PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.8% APRnext payment −$0.86 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against Gate+0.078%7-day average −0.010% · 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−$794as in the Price arb table

costs, in and out, $10k−$8038.025% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.078%, 7d avg −0.010%

Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.088% dearer against Gate than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.010%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 6 days funding on this pair paid +0.075%, 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	Gate PIPPIN_USDT	0.01913	0.0272	pay 0.0136% / 4h	40m 11s	$1.8M	$328K	20x
Short	Aster PIPPINUSDT	0.01914	0.0100	get 0.0050% / 4h	40m 11s	$112K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$36.12
Price spread: +0.078% → −0.010%: $8.83
Slippage, 4 orders: −$779.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$829.83
Costs to cover: 8.025%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Aster: live order book, 61 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 Gate live order book, 2 min ago	5.21 bp	140.0 bp −$140	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	5.18 bp	18.2 bp −$18	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	0.01914	+0.078%	$112K	$35K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01916	+0.157%	$18K	$5K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01914	+0.052%	$5.4M	$5.3M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01915	+0.105%	$2.7M	$758K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01918	+0.261%	$664	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01910	−0.157%	$35K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0105%	4h	0.01921	+0.418%	$256K	$27K	25x	as long as short
Bybit PIPPINUSDT	+0.0173%	4h	0.01914	+0.052%	$3.7M	$1.5M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0244%	4h	0.01914	+0.052%	$1.5M	$3.5M	20x	as long as short
Gate PIPPIN_USDTlong	+0.0272%	4h	0.01913	long leg	$1.8M	$328K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0802%	4h	0.01918	+0.261%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0806%	4h	0.01917	+0.209%	$1.6M	$323K	10x	as long as short
KuCoin PIPPINUSDTM	+0.0850%	4h	0.01916	+0.157%	$2.1M	$6.2M	25x	as long as short