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 +0.121%

Price spread now: KuCoin against OKX−0.156%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2542.537% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.431%+$43 on $10k

Price spread, last 7 days+0.185%+$19 · spread now −0.156%, 7d avg −0.016%

Together, before fees+0.616%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.141% cheaper against OKX than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.016%). If the spread goes back, that is −$14 on $10k: about 7 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.431% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.431% in total (about 22.5% 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	OKX PIPPIN-USDT-SWAP	0.01920	0.0100	pay 0.0050% / 4h	2h 36m	$1.6M	$3.2M	20x
Short	KuCoin PIPPINUSDTM	0.01917	0.1628	get 0.0814% / 4h	2h 36m	$2.1M	$4.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.156%Rate

Funding earned: $320.88
Price spread: −0.156% → −0.016%: −$14.07
Slippage, 4 orders: −$231.72
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $53.09
Costs to cover: 2.537%
Break-even: 5.8 days

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	5.22 bp	25.6 bp −$26	152.6 bp −$1,526	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	5.25 bp	69.7 bp −$70	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
BloFin PIPPIN-USDT	+0.0081%	4h	0.01904	−0.833%	$255K	$29K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01916	−0.212%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01917	−0.182%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01920	−0.010%	$5.4M	$4.8M	25x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0100%	4h	0.01920	long leg	$1.6M	$3.2M	20x
MEXC PIPPIN_USDT	+0.0100%	4h	0.01917	−0.156%	$2.5M	$742K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01921	+0.052%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01902	−0.938%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDT	+0.0350%	4h	0.01921	+0.052%	$3.7M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0350%	4h	0.01918	−0.104%	$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 PIPPINUSDTMshort	+0.1628%	4h	0.01917	−0.156%	$2.1M	$4.5M	25x
BingX PIPPIN-USDT	+0.1936%	4h	0.01918	−0.104%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2086%	4h	0.01919	−0.052%	$1.6M	$329K	10x	as long as short