PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h +0.036%

Price spread now: Aster against Bybit+0.069%7-day average −0.154% · 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−$62as in the Price arb table

costs, in and out, $10k−$850.847% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.353%−$35 · spread now +0.069%, 7d avg −0.154%

Together, before fees−0.255%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.223% dearer against Bybit than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.154%): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.1 days. Mind the row above: over the last 5 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIPPINUSDT	0.01906	0.0221	pay 0.0111% / 4h	2h 43m	$3.7M	$1.4M	13x
Short	Aster PIPPINUSDT	0.01907	0.0100	get 0.0050% / 4h	2h 43m	$111K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$25.48
Price spread: +0.069% → −0.154%: $22.26
Slippage, 4 orders: −$65.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$87.95
Costs to cover: 0.847%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 23 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 Bybit live order book, 4 min ago	2.62 bp	28.3 bp −$28	238.8 bp −$2,388	doesn't fit	doesn't fit
Sell Aster live order book, 23 min ago	7.81 bp	15.6 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
BloFin PIPPIN-USDT	+0.0081%	4h	0.01904	−0.105%	$255K	$29K	25x	as long as short
Aster PIPPINUSDTshort	+0.0100%	4h	0.01907	+0.069%	$111K	$33K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01909	+0.157%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01908	+0.122%	$5.4M	$4.8M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01905	−0.052%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01908	+0.105%	$2.4M	$741K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01910	+0.210%	$2K	$10.0M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01894	−0.630%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDTlong	+0.0221%	4h	0.01906	long leg	$3.7M	$1.4M	13x
Gate PIPPIN_USDT	+0.0424%	4h	0.01907	+0.052%	$1.8M	$301K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1622%	4h	0.01907	+0.052%	$2.1M	$4.4M	25x	as long as short
BingX PIPPIN-USDT	+0.1950%	4h	0.01907	+0.052%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2068%	4h	0.01904	−0.105%	$1.6M	$328K	10x	as long as short