PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0145%/8h= +15.9% APRnext payment +$0.73 per $10,000 · paid last 24h +0.026%

Price spread now: MEXC against OKX−0.158%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$660.655% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days+0.129%+$13 · spread now −0.158%, 7d avg −0.111%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.047% cheaper against OKX than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of −0.111%). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.122%, 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	0.01900	0.0159	pay 0.0079% / 4h	1h 27m	$1.6M	$3.3M	20x
Short	MEXC PIPPIN_USDT	0.01897	0.0304	get 0.0152% / 4h	1h 27m	$2.6M	$749K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.158%Rate

Funding earned: $30.46
Price spread: −0.158% → −0.111%: −$4.73
Slippage, 4 orders: −$55.5
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$39.76
Costs to cover: 0.655%
Break-even: 16.1 days

Slippage from OKX: live order book, 5 min ago; MEXC: 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, 5 min ago	5.27 bp	22.4 bp −$22	132.9 bp −$1,329	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.64 bp	14.4 bp −$14	106.6 bp −$1,066	212.0 bp −$21.2K	454.4 bp −$227.2K

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	0.01897	−0.147%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01895	−0.247%	$18K	$9K	3x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01899	−0.053%	$1.6M	$338K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01900	0.000%	$1K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.632%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0159%	4h	0.01900	long leg	$1.6M	$3.3M	20x
BloFin PIPPIN-USDT	+0.0274%	4h	0.01896	−0.211%	$251K	$27K	25x	as long as short
Binance PIPPINUSDT	+0.0301%	4h	0.01898	−0.105%	$5.3M	$4.6M	25x	as long as short
MEXC PIPPIN_USDTshort	+0.0304%	4h	0.01897	−0.158%	$2.6M	$749K	50x
KuCoin PIPPINUSDTM	+0.0514%	4h	0.01898	−0.105%	$2.1M	$3.4M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0584%	4h	0.01899	−0.053%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0647%	4h	0.01900	0.000%	$3.6M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0650%	4h	0.01898	−0.105%	$1.8M	$303K	20x	as long as short