321% of the position
Funding, last 7 days−0.683%−$68 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.106%, 7d avg −0.064%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Gate is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PIPPINUSDTM | 0.01887 | 0.0882 | pay 0.0441% / 4h | 45m 17s | $2.1M | $5.0M | 25x |
| Short | Gate PIPPIN_USDT | 0.01885 | 0.0226 | get 0.0113% / 4h | 45m 17s | $1.8M | $306K | 20x |
KuCoin PIPPINUSDTM
Gate PIPPIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$137.76
- Price spread: −0.106% → −0.064%
- −$4.19
- Slippage, 4 orders
- −$1,005.08
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,174.03
- Costs to cover
- 10.321%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 2 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 | 5.30 bp | 175.1 bp −$175 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 5.31 bp | 546.4 bp −$546 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01886 | −0.045% | $110K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01886 | −0.048% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01886 | −0.047% | $5.3M | $4.9M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01886 | −0.053% | $2.4M | $729K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01885 | −0.106% | $1K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01879 | −0.424% | $34K | $14K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01888 | +0.053% | $3.6M | $1.4M | 13x | as long as short |
| BloFin PIPPIN-USDT | +0.0129% | 4h | 0.01884 | −0.159% | $251K | $25K | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0213% | 4h | 0.01886 | −0.053% | $1.5M | $3.2M | 20x | as long as short |
| Gate PIPPIN_USDTshort | +0.0226% | 4h | 0.01885 | −0.106% | $1.8M | $306K | 20x |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
BloFin PIPPIN-USDT
OKX PIPPIN-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTMlong | +0.0882% | 4h | 0.01887 | long leg | $2.1M | $5.0M | 25x | |
| Bitget PIPPINUSDT | +0.0942% | 4h | 0.01889 | +0.106% | $1.6M | $320K | 10x | as long as short |
| BingX PIPPIN-USDT | +0.1012% | 4h | 0.01887 | 0.000% | — | $1.3M | — | as long as short |
Bitget PIPPINUSDT
BingX PIPPIN-USDT