PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0140%/8h= −15.4% APRnext payment −$0.70 per $10,000 · paid last 24h +0.031%

Price spread now: Aster against OKX+0.365%7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.631%−$63 · spread now +0.365%, 7d avg −0.125%

Together, before fees−0.789%+ Points / potential airdropAster: Stage 5 · farm board−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.490% dearer against OKX than usual: you sell high and buy low (spread +0.365% now, against its 7-day average of −0.125%): +$49 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIPPIN-USDT-SWAP	0.01898	0.0240	pay 0.0120% / 4h	1h 07m	$1.5M	$3.3M	20x
Short	Aster PIPPINUSDT	0.01905	0.0100	get 0.0050% / 4h	1h 07m	$111K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.365%Rate

Funding earned: −$29.49
Price spread: +0.365% → −0.125%: $49.04
Slippage, 4 orders: −$57.45
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$55.89
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Aster: live order book, 53 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 OKX live order book, 4 min ago	5.26 bp	22.7 bp −$23	153.0 bp −$1,530	doesn't fit	doesn't fit
Sell Aster live order book, 53 min ago	5.24 bp	13.8 bp −$14	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
Pacifica PIPPIN	−0.0778%	1h	0.01901	+0.169%	$18K	$9K	3x	as long as short
Aster PIPPINUSDTshort	+0.0100%	4h	0.01905	+0.365%	$111K	$33K	5x
SunX PIPPIN-USDT	+0.0100%	4h	0.01898	0.000%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01884	−0.738%	$34K	$14K	20x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01901	+0.158%	$3.6M	$1.4M	13x	as long as short
Binance PIPPINUSDT	+0.0110%	4h	0.01900	+0.080%	$5.4M	$4.8M	25x	as long as short
MEXC PIPPIN_USDT	+0.0118%	4h	0.01899	+0.053%	$2.4M	$729K	50x	as long as short
BloFin PIPPIN-USDT	+0.0164%	4h	0.01904	+0.316%	$251K	$25K	25x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0240%	4h	0.01898	long leg	$1.5M	$3.3M	20x
Gate PIPPIN_USDT	+0.0416%	4h	0.01900	+0.105%	$1.8M	$304K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1224%	4h	0.01901	+0.158%	$2.1M	$4.9M	25x	as long as short
BingX PIPPIN-USDT	+0.1447%	4h	0.01900	+0.105%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1458%	4h	0.01901	+0.158%	$1.6M	$320K	10x	as long as short