PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0266%/8h= −29.1% APRnext payment −$1.33 per $10,000 · paid last 24h −0.098%

Price spread now: OKX against KuCoin−0.106%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1871.865% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.106%, 7d avg +0.015%

Together, before fees−0.402%−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.120% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIPPINUSDTM	0.01893	0.0366	pay 0.0183% / 4h	3h 32m	$2.1M	$6.5M	25x
Short	OKX PIPPIN-USDT-SWAP	0.01891	0.0100	get 0.0050% / 4h	3h 32m	$1.5M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$55.86
Price spread: −0.106% → +0.015%: −$12.04
Slippage, 4 orders: −$164.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$254.44
Costs to cover: 1.865%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 5 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, 6 min ago	5.26 bp	111.4 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.63 bp	20.6 bp −$21	150.9 bp −$1,509	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	0.01894	+0.027%	$110K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01892	−0.042%	$18K	$5K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01891	−0.103%	$5.4M	$5.3M	25x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01891	−0.106%	$3.6M	$1.5M	13x	as long as short
OKX PIPPIN-USDT-SWAPshort	+0.0100%	4h	0.01891	−0.106%	$1.5M	$3.5M	20x
Gate PIPPIN_USDT	+0.0100%	4h	0.01891	−0.106%	$1.8M	$320K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01891	−0.106%	$2.7M	$785K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01893	0.000%	$2K	$10.5M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.264%	$34K	$14K	20x	as long as short
Bitget PIPPINUSDT	+0.0124%	4h	0.01892	−0.053%	$1.6M	$336K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PIPPIN-USDT	+0.0142%	4h	0.01893	0.000%	$254K	$32K	25x	as long as short
BingX PIPPIN-USDT	+0.0174%	4h	0.01897	+0.211%	—	$1.4M	—	as long as short
KuCoin PIPPINUSDTMlong	+0.0366%	4h	0.01893	long leg	$2.1M	$6.5M	25x