PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0108%/8h= −11.9% APRnext payment −$0.54 per $10,000 · paid last 24h +0.012%

Price spread now: Aster against Binance0.000%7-day average −0.039% · 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−$72as in the Price arb table

costs, in and out, $10k−$750.755% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now 0.000%, 7d avg −0.039%

Together, before fees−0.105%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.039% dearer against Binance than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.039%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 5 days (−0.008% in total) that is about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIPPINUSDT	0.01909	0.0100	pay 0.0050% / 4h	2h 01m	$5.4M	$4.8M	25x
Short	Aster PIPPINUSDT	0.01909	−0.0008	pay 0.0004% / 4h	2h 01m	$111K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$22.76
Price spread: 0.000% → −0.039%: $3.89
Slippage, 4 orders: −$57.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$94.35
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Aster: live order book, 65 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 Binance live order book, 7 min ago	2.61 bp	23.4 bp −$23	228.2 bp −$2,282	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	7.81 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

PIPPIN on 12 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 PIPPINUSDTshort	−0.0008%	4h	0.01909	0.000%	$111K	$33K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01909	+0.011%	$18K	$9K	3x	as long as short
Binance PIPPINUSDTlong	+0.0100%	4h	0.01909	long leg	$5.4M	$4.8M	25x
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01909	+0.011%	$1.6M	$3.2M	20x	as long as short
Gate PIPPIN_USDT	+0.0100%	4h	0.01908	−0.042%	$1.8M	$308K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01908	−0.042%	$2.5M	$746K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01907	−0.094%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01894	−0.775%	$34K	$13K	20x	as long as short
Bybit PIPPINUSDT	+0.0122%	4h	0.01911	+0.115%	$3.7M	$1.4M	13x	as long as short
KuCoin PIPPINUSDTM	+0.1656%	4h	0.01910	+0.063%	$2.1M	$4.6M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.2016%	4h	0.01910	+0.063%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2072%	4h	0.01909	+0.011%	$1.6M	$327K	10x	as long as short