PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0378%/8h= −41.4% APRnext payment −$1.89 per $10,000 · paid last 24h −0.150%

Price spread now: SunX against KuCoin+0.105%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$989as in the Funding arb table

Net, price: spread back to 7d avg − costs−$882as in the Price arb table

costs, in and out, $10k−$8898.891% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.999%−$100 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.105%, 7d avg +0.031%

Together, before fees−1.105%−$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.074% dearer against KuCoin than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.031%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIPPINUSDTM	0.01900	0.0478	pay 0.0239% / 4h	2h 53m	$2.1M	$6.6M	25x
Short	SunX PIPPIN-USDT	0.01902	0.0100	get 0.0050% / 4h	2h 53m	$888	$10.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$79.38
Price spread: +0.105% → +0.031%: $7.41
Slippage, 4 orders: −$869.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$961.08
Costs to cover: 8.891%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; SunX: live order book, 5 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, 4 min ago	5.22 bp	276.8 bp −$277	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	18.28 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit

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-USDTshort	+0.0100%	4h	0.01902	+0.105%	$888	$10.1M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01894	−0.316%	$34K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0127%	4h	0.01899	−0.053%	$1.5M	$3.4M	20x	as long as short
Bitget PIPPINUSDT	+0.0150%	4h	0.01901	+0.053%	$1.6M	$323K	10x	as long as short
Aster PIPPINUSDT	+0.0342%	4h	0.01897	−0.150%	$111K	$35K	5x	as long as short
Bybit PIPPINUSDT	+0.0393%	4h	0.01899	−0.053%	$3.6M	$1.5M	13x	as long as short
Pacifica PIPPIN	+0.0410%	1h	0.01900	−0.026%	$18K	$5K	3x	as long as short
BloFin PIPPIN-USDT	+0.0470%	4h	0.01912	+0.632%	$254K	$32K	25x	as long as short
KuCoin PIPPINUSDTMlong	+0.0478%	4h	0.01900	long leg	$2.1M	$6.6M	25x
BingX PIPPIN-USDT	+0.0484%	4h	0.01901	+0.053%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIPPINUSDT	+0.0512%	4h	0.01897	−0.150%	$5.4M	$5.2M	25x	as long as short
MEXC PIPPIN_USDT	+0.0518%	4h	0.01898	−0.105%	$3.0M	$796K	50x	as long as short
Gate PIPPIN_USDT	+0.0896%	4h	0.01898	−0.105%	$1.8M	$288K	20x	as long as short