PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0418%/8h= +45.8% APRnext payment +$2.09 per $10,000 · paid last 24h +0.148%

Price spread now: KuCoin against Bitget0.000%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2822.815% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 7 days+0.010%+$1 · spread now 0.000%, 7d avg +0.034%

Together, before fees+0.383%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.374% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIPPINUSDT	0.01901	0.0100	pay 0.0050% / 4h	1h 04m	$1.6M	$334K	10x
Short	KuCoin PIPPINUSDTM	0.01901	0.0518	get 0.0259% / 4h	1h 04m	$2.1M	$3.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $87.78
Price spread: 0.000% → +0.034%: −$3.36
Slippage, 4 orders: −$257.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$197.09
Costs to cover: 2.815%
Break-even: 22.7 days

Slippage from Bitget: live order book, 7 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 Bitget live order book, 7 min ago	7.92 bp	29.2 bp −$29	270.7 bp −$2,707	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.63 bp	38.0 bp −$38	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 PIPPINUSDT	+0.0100%	4h	0.01897	−0.216%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01899	−0.095%	$18K	$9K	3x	as long as short
Bitget PIPPINUSDTlong	+0.0100%	4h	0.01901	long leg	$1.6M	$334K	10x
SunX PIPPIN-USDT	+0.0100%	4h	0.01899	−0.105%	$558	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01882	−0.999%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0106%	4h	0.01901	0.000%	$1.6M	$3.3M	20x	as long as short
MEXC PIPPIN_USDT	+0.0114%	4h	0.01899	−0.105%	$2.6M	$750K	50x	as long as short
Binance PIPPINUSDT	+0.0114%	4h	0.01898	−0.158%	$5.3M	$4.6M	25x	as long as short
BloFin PIPPIN-USDT	+0.0116%	4h	0.01897	−0.210%	$249K	$27K	25x	as long as short
BingX PIPPIN-USDT	+0.0468%	4h	0.01901	0.000%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PIPPIN_USDT	+0.0490%	4h	0.01899	−0.105%	$1.8M	$304K	20x	as long as short
KuCoin PIPPINUSDTMshort	+0.0518%	4h	0.01901	0.000%	$2.1M	$3.6M	25x
Bybit PIPPINUSDT	+0.0523%	4h	0.01901	0.000%	$3.7M	$1.4M	13x	as long as short