PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1046%/8h= +114.5% APRnext payment +$5.23 per $10,000 · paid last 24h +0.091%

Price spread now: KuCoin against Aster+0.282%7-day average +0.076% · 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−$85as in the Price arb table

costs, in and out, $10k−$1061.059% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.458%+$46 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.282%, 7d avg +0.076%

Together, before fees+0.383%+ Points / potential airdropAster: Stage 5 · farm board+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and KuCoin is 0.206% dearer against Aster than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.076%.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.458% in total (about 29.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.23 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	0.01915	0.0100	pay 0.0050% / 4h	1h 54m	$112K	$34K	5x
Short	KuCoin PIPPINUSDTM	0.01920	0.1146	get 0.0573% / 4h	1h 54m	$2.1M	$5.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.282%Rate

Funding earned: $219.66
Price spread: +0.282% → +0.076%: $20.57
Slippage, 4 orders: −$85.89
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $134.35
Costs to cover: 1.059%
Break-even: 2.7 days

Slippage from Aster: live order book, 51 min ago; KuCoin: 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, 51 min ago	5.21 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	7.83 bp	30.2 bp −$30	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
Aster PIPPINUSDTlong	+0.0100%	4h	0.01915	long leg	$112K	$34K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01915	+0.047%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01915	+0.021%	$5.4M	$5.2M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01915	+0.021%	$2.5M	$725K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01916	+0.073%	$1K	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01909	−0.293%	$35K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0154%	4h	0.01915	+0.021%	$256K	$27K	25x	as long as short
Gate PIPPIN_USDT	+0.0388%	4h	0.01916	+0.073%	$1.8M	$324K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0396%	4h	0.01915	+0.021%	$1.5M	$3.5M	20x	as long as short
Bybit PIPPINUSDT	+0.0564%	4h	0.01917	+0.125%	$3.7M	$1.5M	13x	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	+0.1070%	4h	0.01918	+0.177%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1072%	4h	0.01917	+0.125%	$1.6M	$319K	10x	as long as short
KuCoin PIPPINUSDTMshort	+0.1146%	4h	0.01920	+0.282%	$2.1M	$5.9M	25x