PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1070%/8h= +117.2% APRnext payment +$5.35 per $10,000 · paid last 24h +0.105%

Price spread now: KuCoin against Binance+0.016%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$356as in the Price arb table

costs, in and out, $10k−$3493.493% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.576%+$58 on $10k

Price spread, last 7 days+0.100%+$10 · spread now +0.016%, 7d avg +0.083%

Together, before fees+0.676%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.066% cheaper against Binance than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.083%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.576% in total) that is about 19 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.576% in total (about 30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.35 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	Binance PIPPINUSDT	0.01933	0.0100	pay 0.0050% / 4h	1h 41m	$5.5M	$5.2M	25x
Short	KuCoin PIPPINUSDTM	0.01933	0.1170	get 0.0585% / 4h	1h 41m	$2.2M	$5.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $224.7
Price spread: +0.016% → +0.083%: −$6.63
Slippage, 4 orders: −$327.29
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$131.22
Costs to cover: 3.493%
Break-even: 11.1 days

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 7 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, 12 min ago	2.61 bp	20.6 bp −$21	239.3 bp −$2,393	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	7.78 bp	56.3 bp −$56	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	0.01929	−0.187%	$113K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01929	−0.191%	$18K	$9K	3x	as long as short
Binance PIPPINUSDTlong	+0.0100%	4h	0.01933	long leg	$5.5M	$5.2M	25x
MEXC PIPPIN_USDT	+0.0100%	4h	0.01931	−0.087%	$2.6M	$730K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01937	+0.223%	$752	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01913	−1.018%	$35K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0100%	4h	0.01929	−0.191%	$257K	$27K	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0470%	4h	0.01933	+0.016%	$1.6M	$3.5M	20x	as long as short
Gate PIPPIN_USDT	+0.0524%	4h	0.01931	−0.087%	$1.8M	$325K	20x	as long as short
Bybit PIPPINUSDT	+0.0779%	4h	0.01933	+0.016%	$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	+0.0954%	4h	0.01929	−0.191%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1014%	4h	0.01932	−0.035%	$1.6M	$321K	10x	as long as short
KuCoin PIPPINUSDTMshort	+0.1170%	4h	0.01933	+0.016%	$2.2M	$5.9M	25x