Funding you earn now, next payment 00:00 UTC−0.0213%/8h= −23.3% APRnext payment −$1.06 per $10,000 · paid last 24h +0.023%
Price spread now: Aster against BloFin+0.201%7-day average −0.087% · 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−$42as in the Price arb table
costs, in and out, $10k−$710.707% of the position
Funding, last 5 days (all we have)+0.015%+$1 on $10k
+Price spread, last 3 days (all we have)−0.473%−$47 · spread now +0.201%, 7d avg −0.087%
=Together, before fees−0.458%+ Points / potential airdropAster: Stage 5 · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.288% dearer against BloFin than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of −0.087%): +$29 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.015% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.06 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 | BloFin PIPPIN-USDT | 0.01893 | 0.0439 | pay 0.0219% / 4h | 2h 04m | $250K | $27K | 25x |
| Short | Aster PIPPINUSDT | 0.01897 | 0.0226 | get 0.0113% / 4h | 2h 04m | $110K | $32K | 5x |
BloFin PIPPIN-USDT
Aster PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.63
- Price spread: +0.201% → −0.087%
- $28.81
- Slippage, 4 orders
- −$50.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$86.56
- Costs to cover
- 0.707%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; Aster: live order book, 16 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 BloFin live order book, 11 min ago | 2.63 bp | 12.0 bp −$12 | 81.2 bp −$812 | doesn't fit | doesn't fit |
| Sell Aster live order book, 16 min ago | 7.89 bp | 17.8 bp −$18 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01890 | −0.158% | $1.6M | $350K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01890 | −0.158% | $2K | $9.7M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01885 | −0.423% | $34K | $16K | 20x | as long as short |
| Pacifica PIPPIN | +0.0134% | 1h | 0.01890 | −0.169% | $18K | $9K | 3x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0139% | 4h | 0.01890 | −0.158% | $1.6M | $3.2M | 20x | as long as short |
| Aster PIPPINUSDTshort | +0.0226% | 4h | 0.01897 | +0.201% | $110K | $32K | 5x | |
| KuCoin PIPPINUSDTM | +0.0300% | 4h | 0.01890 | −0.158% | $2.1M | $3.3M | 25x | as long as short |
| Binance PIPPINUSDT | +0.0426% | 4h | 0.01889 | −0.211% | $5.3M | $4.6M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0434% | 4h | 0.01889 | −0.211% | $2.6M | $780K | 50x | as long as short |
| BloFin PIPPIN-USDTlong | +0.0439% | 4h | 0.01893 | long leg | $250K | $27K | 25x |
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Pacifica PIPPIN
OKX PIPPIN-USDT-SWAP
KuCoin PIPPINUSDTM
Binance PIPPINUSDT
MEXC PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIPPINUSDT | +0.0612% | 4h | 0.01891 | −0.106% | $3.6M | $1.3M | 13x | as long as short |
| BingX PIPPIN-USDT | +0.0690% | 4h | 0.01891 | −0.106% | — | $1.3M | — | as long as short |
| Gate PIPPIN_USDT | +0.0834% | 4h | 0.01890 | −0.158% | $1.8M | $306K | 20x | as long as short |
Bybit PIPPINUSDT
BingX PIPPIN-USDT
Gate PIPPIN_USDT