PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0855%/8h= +93.6% APRnext payment +$4.28 per $10,000 · paid last 24h +0.043%

Price spread now: Binance against HTX+0.556%53s7-day average — · you sell dearer than you buy

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

Long on HTX Short on Binance

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 for this trade now. Funding pays +$26 a day on $10k at the current rate, and Binance is 0.556% dearer against HTX than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PIPPIN-USDT	0.01890	0.0100	pay 0.0050% / 4h	1h 55m	$34K	$5K	20x
Short	Binance PIPPINUSDT	0.01901	0.0955	get 0.0478% / 4h	1h 55m	$5.4M	$4.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now +0.556%Rate

Funding earned: $179.56
Price spread: +0.556% → 0.000%: $55.57
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $213.12
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Binance: live order book, 5 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	2.63 bp	21.8 bp −$22	153.4 bp −$1,534	doesn't fit	doesn't fit

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 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	+0.0100%	4h	0.01902	+0.635%	$1.6M	$264K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01903	+0.688%	$2K	$9.1M	20x	as long as short
HTX PIPPIN-USDTlong	+0.0100%	4h	0.01890	long leg	$34K	$5K	20x
Pacifica PIPPIN	+0.0148%	1h	0.01900	+0.529%	$18K	$4K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0220%	4h	0.01901	+0.582%	$1.5M	$2.8M	20x	as long as short
Bybit PIPPINUSDT	+0.0266%	4h	0.01902	+0.635%	$3.6M	$1.3M	13x	as long as short
KuCoin PIPPINUSDTM	+0.0370%	4h	0.01902	+0.635%	$2.1M	$6.8M	25x	as long as short
Gate PIPPIN_USDT	+0.0746%	4h	0.01900	+0.529%	$1.8M	$283K	20x	as long as short
BingX PIPPIN-USDT	+0.0856%	4h	0.01901	+0.582%	—	$1.3M	—	as long as short
Aster PIPPINUSDT	+0.0914%	4h	0.01901	+0.567%	$111K	$35K	5x	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	+0.0936%	4h	0.01900	+0.529%	$254K	$31K	25x	as long as short
MEXC PIPPIN_USDT	+0.0942%	4h	0.01900	+0.529%	$3.0M	$725K	50x	as long as short
Binance PIPPINUSDTshort	+0.0955%	4h	0.01901	+0.556%	$5.4M	$4.5M	25x