Funding you earn now, next payment 00:00 UTC−0.0550%/8h= −60.2% APRnext payment −$2.75 per $10,000 · paid last 24h +0.069%
Price spread now: Aster against Bybit−0.059%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 5 days (all we have)+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)−0.313%−$31 · spread now −0.059%, 7d avg −0.157%
=Together, before fees−0.195%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.098% dearer against Bybit than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.157%): +$10 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 5 days funding on this pair paid +0.118%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.118% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.75 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 | Bybit PIPPINUSDT | 0.01898 | 0.0650 | pay 0.0325% / 4h | 1h 26m | $3.6M | $1.4M | 13x |
| Short | Aster PIPPINUSDT | 0.01897 | 0.0100 | get 0.0050% / 4h | 1h 26m | $110K | $34K | 5x |
Bybit PIPPINUSDT
Aster PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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
- −$115.49
- Price spread: −0.059% → −0.157%
- $9.77
- Slippage, 4 orders
- −$52.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$176.95
- Costs to cover
- 0.712%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 54 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 Bybit live order book, 1 min ago | 2.63 bp | 19.2 bp −$19 | 126.0 bp −$1,260 | doesn't fit | doesn't fit |
| Sell Aster live order book, 54 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIPPINUSDTshort | +0.0100% | 4h | 0.01897 | −0.059% | $110K | $34K | 5x | |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01898 | +0.016% | $18K | $9K | 3x | as long as short |
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01898 | 0.000% | $1.6M | $338K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01900 | +0.105% | $1K | $9.8M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01888 | −0.527% | $34K | $16K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0159% | 4h | 0.01897 | −0.053% | $1.6M | $3.3M | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0274% | 4h | 0.01896 | −0.105% | $251K | $27K | 25x | as long as short |
| Binance PIPPINUSDT | +0.0288% | 4h | 0.01896 | −0.105% | $5.3M | $4.6M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0300% | 4h | 0.01896 | −0.105% | $2.6M | $749K | 50x | as long as short |
| KuCoin PIPPINUSDTM | +0.0524% | 4h | 0.01898 | 0.000% | $2.1M | $3.4M | 25x | as long as short |
Pacifica PIPPIN
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
OKX PIPPIN-USDT-SWAP
BloFin PIPPIN-USDT
Binance PIPPINUSDT
MEXC PIPPIN_USDT
KuCoin PIPPINUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0584% | 4h | 0.01897 | −0.053% | — | $1.3M | — | as long as short |
| Gate PIPPIN_USDT | +0.0636% | 4h | 0.01897 | −0.053% | $1.8M | $303K | 20x | as long as short |
| Bybit PIPPINUSDTlong | +0.0650% | 4h | 0.01898 | long leg | $3.6M | $1.4M | 13x |
BingX PIPPIN-USDT
Gate PIPPIN_USDT