PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.31 per $10,000 · paid last 24h +0.011%

Price spread now: MEXC against BloFin−0.210%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.210%, 7d avg −0.078%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.132% cheaper against BloFin than usual: you would sell low and buy high (spread −0.210% now, against its 7-day average of −0.078%). If the spread goes back, that is −$13 on $10k: about 7.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.017% in total) that is about 54 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PIPPIN-USDT	0.01906	0.0057	pay 0.0028% / 4h	41m 15s	$250K	$28K	25x
Short	MEXC PIPPIN_USDT	0.01902	0.0118	get 0.0059% / 4h	41m 15s	$2.5M	$757K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.210%Rate

Funding earned: $12.88
Price spread: −0.210% → −0.078%: −$13.21
Slippage, 4 orders: −$52.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$64.75
Costs to cover: 0.644%
Break-even: 42.2 days

Slippage from BloFin: live order book, 30 min ago; MEXC: live order book, 1 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, 30 min ago	2.64 bp	22.4 bp −$22	85.8 bp −$858	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.63 bp	10.9 bp −$11	96.6 bp −$966	224.8 bp −$22.5K	490.6 bp −$245.3K

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
BloFin PIPPIN-USDTlong	+0.0057%	4h	0.01906	long leg	$250K	$28K	25x
Aster PIPPINUSDT	+0.0100%	4h	0.01905	−0.059%	$111K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01903	−0.157%	$18K	$9K	3x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01904	−0.105%	$1K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01892	−0.735%	$34K	$16K	20x	as long as short
Binance PIPPINUSDT	+0.0103%	4h	0.01903	−0.184%	$5.3M	$4.6M	25x	as long as short
MEXC PIPPIN_USDTshort	+0.0118%	4h	0.01902	−0.210%	$2.5M	$757K	50x
OKX PIPPIN-USDT-SWAP	+0.0122%	4h	0.01902	−0.210%	$1.5M	$3.2M	20x	as long as short
Gate PIPPIN_USDT	+0.0554%	4h	0.01905	−0.052%	$1.8M	$305K	20x	as long as short
Bybit PIPPINUSDT	+0.0636%	4h	0.01904	−0.105%	$3.7M	$1.4M	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	+0.0652%	4h	0.01902	−0.210%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0688%	4h	0.01904	−0.105%	$1.6M	$333K	10x	as long as short
KuCoin PIPPINUSDTM	+0.0886%	4h	0.01905	−0.052%	$2.1M	$3.7M	25x	as long as short