Funding you earn now, next payment 08:00 UTC+0.0658%/8h= +72.0% APRnext payment +$3.29 per $10,000 · paid last 24h +0.115%
Price spread now: KuCoin against OKX+0.104%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1101.103% of the position
Funding, last 7 days+0.454%+$45 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.104%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and KuCoin is 0.118% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.454% in total (about 23.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.29 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 | OKX PIPPIN-USDT-SWAP | 0.01914 | 0.0304 | pay 0.0152% / 4h | 1h 03m | $1.5M | $3.5M | 20x |
| Short | KuCoin PIPPINUSDTM | 0.01916 | 0.0962 | get 0.0481% / 4h | 1h 03m | $2.1M | $6.1M | 25x |
OKX PIPPIN-USDT-SWAP
KuCoin PIPPINUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $138.18
- Price spread: +0.104% → −0.014%
- $11.82
- Slippage, 4 orders
- −$88.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $39.7
- Costs to cover
- 1.103%
- Break-even
- 5.0 days
Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 5 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 OKX live order book, 4 min ago | 2.60 bp | 21.0 bp −$21 | 149.8 bp −$1,498 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 5.21 bp | 27.8 bp −$28 | 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 | 0.01913 | −0.056% | $112K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01915 | +0.037% | $18K | $6K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01915 | +0.046% | $5.4M | $5.3M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01914 | 0.000% | $2.7M | $765K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01918 | +0.209% | $2K | $10.4M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01912 | −0.104% | $35K | $14K | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0115% | 4h | 0.01917 | +0.157% | $256K | $27K | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0270% | 4h | 0.01913 | −0.052% | $1.8M | $328K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAPlong | +0.0304% | 4h | 0.01914 | long leg | $1.5M | $3.5M | 20x | |
| Bybit PIPPINUSDT | +0.0306% | 4h | 0.01916 | +0.104% | $3.7M | $1.5M | 13x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
Gate PIPPIN_USDT
Bybit PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0852% | 4h | 0.01916 | +0.104% | $1.6M | $320K | 10x | as long as short |
| BingX PIPPIN-USDT | +0.0858% | 4h | 0.01920 | +0.313% | — | $1.3M | — | as long as short |
| KuCoin PIPPINUSDTMshort | +0.0962% | 4h | 0.01916 | +0.104% | $2.1M | $6.1M | 25x |
Bitget PIPPINUSDT
BingX PIPPIN-USDT