Funding you earn now, next payment 12:00 UTC−0.0242%/8h= −26.5% APRnext payment −$1.21 per $10,000 · paid last 24h −0.104%
Price spread now: MEXC against KuCoin−0.106%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1731.734% of the position
Funding, last 7 days−0.582%−$58 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now −0.106%, 7d avg −0.097%
=The price spread sits at its 7-day average of −0.097%, 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 | 0.01892 | 0.0342 | pay 0.0171% / 4h | 3h 30m | $2.1M | $6.5M | 25x |
| Short | MEXC PIPPIN_USDT | 0.01890 | 0.0100 | get 0.0050% / 4h | 3h 30m | $2.7M | $785K | 50x |
KuCoin PIPPINUSDTM
MEXC PIPPIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$50.82
- Price spread: −0.106% → −0.097%
- −$0.92
- Slippage, 4 orders
- −$161.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$225.14
- Costs to cover
- 1.734%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; MEXC: live order book, 6 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 | 111.4 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 2.63 bp | 20.0 bp −$20 | 115.8 bp −$1,158 | 213.1 bp −$21.3K | 461.8 bp −$230.9K |
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 | +0.0046% | 4h | 0.01892 | 0.000% | $254K | $32K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01892 | −0.016% | $110K | $35K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01891 | −0.063% | $18K | $5K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01890 | −0.092% | $5.4M | $5.3M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01891 | −0.053% | $3.6M | $1.5M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01890 | −0.106% | $1.5M | $3.5M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01890 | −0.106% | $1.8M | $320K | 20x | as long as short |
| MEXC PIPPIN_USDTshort | +0.0100% | 4h | 0.01890 | −0.106% | $2.7M | $785K | 50x | |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01893 | +0.053% | $818 | $10.5M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01887 | −0.264% | $34K | $14K | 20x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0104% | 4h | 0.01892 | 0.000% | $1.6M | $336K | 10x | as long as short |
| BingX PIPPIN-USDT | +0.0140% | 4h | 0.01897 | +0.264% | — | $1.4M | — | as long as short |
| KuCoin PIPPINUSDTMlong | +0.0342% | 4h | 0.01892 | long leg | $2.1M | $6.5M | 25x |
Bitget PIPPINUSDT
BingX PIPPIN-USDT