Settings8H · net · $10k
Funding arb · Price arb /

PIPPIN

all PIPPIN markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.2% APRnext payment $0.01 per $10,000 · paid last 24h +0.033%
Price spread now: Aster against OKX−0.366%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$780.781% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.156%−$16 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.366%, 7d avg −0.126%
Together, before fees−0.155%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.240% cheaper against OKX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.126%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PIPPIN-USDT-SWAP0.019150.0101pay 0.0051% / 4h3h 16m$1.6M$3.2M20x
ShortAster PIPPINUSDT0.019080.0100get 0.0050% / 4h3h 16m$111K$33K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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

Funding earned
−$0.31
Price spread: −0.366% → −0.126%
−$23.95
Slippage, 4 orders
−$60.1
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$102.36
Costs to cover
0.781%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Aster: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago2.61 bp24.6 bp −$25162.7 bp −$1,627doesn't fitdoesn't fit
Sell Aster live order book, 54 min ago5.26 bp17.2 bp −$17doesn't fitdoesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PIPPINUSDTshort+0.0100%4h0.01908−0.366%$111K$33K5x
Pacifica PIPPIN+0.0100%1h0.01913−0.125%$18K$9K3xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01914−0.052%$2.5M$760K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01917+0.104%$3K$9.9M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01895−1.044%$34K$15K20xas long as short
OKX PIPPIN-USDT-SWAPlong+0.0101%4h0.01915long leg$1.6M$3.2M20x
Binance PIPPINUSDT+0.0107%4h0.01914−0.052%$5.4M$4.7M25xas long as short
BloFin PIPPIN-USDT+0.0156%4h0.01913−0.104%$252K$27K25xas long as short
Bybit PIPPINUSDT+0.0196%4h0.01916+0.052%$3.7M$1.4M13xas long as short
Gate PIPPIN_USDT+0.1008%4h0.01910−0.261%$1.8M$303K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PIPPINUSDTM+0.1598%4h0.01913−0.104%$2.1M$4.2M25xas long as short
BingX PIPPIN-USDT+0.1604%4h0.01916+0.052%$1.3Mas long as short
Bitget PIPPINUSDT+0.1760%4h0.01908−0.366%$1.6M$329K10xas long as short