Funding arb · Price arb /

PIPPIN

all PIPPIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against Aster−0.034%7-day average +0.011% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.034%, 7d avg +0.011%

Together, before fees+0.202%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.045% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PIPPINUSDT	0.01924	0.0100	pay 0.0050% / 4h	1h 49m	$112K	$34K	5x
Short	MEXC PIPPIN_USDT	0.01923	0.0100	get 0.0050% / 4h	1h 49m	$2.6M	$727K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.011%: −$4.51
Slippage, 4 orders: −$43.99
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$56.51
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from Aster: live order book, 56 min ago; MEXC: live order book, 3 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	5.21 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.60 bp	13.3 bp −$13	72.0 bp −$720	206.2 bp −$20.6K	472.6 bp −$236.3K

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	+0.0077%	4h	0.01922	−0.086%	$258K	$27K	25x	as long as short
Aster PIPPINUSDTlong	+0.0100%	4h	0.01924	long leg	$112K	$34K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01924	+0.018%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01924	+0.031%	$5.5M	$5.2M	25x	as long as short
MEXC PIPPIN_USDTshort	+0.0100%	4h	0.01923	−0.034%	$2.6M	$727K	50x
SunX PIPPIN-USDT	+0.0100%	4h	0.01924	+0.018%	$1K	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01910	−0.710%	$35K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0416%	4h	0.01924	+0.018%	$1.6M	$3.5M	20x	as long as short
Gate PIPPIN_USDT	+0.0438%	4h	0.01924	+0.018%	$1.8M	$325K	20x	as long as short
Bybit PIPPINUSDT	+0.0572%	4h	0.01924	+0.018%	$3.7M	$1.5M	13x	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	+0.1018%	4h	0.01925	+0.070%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1026%	4h	0.01924	+0.018%	$1.6M	$319K	10x	as long as short
KuCoin PIPPINUSDTM	+0.1130%	4h	0.01924	+0.018%	$2.2M	$5.9M	25x	as long as short