PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0336%/8h= +36.8% APRnext payment +$1.68 per $10,000 · paid last 24h +0.053%

Price spread now: Bybit against HTX+0.422%7-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 Bybit

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 +$10 a day on $10k at the current rate, and Bybit is 0.422% dearer against HTX than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PIPPIN-USDT	0.01894	0.0100	pay 0.0050% / 4h	2h 55m	$34K	$14K	20x
Short	Bybit PIPPINUSDT	0.01902	0.0436	get 0.0218% / 4h	2h 55m	$3.6M	$1.5M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.422%Rate

Funding earned: $70.6
Price spread: +0.422% → 0.000%: $42.24
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $89.84
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	5.21 bp	28.9 bp −$29	164.4 bp −$1,644	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 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
SunX PIPPIN-USDT	+0.0100%	4h	0.01905	+0.581%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDTlong	+0.0100%	4h	0.01894	long leg	$34K	$14K	20x
OKX PIPPIN-USDT-SWAP	+0.0133%	4h	0.01900	+0.317%	$1.5M	$3.4M	20x	as long as short
Bitget PIPPINUSDT	+0.0160%	4h	0.01904	+0.528%	$1.6M	$323K	10x	as long as short
Aster PIPPINUSDT	+0.0351%	4h	0.01909	+0.792%	$111K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0410%	1h	0.01909	+0.781%	$18K	$5K	3x	as long as short
Bybit PIPPINUSDTshort	+0.0436%	4h	0.01902	+0.422%	$3.6M	$1.5M	13x
BloFin PIPPIN-USDT	+0.0470%	4h	0.01912	+0.950%	$254K	$32K	25x	as long as short
BingX PIPPIN-USDT	+0.0484%	4h	0.01902	+0.422%	—	$1.4M	—	as long as short
KuCoin PIPPINUSDTM	+0.0488%	4h	0.01903	+0.475%	$2.1M	$6.6M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIPPIN_USDT	+0.0518%	4h	0.01901	+0.370%	$3.0M	$796K	50x	as long as short
Binance PIPPINUSDT	+0.0518%	4h	0.01902	+0.411%	$5.4M	$5.2M	25x	as long as short
Gate PIPPIN_USDT	+0.0954%	4h	0.01904	+0.528%	$1.8M	$288K	20x	as long as short