PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0642%/8h= −70.3% APRnext payment −$3.21 per $10,000 · paid last 24h +0.104%

Price spread now: KuCoin against MEXC+0.106%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1861.857% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.582%+$58 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.106%, 7d avg +0.095%

Together, before fees+0.584%+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.095%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.582%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01890	0.0904	pay 0.0452% / 4h	1h 44m	$2.9M	$732K	50x
Short	KuCoin PIPPINUSDTM	0.01892	0.0262	get 0.0131% / 4h	1h 44m	$2.1M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$134.82
Price spread: +0.106% → +0.095%: $1.07
Slippage, 4 orders: −$173.66
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$319.41
Costs to cover: 1.857%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; KuCoin: live order book, 1 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 MEXC live order book, 6 min ago	2.64 bp	13.5 bp −$13	114.0 bp −$1,140	218.1 bp −$21.8K	398.7 bp −$199.3K
Sell KuCoin live order book, 1 min ago	7.93 bp	52.5 bp −$52	doesn't fit	doesn't fit	doesn't fit

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	0.01893	+0.159%	$1.6M	$261K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01892	+0.106%	$2K	$9.0M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01885	−0.265%	$34K	$5K	20x	as long as short
Bybit PIPPINUSDT	+0.0101%	4h	0.01892	+0.106%	$3.6M	$1.3M	13x	as long as short
Pacifica PIPPIN	+0.0148%	1h	0.01890	+0.021%	$18K	$4K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0166%	4h	0.01891	+0.053%	$1.5M	$2.7M	20x	as long as short
KuCoin PIPPINUSDTMshort	+0.0262%	4h	0.01892	+0.106%	$2.1M	$6.8M	25x
Gate PIPPIN_USDT	+0.0542%	4h	0.01890	0.000%	$1.8M	$283K	20x	as long as short
Aster PIPPINUSDT	+0.0873%	4h	0.01890	+0.022%	$110K	$35K	5x	as long as short
Binance PIPPINUSDT	+0.0893%	4h	0.01890	+0.022%	$5.4M	$4.5M	25x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0894%	4h	0.01897	+0.370%	—	$1.3M	—	as long as short
MEXC PIPPIN_USDTlong	+0.0904%	4h	0.01890	long leg	$2.9M	$732K	50x
BloFin PIPPIN-USDT	+0.0940%	4h	0.01893	+0.159%	$255K	$31K	25x	as long as short