PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0672%/8h= +73.6% APRnext payment +$3.36 per $10,000 · paid last 24h +0.010%

Price spread now: Bitget against MEXC+0.105%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$930.935% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.105%, 7d avg +0.063%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bitget is 0.042% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.063%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01904	0.0100	pay 0.0050% / 4h	2h 22m	$2.5M	$748K	50x
Short	Bitget PIPPINUSDT	0.01906	0.0772	get 0.0386% / 4h	2h 22m	$1.6M	$318K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.105%Rate

Funding earned: $141.12
Price spread: +0.105% → +0.063%: $4.21
Slippage, 4 orders: −$81.5
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $51.83
Costs to cover: 0.935%
Break-even: 4.4 days

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 4 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	2.62 bp	16.0 bp −$16	143.5 bp −$1,435	229.5 bp −$22.9K	410.5 bp −$205.2K
Sell Bitget live order book, 4 min ago	7.85 bp	28.4 bp −$28	300.4 bp −$3,004	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	0.01904	0.000%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01905	+0.063%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01905	+0.062%	$5.4M	$5.2M	25x	as long as short
MEXC PIPPIN_USDTlong	+0.0100%	4h	0.01904	long leg	$2.5M	$748K	50x
SunX PIPPIN-USDT	+0.0100%	4h	0.01901	−0.158%	$2K	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01898	−0.315%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0128%	4h	0.01907	+0.158%	$256K	$27K	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0364%	4h	0.01911	+0.368%	$1.5M	$3.5M	20x	as long as short
Gate PIPPIN_USDT	+0.0388%	4h	0.01903	−0.053%	$1.8M	$323K	20x	as long as short
Bitget PIPPINUSDTshort	+0.0772%	4h	0.01906	+0.105%	$1.6M	$318K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0965%	4h	0.01906	+0.105%	$3.6M	$1.5M	13x	as long as short
BingX PIPPIN-USDT	+0.0974%	4h	0.01913	+0.473%	—	$1.3M	—	as long as short
KuCoin PIPPINUSDTM	+0.1064%	4h	0.01906	+0.105%	$2.1M	$5.8M	25x	as long as short