PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0742%/8h= −81.2% APRnext payment −$3.71 per $10,000 · paid last 24h −0.221%

Price spread now: SunX against KuCoin+0.105%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$304as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2122.123% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.921%−$92 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.105%, 7d avg +0.039%

Together, before fees−0.999%−$100 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.066% dearer against KuCoin than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.039%): +$7 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIPPINUSDTM	0.01898	0.0842	pay 0.0421% / 4h	21m 58s	$2.1M	$3.8M	25x
Short	SunX PIPPIN-USDT	0.01900	0.0100	get 0.0050% / 4h	21m 58s	$1K	$9.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$155.82
Price spread: +0.105% → +0.039%: $6.64
Slippage, 4 orders: −$192.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$361.46
Costs to cover: 2.123%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago	7.89 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	18.44 bp	61.5 bp −$62	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
BloFin PIPPIN-USDT	+0.0079%	4h	0.01896	−0.105%	$250K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01896	−0.105%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01899	+0.058%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01899	+0.053%	$5.3M	$4.6M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01901	+0.158%	$1.5M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01898	0.000%	$2.4M	$764K	50x	as long as short
SunX PIPPIN-USDTshort	+0.0100%	4h	0.01900	+0.105%	$1K	$9.8M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01891	−0.369%	$34K	$16K	20x	as long as short
Gate PIPPIN_USDT	+0.0388%	4h	0.01897	−0.053%	$1.8M	$305K	20x	as long as short
Bybit PIPPINUSDT	+0.0413%	4h	0.01899	+0.053%	$3.7M	$1.4M	13x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0666%	4h	0.01900	+0.105%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0700%	4h	0.01899	+0.053%	$1.6M	$334K	10x	as long as short
KuCoin PIPPINUSDTMlong	+0.0842%	4h	0.01898	long leg	$2.1M	$3.8M	25x