PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.58 per $10,000 · paid last 24h −0.028%

Price spread now: OKX against Gate+0.106%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$888as in the Funding arb table

Net, price: spread back to 7d avg − costs−$911as in the Price arb table

costs, in and out, $10k−$9139.135% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$25 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.106%, 7d avg +0.081%

Together, before fees+0.207%+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.025% dearer against Gate than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.081%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.255%, 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	0.01878	0.0216	pay 0.0108% / 4h	1h 06m	$1.8M	$288K	20x
Short	OKX PIPPIN-USDT-SWAP	0.01880	0.0100	get 0.0050% / 4h	1h 06m	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$24.36
Price spread: +0.106% → +0.081%: $2.51
Slippage, 4 orders: −$888.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$935.34
Costs to cover: 9.135%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: 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, 4 min ago	2.66 bp	273.6 bp −$274	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.66 bp	21.3 bp −$21	144.0 bp −$1,440	doesn't fit	doesn't fit

PIPPIN on 13 exchanges

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
Bitget PIPPINUSDT	+0.0092%	4h	0.01882	+0.213%	$1.6M	$262K	10x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01882	+0.213%	$3.6M	$1.3M	13x	as long as short
OKX PIPPIN-USDT-SWAPshort	+0.0100%	4h	0.01880	+0.106%	$1.4M	$2.8M	20x
KuCoin PIPPINUSDTM	+0.0100%	4h	0.01881	+0.160%	$2.1M	$7.0M	25x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01882	+0.213%	$3K	$9.0M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01869	−0.479%	$34K	$5K	20x	as long as short
Pacifica PIPPIN	+0.0148%	1h	0.01879	+0.069%	$17K	$4K	3x	as long as short
Gate PIPPIN_USDTlong	+0.0216%	4h	0.01878	long leg	$1.8M	$288K	20x
Aster PIPPINUSDT	+0.0367%	4h	0.01876	−0.110%	$109K	$34K	5x	as long as short
Binance PIPPINUSDT	+0.0470%	4h	0.01880	+0.106%	$5.3M	$4.6M	25x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PIPPIN-USDT	+0.0488%	4h	0.01878	0.000%	$253K	$31K	25x	as long as short
MEXC PIPPIN_USDT	+0.0506%	4h	0.01879	+0.053%	$2.8M	$789K	50x	as long as short
BingX PIPPIN-USDT	+0.0538%	4h	0.01881	+0.160%	—	$1.3M	—	as long as short