PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0866%/8h= −94.8% APRnext payment −$4.33 per $10,000 · paid last 24h −0.046%

Price spread now: HTX against MEXC−0.369%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and HTX is 0.369% cheaper against MEXC than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01895	0.0966	pay 0.0483% / 4h	1h 52m	$3.0M	$727K	50x
Short	HTX PIPPIN-USDT	0.01888	0.0100	get 0.0050% / 4h	1h 52m	$34K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.369%Rate

Funding earned: −$181.86
Price spread: −0.369% → 0.000%: −$36.94
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$230.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; HTX: no order-book sample. Net counts fees only.

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	12.6 bp −$13	112.1 bp −$1,121	216.6 bp −$21.7K	455.5 bp −$227.7K
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PIPPIN on 13 exchanges

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
Bitget PIPPINUSDT	+0.0100%	4h	0.01898	+0.158%	$1.6M	$264K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01896	+0.053%	$1K	$9.0M	20x	as long as short
HTX PIPPIN-USDTshort	+0.0100%	4h	0.01888	−0.369%	$34K	$5K	20x
Pacifica PIPPIN	+0.0148%	1h	0.01894	−0.032%	$18K	$4K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0204%	4h	0.01894	−0.053%	$1.5M	$2.8M	20x	as long as short
Bybit PIPPINUSDT	+0.0207%	4h	0.01896	+0.053%	$3.6M	$1.3M	13x	as long as short
KuCoin PIPPINUSDTM	+0.0348%	4h	0.01897	+0.106%	$2.1M	$6.8M	25x	as long as short
Gate PIPPIN_USDT	+0.0684%	4h	0.01896	+0.053%	$1.8M	$283K	20x	as long as short
BingX PIPPIN-USDT	+0.0882%	4h	0.01896	+0.053%	—	$1.3M	—	as long as short
Aster PIPPINUSDT	+0.0932%	4h	0.01897	+0.116%	$111K	$35K	5x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIPPIN_USDTlong	+0.0966%	4h	0.01895	long leg	$3.0M	$727K	50x
Binance PIPPINUSDT	+0.0967%	4h	0.01894	−0.053%	$5.4M	$4.5M	25x	as long as short
BloFin PIPPIN-USDT	+0.1012%	4h	0.01898	+0.158%	$254K	$31K	25x	as long as short