PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.070%

Price spread now: SunX against BloFin+0.105%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1631.634% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.400%−$40 on $10k

Price spread, last 3 days (all we have)−0.268%−$27 · spread now +0.105%, 7d avg +0.027%

Together, before fees−0.669%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.078% dearer against BloFin than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.027%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.400% in total) that is about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PIPPIN-USDT	0.01909	0.0157	pay 0.0078% / 4h	3h 30m	$251K	$25K	25x
Short	SunX PIPPIN-USDT	0.01911	0.0100	get 0.0050% / 4h	3h 30m	$2K	$9.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$11.89
Price spread: +0.105% → +0.027%: $7.82
Slippage, 4 orders: −$143.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$167.49
Costs to cover: 1.634%
Break-even: never at this rate

Slippage from BloFin: live order book, 13 min ago; SunX: live order book, 9 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, 13 min ago	2.63 bp	13.9 bp −$14	90.2 bp −$902	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	18.39 bp	74.0 bp −$74	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	0.01903	−0.331%	$111K	$32K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01908	−0.052%	$18K	$9K	3x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01909	0.000%	$2.6M	$755K	50x	as long as short
KuCoin PIPPINUSDTM	+0.0100%	4h	0.01911	+0.105%	$2.1M	$3.5M	25x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01911	+0.105%	$1.6M	$351K	10x	as long as short
SunX PIPPIN-USDTshort	+0.0100%	4h	0.01911	+0.105%	$2K	$9.7M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01895	−0.733%	$34K	$15K	20x	as long as short
Binance PIPPINUSDT	+0.0128%	4h	0.01910	+0.052%	$5.4M	$4.6M	25x	as long as short
BloFin PIPPIN-USDTlong	+0.0157%	4h	0.01909	long leg	$251K	$25K	25x
OKX PIPPIN-USDT-SWAP	+0.0175%	4h	0.01911	+0.105%	$1.6M	$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	+0.0245%	4h	0.01910	+0.052%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0245%	4h	0.01913	+0.210%	$3.7M	$1.3M	13x	as long as short
Gate PIPPIN_USDT	+0.1606%	4h	0.01911	+0.105%	$1.8M	$306K	20x	as long as short