PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0206%/8h= +22.6% APRnext payment +$1.03 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against Aster−0.124%7-day average +0.020% · 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−$755as in the Price arb table

costs, in and out, $10k−$7417.406% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.124%, 7d avg +0.020%

Together, before fees+0.078%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.144% cheaper against Aster than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of +0.020%). If the spread goes back, that is −$14 on $10k: about 2.3 days of funding at the current rate (+$6 a day). Mind the row above: over the last 5 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.083% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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	0.01914	0.0100	pay 0.0050% / 4h	2h 24m	$111K	$33K	5x
Short	Gate PIPPIN_USDT	0.01912	0.0306	get 0.0153% / 4h	2h 24m	$1.8M	$305K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.124%Rate

Funding earned: $43.26
Price spread: −0.124% → +0.020%: −$14.37
Slippage, 4 orders: −$717.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$711.69
Costs to cover: 7.406%
Break-even: 122.2 days

Slippage from Aster: live order book, 42 min ago; Gate: live order book, 3 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, 42 min ago	7.81 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.22 bp	552.5 bp −$552	doesn't fit	doesn't fit	doesn't fit

PIPPIN on 12 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	0.01914	long leg	$111K	$33K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01913	−0.072%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01912	−0.122%	$5.4M	$4.8M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01916	+0.085%	$1.5M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01912	−0.124%	$2.5M	$744K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01915	+0.033%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01903	−0.594%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDT	+0.0290%	4h	0.01915	+0.033%	$3.7M	$1.4M	13x	as long as short
Gate PIPPIN_USDTshort	+0.0306%	4h	0.01912	−0.124%	$1.8M	$305K	20x
KuCoin PIPPINUSDTM	+0.1724%	4h	0.01914	−0.019%	$2.1M	$4.5M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.2044%	4h	0.01911	−0.176%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2226%	4h	0.01914	−0.019%	$1.6M	$328K	10x	as long as short