PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.202%

Price spread now: HTX against BloFin−0.631%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.631% cheaper against BloFin than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PIPPIN-USDT	0.01902	0.0152	pay 0.0076% / 4h	36m 19s	$251K	$28K	25x
Short	HTX PIPPIN-USDT	0.01890	0.0100	get 0.0050% / 4h	36m 19s	$34K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now −0.631%Rate

Funding earned: −$11.02
Price spread: −0.631% → 0.000%: −$63.09
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$98.11
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 35 min ago; HTX: no order-book sample. Net counts fees only.

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 BloFin live order book, 35 min ago	2.64 bp	22.4 bp −$22	85.8 bp −$858	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01898	−0.203%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01899	−0.158%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01899	−0.158%	$5.3M	$4.6M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01898	−0.210%	$2.5M	$761K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01901	−0.053%	$2K	$9.8M	20x	as long as short
HTX PIPPIN-USDTshort	+0.0100%	4h	0.01890	−0.631%	$34K	$16K	20x
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01901	−0.053%	$1.6M	$3.2M	20x	as long as short
BloFin PIPPIN-USDTlong	+0.0152%	4h	0.01902	long leg	$251K	$28K	25x
Gate PIPPIN_USDT	+0.0506%	4h	0.01900	−0.105%	$1.8M	$305K	20x	as long as short
Bybit PIPPINUSDT	+0.0556%	4h	0.01901	−0.053%	$3.7M	$1.4M	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	+0.0660%	4h	0.01900	−0.105%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0702%	4h	0.01901	−0.053%	$1.6M	$333K	10x	as long as short
KuCoin PIPPINUSDTM	+0.0876%	4h	0.01902	0.000%	$2.1M	$3.7M	25x	as long as short