Funding you earn now, next payment 08:00 UTC+0.0640%/8h= +70.1% APRnext payment +$3.20 per $10,000 · paid last 24h +0.165%
Price spread now: KuCoin against SunX−0.157%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2542.542% of the position
Funding, last 7 days+1.001%+$100 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.157%, 7d avg −0.034%
=Funding pays, the price is against you. KuCoin is 0.123% cheaper against SunX than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.034%). If the spread goes back, that is −$12 on $10k: about 15 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PIPPIN-USDT | 0.01912 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $1K | $10.2M | 20x |
| Short | KuCoin PIPPINUSDTM | 0.01909 | 0.0740 | get 0.0370% / 4h | 3h 52m | $2.1M | $5.3M | 25x |
SunX PIPPIN-USDT
KuCoin PIPPINUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against SunX. 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
- $134.4
- Price spread: −0.157% → −0.034%
- −$12.25
- Slippage, 4 orders
- −$234.19
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$132.04
- Costs to cover
- 2.542%
- Break-even
- 13.9 days
Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 1 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 SunX live order book, 7 min ago | 21.01 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 7.85 bp | 30.9 bp −$31 | 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 | 0.01905 | −0.350% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01908 | −0.209% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01912 | −0.024% | $5.4M | $4.9M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01911 | −0.052% | $2.5M | $707K | 50x | as long as short |
| SunX PIPPIN-USDTlong | +0.0100% | 4h | 0.01912 | long leg | $1K | $10.2M | 20x | |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01889 | −1.203% | $34K | $14K | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0129% | 4h | 0.01911 | −0.052% | $253K | $22K | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0217% | 4h | 0.01912 | 0.000% | $1.5M | $3.3M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0358% | 4h | 0.01906 | −0.314% | $1.8M | $312K | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0470% | 4h | 0.01906 | −0.314% | $1.6M | $313K | 10x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
Bitget PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0500% | 4h | 0.01912 | 0.000% | — | $1.3M | — | as long as short |
| KuCoin PIPPINUSDTMshort | +0.0740% | 4h | 0.01909 | −0.157% | $2.1M | $5.3M | 25x | |
| Bybit PIPPINUSDT | +0.0834% | 4h | 0.01912 | 0.000% | $3.7M | $1.4M | 13x | as long as short |
BingX PIPPIN-USDT
Bybit PIPPINUSDT