PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0400%/8h= −43.8% APRnext payment −$2.00 per $10,000 · paid last 24h −0.050%

Price spread now: Aster against BingX−0.332%7-day average −0.123% · 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−$111as in the Price arb table

costs, in and out, $10k−$910.905% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.551%−$55 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.332%, 7d avg −0.123%

Together, before fees−0.489%+ Points / potential airdropAster: Stage 5 · farm board−$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Aster is 0.209% cheaper against BingX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.123%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PIPPIN-USDT	0.01912	0.0500	pay 0.0250% / 4h	3h 51m	—	$1.3M	—
Short	Aster PIPPINUSDT	0.01906	0.0100	get 0.0050% / 4h	3h 51m	$111K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.332%Rate

Funding earned: −$84
Price spread: −0.332% → −0.123%: −$20.88
Slippage, 4 orders: −$72.52
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$195.4
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Aster: live order book, 64 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 BingX live order book, 5 min ago	2.63 bp	25.4 bp −$25	161.7 bp −$1,617	739.2 bp −$73.9K	doesn't fit
Sell Aster live order book, 64 min ago	5.28 bp	23.7 bp −$24	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 PIPPINUSDTshort	+0.0100%	4h	0.01906	−0.332%	$111K	$33K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01910	−0.105%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01912	0.000%	$5.4M	$4.9M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01911	−0.052%	$2.5M	$707K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01912	0.000%	$1K	$10.2M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01889	−1.203%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0129%	4h	0.01911	−0.052%	$253K	$22K	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0217%	4h	0.01911	−0.052%	$1.5M	$3.3M	20x	as long as short
Gate PIPPIN_USDT	+0.0358%	4h	0.01907	−0.262%	$1.8M	$312K	20x	as long as short
Bitget PIPPINUSDT	+0.0470%	4h	0.01906	−0.314%	$1.6M	$313K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDTlong	+0.0500%	4h	0.01912	long leg	—	$1.3M	—
KuCoin PIPPINUSDTM	+0.0740%	4h	0.01909	−0.157%	$2.1M	$5.3M	25x	as long as short
Bybit PIPPINUSDT	+0.1335%	4h	0.01912	0.000%	$3.7M	$1.4M	13x	as long as short