PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.48 per $10,000 · paid last 24h −0.052%

Price spread now: SunX against OKX+0.052%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1661.656% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.551%−$55 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.052%, 7d avg +0.002%

Together, before fees−0.712%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.051% dearer against OKX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.002%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.551% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIPPIN-USDT-SWAP	0.01911	0.0197	pay 0.0098% / 4h	3h 16m	$1.5M	$3.5M	20x
Short	SunX PIPPIN-USDT	0.01912	0.0100	get 0.0050% / 4h	3h 16m	$2K	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$20.36
Price spread: +0.052% → +0.002%: $5.07
Slippage, 4 orders: −$147.57
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$180.86
Costs to cover: 1.656%
Break-even: never at this rate

Slippage from OKX: live order book, just now; SunX: live order book, 12 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, just now	5.24 bp	21.2 bp −$21	164.8 bp −$1,648	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	18.48 bp	65.0 bp −$65	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	+0.0048%	4h	0.01906	−0.262%	$254K	$32K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01903	−0.419%	$111K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01907	−0.209%	$18K	$5K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01910	−0.052%	$5.4M	$5.3M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01909	−0.105%	$2.7M	$789K	50x	as long as short
SunX PIPPIN-USDTshort	+0.0100%	4h	0.01912	+0.052%	$2K	$10.4M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01895	−0.837%	$34K	$14K	20x	as long as short
Bitget PIPPINUSDT	+0.0126%	4h	0.01906	−0.262%	$1.6M	$334K	10x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0197%	4h	0.01911	long leg	$1.5M	$3.5M	20x
KuCoin PIPPINUSDTM	+0.0400%	4h	0.01911	0.000%	$2.1M	$6.6M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0468%	4h	0.01910	−0.052%	—	$1.4M	—	as long as short
Bybit PIPPINUSDT	+0.0545%	4h	0.01911	0.000%	$3.7M	$1.5M	13x	as long as short
Gate PIPPIN_USDT	+0.0746%	4h	0.01907	−0.209%	$1.8M	$322K	20x	as long as short