PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.038%

Price spread now: Gate against Bybit−0.158%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$847as in the Funding arb table

Net, price: spread back to 7d avg − costs−$852as in the Price arb table

costs, in and out, $10k−$8498.490% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.158%, 7d avg −0.127%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of −0.127%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.025% in total) that is about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIPPINUSDT	0.01903	0.0183	pay 0.0092% / 4h	21m 22s	$3.6M	$1.4M	13x
Short	Gate PIPPIN_USDT	0.01900	0.0230	get 0.0115% / 4h	21m 22s	$1.8M	$309K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.158%Rate

Funding earned: $9.77
Price spread: −0.158% → −0.127%: −$3.1
Slippage, 4 orders: −$823.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$842.34
Costs to cover: 8.490%
Break-even: 610.6 days

Slippage from Bybit: live order book, 1 min ago; Gate: 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 Bybit live order book, 1 min ago	5.26 bp	24.5 bp −$25	370.9 bp −$3,709	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.63 bp	573.4 bp −$573	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
BloFin PIPPIN-USDT	+0.0093%	4h	0.01899	−0.210%	$251K	$24K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01902	−0.053%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01902	−0.053%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01902	−0.037%	$5.4M	$4.9M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01901	−0.105%	$2.4M	$731K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01906	+0.158%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01887	−0.841%	$34K	$14K	20x	as long as short
Bybit PIPPINUSDTlong	+0.0183%	4h	0.01903	long leg	$3.6M	$1.4M	13x
Gate PIPPIN_USDTshort	+0.0230%	4h	0.01900	−0.158%	$1.8M	$309K	20x
OKX PIPPIN-USDT-SWAP	+0.0237%	4h	0.01902	−0.053%	$1.5M	$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
Bitget PIPPINUSDT	+0.0594%	4h	0.01902	−0.053%	$1.6M	$314K	10x	as long as short
BingX PIPPIN-USDT	+0.0594%	4h	0.01899	−0.210%	—	$1.3M	—	as long as short
KuCoin PIPPINUSDTM	+0.0718%	4h	0.01901	−0.105%	$2.1M	$5.1M	25x	as long as short