PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0644%/8h= +70.5% APRnext payment +$3.22 per $10,000 · paid last 24h −0.005%

Price spread now: Bitget against Aster+0.196%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.196%, 7d avg +0.083%

Together, before fees+0.275%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bitget is 0.113% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.083%.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.098% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.22 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	Aster PIPPINUSDT	0.01901	0.0100	pay 0.0050% / 4h	2h 54m	$111K	$33K	5x
Short	Bitget PIPPINUSDT	0.01905	0.0744	get 0.0372% / 4h	2h 54m	$1.6M	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.196%Rate

Funding earned: $135.24
Price spread: +0.196% → +0.083%: $11.27
Slippage, 4 orders: −$71.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $54.74
Costs to cover: 0.918%
Break-even: 4.2 days

Slippage from Aster: live order book, 56 min ago; Bitget: live order book, 2 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 Aster live order book, 56 min ago	5.25 bp	13.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.24 bp	30.9 bp −$31	302.8 bp −$3,028	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
BloFin PIPPIN-USDT	+0.0051%	4h	0.01901	−0.015%	$254K	$26K	25x	as long as short
Aster PIPPINUSDTlong	+0.0100%	4h	0.01901	long leg	$111K	$33K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01902	+0.038%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01902	+0.060%	$5.4M	$5.0M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01901	−0.015%	$2.5M	$706K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01900	−0.067%	$2K	$10.2M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.698%	$34K	$14K	20x	as long as short
Gate PIPPIN_USDT	+0.0208%	4h	0.01904	+0.143%	$1.8M	$317K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0257%	4h	0.01905	+0.196%	$1.5M	$3.3M	20x	as long as short
Bitget PIPPINUSDTshort	+0.0744%	4h	0.01905	+0.196%	$1.6M	$311K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0847%	4h	0.01907	+0.301%	$3.6M	$1.4M	13x	as long as short
BingX PIPPIN-USDT	+0.0870%	4h	0.01906	+0.248%	—	$1.3M	—	as long as short
KuCoin PIPPINUSDTM	+0.1070%	4h	0.01903	+0.091%	$2.1M	$5.6M	25x	as long as short