PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0478%/8h= −52.3% APRnext payment −$2.39 per $10,000 · paid last 24h −0.151%

Price spread now: HTX against Bitget−0.683%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and HTX is 0.683% cheaper against Bitget than usual: you would sell low and buy high (−$68 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIPPINUSDT	0.01903	0.0578	pay 0.0289% / 4h	14m 28s	$1.6M	$313K	10x
Short	HTX PIPPIN-USDT	0.01890	0.0100	get 0.0050% / 4h	14m 28s	$34K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.683%Rate

Funding earned: −$100.38
Price spread: −0.683% → 0.000%: −$68.31
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$192.69
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; HTX: no order-book sample. Net counts fees only.

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 Bitget live order book, 2 min ago	7.88 bp	26.6 bp −$27	329.6 bp −$3,296	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PIPPINUSDT	+0.0100%	4h	0.01903	−0.024%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01903	0.000%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01904	+0.030%	$5.4M	$4.9M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01903	0.000%	$2.4M	$731K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01907	+0.210%	$2K	$10.2M	20x	as long as short
HTX PIPPIN-USDTshort	+0.0100%	4h	0.01890	−0.683%	$34K	$14K	20x
BloFin PIPPIN-USDT	+0.0110%	4h	0.01901	−0.105%	$252K	$24K	25x	as long as short
Bybit PIPPINUSDT	+0.0194%	4h	0.01906	+0.158%	$3.6M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0214%	4h	0.01903	0.000%	$1.8M	$310K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0236%	4h	0.01903	0.000%	$1.5M	$3.3M	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	+0.0554%	4h	0.01897	−0.315%	—	$1.3M	—	as long as short
Bitget PIPPINUSDTlong	+0.0578%	4h	0.01903	long leg	$1.6M	$313K	10x
KuCoin PIPPINUSDTM	+0.0732%	4h	0.01904	+0.053%	$2.1M	$5.2M	25x	as long as short