PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.012%

Price spread now: Aster against MEXC+0.053%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.053%, 7d avg −0.018%

Together, before fees−0.184%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.071% dearer against MEXC than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.018%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01898	0.0138	pay 0.0069% / 4h	2h 33m	$2.5M	$766K	50x
Short	Aster PIPPINUSDT	0.01899	0.0100	get 0.0050% / 4h	2h 33m	$110K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$7.98
Price spread: +0.053% → −0.018%: $7.05
Slippage, 4 orders: −$52.22
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.15
Costs to cover: 0.602%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Aster: live order book, 52 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 MEXC live order book, 3 min ago	2.63 bp	15.5 bp −$15	137.3 bp −$1,373	227.7 bp −$22.8K	457.5 bp −$228.7K
Sell Aster live order book, 52 min ago	5.26 bp	13.3 bp −$13	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 PIPPINUSDTshort	+0.0100%	4h	0.01899	+0.053%	$110K	$32K	5x
Bitget PIPPINUSDT	+0.0100%	4h	0.01900	+0.105%	$1.6M	$349K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01904	+0.316%	$3K	$9.6M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01889	−0.474%	$34K	$16K	20x	as long as short
BloFin PIPPIN-USDT	+0.0133%	4h	0.01895	−0.158%	$250K	$27K	25x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01899	+0.053%	$18K	$9K	3x	as long as short
MEXC PIPPIN_USDTlong	+0.0138%	4h	0.01898	long leg	$2.5M	$766K	50x
Binance PIPPINUSDT	+0.0138%	4h	0.01899	+0.073%	$5.3M	$4.5M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0151%	4h	0.01901	+0.158%	$1.6M	$3.2M	20x	as long as short
BingX PIPPIN-USDT	+0.0330%	4h	0.01900	+0.105%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.0346%	4h	0.01901	+0.158%	$2.1M	$3.2M	25x	as long as short
Bybit PIPPINUSDT	+0.0668%	4h	0.01903	+0.263%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDT	+0.0804%	4h	0.01903	+0.263%	$1.8M	$305K	20x	as long as short