PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0736%/8h= +80.6% APRnext payment +$3.68 per $10,000 · paid last 24h +0.082%

Price spread now: KuCoin against Gate0.000%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$573as in the Funding arb table

Net, price: spread back to 7d avg − costs−$651as in the Price arb table

costs, in and out, $10k−$6446.442% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.708%+$71 on $10k

Price spread, last 7 days+0.117%+$12 · spread now 0.000%, 7d avg +0.065%

Together, before fees+0.825%+$83 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.065% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.065%). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.708% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIPPIN_USDT	0.01928	0.0512	pay 0.0256% / 4h	2h 04m	$1.8M	$326K	20x
Short	KuCoin PIPPINUSDTM	0.01928	0.1248	get 0.0624% / 4h	2h 04m	$2.2M	$5.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $154.56
Price spread: 0.000% → +0.065%: −$6.53
Slippage, 4 orders: −$617.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$496.21
Costs to cover: 6.442%
Break-even: 29.5 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 3 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, 3 min ago	5.19 bp	112.5 bp −$113	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	7.78 bp	30.3 bp −$30	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	+0.0100%	4h	0.01929	+0.052%	$255K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01927	−0.031%	$112K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01926	−0.104%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01926	−0.104%	$5.5M	$5.2M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01925	−0.156%	$2.6M	$753K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01926	−0.104%	$926	$10.3M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01914	−0.726%	$35K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0447%	4h	0.01928	0.000%	$1.6M	$3.5M	20x	as long as short
Gate PIPPIN_USDTlong	+0.0512%	4h	0.01928	long leg	$1.8M	$326K	20x
Bybit PIPPINUSDT	+0.0813%	4h	0.01929	+0.052%	$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	+0.0938%	4h	0.01926	−0.104%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1146%	4h	0.01928	0.000%	$1.6M	$319K	10x	as long as short
KuCoin PIPPINUSDTMshort	+0.1248%	4h	0.01928	0.000%	$2.2M	$5.8M	25x