PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against MEXC+0.081%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.081%, 7d avg +0.014%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.068% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01899	0.0216	pay 0.0108% / 4h	2h 26m	$2.5M	$767K	50x
Short	Binance PIPPINUSDT	0.01901	0.0230	get 0.0115% / 4h	2h 26m	$5.3M	$4.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $2.9
Price spread: +0.081% → +0.014%: $6.75
Slippage, 4 orders: −$61.78
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.12
Costs to cover: 0.718%
Break-even: 156.8 days

Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 11 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, 5 min ago	2.63 bp	14.4 bp −$14	110.0 bp −$1,100	215.0 bp −$21.5K	466.0 bp −$233.0K
Sell Binance live order book, 11 min ago	2.63 bp	23.9 bp −$24	140.0 bp −$1,400	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	0.01897	−0.112%	$110K	$32K	5x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01900	+0.053%	$1.6M	$349K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01900	+0.053%	$530	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.579%	$34K	$16K	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01898	−0.053%	$18K	$9K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0142%	4h	0.01902	+0.158%	$1.6M	$3.2M	20x	as long as short
BloFin PIPPIN-USDT	+0.0206%	4h	0.01900	+0.053%	$251K	$27K	25x	as long as short
MEXC PIPPIN_USDTlong	+0.0216%	4h	0.01899	long leg	$2.5M	$767K	50x
Binance PIPPINUSDTshort	+0.0230%	4h	0.01901	+0.081%	$5.3M	$4.5M	25x
KuCoin PIPPINUSDTM	+0.0336%	4h	0.01901	+0.105%	$2.1M	$3.3M	25x	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	+0.0498%	4h	0.01902	+0.158%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0558%	4h	0.01902	+0.158%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDT	+0.0738%	4h	0.01898	−0.053%	$1.8M	$305K	20x	as long as short