Funding you earn now, next payment 08:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.92 per $10,000 · paid last 24h +0.116%
Price spread now: KuCoin against Bybit0.000%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$2062.064% of the position
Funding, last 7 days+0.733%+$73 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now 0.000%, 7d avg −0.063%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.063% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIPPINUSDT | 0.01913 | 0.0862 | pay 0.0431% / 4h | 2h 47m | $3.7M | $1.4M | 13x |
| Short | KuCoin PIPPINUSDTM | 0.01913 | 0.1046 | get 0.0523% / 4h | 2h 47m | $2.1M | $5.6M | 25x |
Bybit PIPPINUSDT
KuCoin PIPPINUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $38.63
- Price spread: 0.000% → −0.063%
- $6.32
- Slippage, 4 orders
- −$183.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$161.46
- Costs to cover
- 2.064%
- Break-even
- 36.3 days
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago | 7.79 bp | 30.0 bp −$30 | 497.2 bp −$4,972 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 7.81 bp | 72.8 bp −$73 | 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 | +0.0091% | 4h | 0.01915 | +0.105% | $253K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01909 | −0.217% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01912 | −0.052% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01911 | −0.105% | $5.4M | $5.1M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01911 | −0.105% | $2.5M | $707K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01910 | −0.157% | $2K | $10.3M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01905 | −0.418% | $34K | $14K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0285% | 4h | 0.01912 | −0.052% | $1.5M | $3.4M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0364% | 4h | 0.01912 | −0.052% | $1.8M | $319K | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0734% | 4h | 0.01915 | +0.105% | $1.6M | $314K | 10x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
Bitget PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0826% | 4h | 0.01912 | −0.052% | — | $1.3M | — | as long as short |
| Bybit PIPPINUSDTlong | +0.0862% | 4h | 0.01913 | long leg | $3.7M | $1.4M | 13x | |
| KuCoin PIPPINUSDTMshort | +0.1046% | 4h | 0.01913 | 0.000% | $2.1M | $5.6M | 25x |
BingX PIPPIN-USDT