PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.035%

Price spread now: Gate against OKX+0.053%7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$941as in the Funding arb table

Net, price: spread back to 7d avg − costs−$902as in the Price arb table

costs, in and out, $10k−$9169.157% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.253%−$25 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.053%, 7d avg −0.079%

Together, before fees−0.325%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.132% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.253%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIPPIN-USDT-SWAP	0.01887	0.0224	pay 0.0112% / 4h	51m 59s	$1.5M	$3.2M	20x
Short	Gate PIPPIN_USDT	0.01888	0.0272	get 0.0136% / 4h	51m 59s	$1.8M	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now +0.053%Rate

Funding earned: $10.18
Price spread: +0.053% → −0.079%: $13.2
Slippage, 4 orders: −$890.69
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$892.31
Costs to cover: 9.157%
Break-even: 620.4 days

Slippage from OKX: live order book, just now; Gate: live order book, just now.

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 OKX live order book, just now	5.30 bp	29.5 bp −$30	152.1 bp −$1,521	doesn't fit	doesn't fit
Sell Gate live order book, just now	5.30 bp	609.8 bp −$610	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
Aster PIPPINUSDT	+0.0100%	4h	0.01890	+0.178%	$110K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01891	+0.212%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01887	0.000%	$5.3M	$4.8M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01887	0.000%	$2.4M	$727K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01884	−0.159%	$3K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	+0.053%	$34K	$14K	20x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01888	+0.053%	$3.6M	$1.4M	13x	as long as short
BloFin PIPPIN-USDT	+0.0142%	4h	0.01892	+0.265%	$253K	$25K	25x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0224%	4h	0.01887	long leg	$1.5M	$3.2M	20x
Gate PIPPIN_USDTshort	+0.0272%	4h	0.01888	+0.053%	$1.8M	$305K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1010%	4h	0.01889	+0.106%	$2.1M	$5.0M	25x	as long as short
BingX PIPPIN-USDT	+0.1138%	4h	0.01891	+0.212%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1162%	4h	0.01894	+0.371%	$1.6M	$320K	10x	as long as short