PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.60 per $10,000 · paid last 24h +0.141%

Price spread now: KuCoin against MEXC+0.053%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2112.114% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.503%+$50 on $10k

Price spread, last 7 days+0.015%+$1 · spread now +0.053%, 7d avg +0.096%

Together, before fees+0.518%+$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.096%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.503%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01890	0.0414	pay 0.0207% / 4h	2h 01m	$2.6M	$780K	50x
Short	KuCoin PIPPINUSDTM	0.01891	0.0294	get 0.0147% / 4h	2h 01m	$2.1M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$25.2
Price spread: +0.053% → +0.096%: −$4.31
Slippage, 4 orders: −$199.37
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$240.88
Costs to cover: 2.114%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	5.29 bp	11.6 bp −$12	111.6 bp −$1,116	226.8 bp −$22.7K	473.5 bp −$236.8K
Sell KuCoin live order book, 6 min ago	7.92 bp	39.3 bp −$39	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
Bitget PIPPINUSDT	+0.0100%	4h	0.01892	+0.106%	$1.6M	$350K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01891	+0.053%	$2K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01884	−0.317%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0132%	4h	0.01891	+0.053%	$1.6M	$3.2M	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01890	0.000%	$18K	$9K	3x	as long as short
Aster PIPPINUSDT	+0.0205%	4h	0.01895	+0.268%	$110K	$32K	5x	as long as short
KuCoin PIPPINUSDTMshort	+0.0294%	4h	0.01891	+0.053%	$2.1M	$3.3M	25x
BloFin PIPPIN-USDT	+0.0387%	4h	0.01890	0.000%	$250K	$27K	25x	as long as short
Binance PIPPINUSDT	+0.0406%	4h	0.01890	+0.008%	$5.3M	$4.6M	25x	as long as short
MEXC PIPPIN_USDTlong	+0.0414%	4h	0.01890	long leg	$2.6M	$780K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0582%	4h	0.01892	+0.106%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0612%	4h	0.01892	+0.106%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDT	+0.0792%	4h	0.01891	+0.053%	$1.8M	$306K	20x	as long as short