Funding you earn now, next payment 04:00 UTC−0.1380%/8h= −151.1% APRnext payment −$6.90 per $10,000 · paid last 24h −0.258%
Price spread now: HTX against KuCoin−0.211%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$41 a day on $10k at the current rate, and HTX is 0.211% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PIPPINUSDTM | 0.01900 | 0.1480 | pay 0.0740% / 4h | 1h 50m | $2.1M | $4.7M | 25x |
| Short | HTX PIPPIN-USDT | 0.01896 | 0.0100 | get 0.0050% / 4h | 1h 50m | $34K | $13K | 20x |
KuCoin PIPPINUSDTM
HTX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$289.8
- Price spread: −0.211% → 0.000%
- −$21.05
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$334.85
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 2 min ago; HTX: no order-book sample. 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 KuCoin live order book, 2 min ago | 2.62 bp | 285.0 bp −$285 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
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 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PIPPIN | −0.0778% | 1h | 0.01901 | +0.026% | $18K | $9K | 3x | as long as short |
| Aster PIPPINUSDT | −0.0019% | 4h | 0.01900 | −0.021% | $110K | $33K | 5x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01899 | −0.065% | $5.4M | $4.8M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01900 | 0.000% | $3.6M | $1.4M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01899 | −0.053% | $1.5M | $3.2M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01899 | −0.053% | $1.8M | $301K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01898 | −0.105% | $2.4M | $724K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01898 | −0.105% | $1K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDTshort | +0.0100% | 4h | 0.01896 | −0.211% | $34K | $13K | 20x | |
| KuCoin PIPPINUSDTMlong | +0.1480% | 4h | 0.01900 | long leg | $2.1M | $4.7M | 25x |
Pacifica PIPPIN
Aster PIPPINUSDT
Binance PIPPINUSDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.1850% | 4h | 0.01899 | −0.053% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.1868% | 4h | 0.01899 | −0.053% | $1.6M | $325K | 10x | as long as short |
BingX PIPPIN-USDT
Bitget PIPPINUSDT