PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1528%/8h= −167.3% APRnext payment −$7.64 per $10,000 · paid last 24h −0.102%

Price spread now: MEXC against KuCoin−0.052%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2402.399% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.553%−$55 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.052%, 7d avg −0.096%

Together, before fees−0.540%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.096%): +$4 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.553% in total) that is about 13 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.553% in total (about -28.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.64 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIPPINUSDTM	0.01913	0.1628	pay 0.0814% / 4h	2h 34m	$2.1M	$4.5M	25x
Short	MEXC PIPPIN_USDT	0.01912	0.0100	get 0.0050% / 4h	2h 34m	$2.5M	$742K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$320.88
Price spread: −0.052% → −0.096%: $4.32
Slippage, 4 orders: −$227.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$556.49
Costs to cover: 2.399%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; MEXC: live order book, 2 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 KuCoin live order book, 8 min ago	5.25 bp	136.8 bp −$137	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.61 bp	24.8 bp −$25	140.0 bp −$1,400	231.1 bp −$23.1K	449.6 bp −$224.8K

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	+0.0081%	4h	0.01904	−0.470%	$255K	$29K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01917	+0.187%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01913	−0.010%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01912	−0.027%	$5.4M	$4.8M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01914	+0.052%	$1.5M	$3.2M	20x	as long as short
MEXC PIPPIN_USDTshort	+0.0100%	4h	0.01912	−0.052%	$2.5M	$742K	50x
SunX PIPPIN-USDT	+0.0100%	4h	0.01914	+0.052%	$854	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01896	−0.889%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDT	+0.0288%	4h	0.01914	+0.052%	$3.7M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0306%	4h	0.01914	+0.052%	$1.8M	$302K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTMlong	+0.1628%	4h	0.01913	long leg	$2.1M	$4.5M	25x
BingX PIPPIN-USDT	+0.1936%	4h	0.01912	−0.052%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2126%	4h	0.01914	+0.052%	$1.6M	$329K	10x	as long as short