PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0272%/8h= +29.8% APRnext payment +$1.36 per $10,000 · paid last 24h −0.020%

Price spread now: Bitget against Aster−0.104%7-day average +0.085% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.476%+$48 · spread now −0.104%, 7d avg +0.085%

Together, before fees+0.506%+ Points / potential airdropAster: Stage 5 · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.189% cheaper against Aster than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.085%). If the spread goes back, that is −$19 on $10k: about 2.3 days of funding at the current rate (+$8 a day). At the pace of the last 5 days (+0.030% in total) that is about 34 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.030% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.36 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	Aster PIPPINUSDT	0.01904	0.0100	pay 0.0050% / 4h	52m 11s	$111K	$34K	5x
Short	Bitget PIPPINUSDT	0.01902	0.0372	get 0.0186% / 4h	52m 11s	$1.6M	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now −0.104%Rate

Funding earned: $57.12
Price spread: −0.104% → +0.085%: −$18.9
Slippage, 4 orders: −$63.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.57
Costs to cover: 0.838%
Break-even: 12.6 days

Slippage from Aster: live order book, 23 min ago; Bitget: live order book, 4 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 Aster live order book, 23 min ago	5.28 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	7.86 bp	29.8 bp −$30	213.9 bp −$2,139	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
Aster PIPPINUSDTlong	+0.0100%	4h	0.01904	long leg	$111K	$34K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01909	+0.264%	$18K	$9K	3x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01910	+0.316%	$810	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01886	−0.944%	$34K	$16K	20x	as long as short
BloFin PIPPIN-USDT	+0.0112%	4h	0.01910	+0.316%	$250K	$28K	25x	as long as short
MEXC PIPPIN_USDT	+0.0148%	4h	0.01908	+0.211%	$2.5M	$753K	50x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0149%	4h	0.01910	+0.316%	$1.6M	$3.2M	20x	as long as short
Binance PIPPINUSDT	+0.0156%	4h	0.01908	+0.211%	$5.4M	$4.6M	25x	as long as short
Bitget PIPPINUSDTshort	+0.0372%	4h	0.01902	−0.104%	$1.6M	$333K	10x
Gate PIPPIN_USDT	+0.0616%	4h	0.01911	+0.369%	$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
BingX PIPPIN-USDT	+0.0646%	4h	0.01903	−0.051%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0720%	4h	0.01909	+0.264%	$3.7M	$1.4M	13x	as long as short
KuCoin PIPPINUSDTM	+0.0752%	4h	0.01911	+0.369%	$2.1M	$3.6M	25x	as long as short