Funding you earn now, next payment 08:00 UTC−0.0642%/8h= −70.3% APRnext payment −$3.21 per $10,000 · paid last 24h +0.005%
Price spread now: Aster against Bitget+0.222%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−$50as in the Price arb table
costs, in and out, $10k−$810.805% of the position
Funding, last 6 days (all we have)−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)−0.595%−$59 · spread now +0.222%, 7d avg −0.083%
=Together, before fees−0.693%+ Points / potential airdropAster: Stage 5 · farm board−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.306% dearer against Bitget than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of −0.083%): +$31 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 6 days (−0.098% in total) that is about 17 days.
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 −$3.21 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 | Bitget PIPPINUSDT | 0.01901 | 0.0742 | pay 0.0371% / 4h | 3h 02m | $1.6M | $305K | 10x |
| Short | Aster PIPPINUSDT | 0.01905 | 0.0100 | get 0.0050% / 4h | 3h 02m | $111K | $33K | 5x |
Bitget PIPPINUSDT
Aster PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bitget. 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
- −$134.82
- Price spread: +0.222% → −0.083%
- $30.55
- Slippage, 4 orders
- −$60.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$184.78
- Costs to cover
- 0.805%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Aster: live order book, 48 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 Bitget live order book, 4 min ago | 7.87 bp | 23.6 bp −$24 | 389.9 bp −$3,899 | doesn't fit | doesn't fit |
| Sell Aster live order book, 48 min ago | 5.25 bp | 16.2 bp −$16 | 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 PIPPINUSDTshort | +0.0100% | 4h | 0.01905 | +0.222% | $111K | $33K | 5x | |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01901 | +0.011% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01900 | −0.053% | $5.4M | $5.0M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01899 | −0.105% | $2.5M | $715K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01897 | −0.210% | $2K | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01890 | −0.579% | $34K | $14K | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0125% | 4h | 0.01900 | −0.053% | $252K | $26K | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0148% | 4h | 0.01901 | 0.000% | $1.8M | $318K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0253% | 4h | 0.01900 | −0.053% | $1.5M | $3.3M | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0666% | 4h | 0.01902 | +0.053% | $3.6M | $1.4M | 13x | as long as short |
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAP
Bybit PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0712% | 4h | 0.01901 | 0.000% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDTlong | +0.0742% | 4h | 0.01901 | long leg | $1.6M | $305K | 10x | |
| KuCoin PIPPINUSDTM | +0.1070% | 4h | 0.01901 | 0.000% | $2.1M | $5.5M | 25x | as long as short |
BingX PIPPIN-USDT
KuCoin PIPPINUSDTM