Funding you earn now, next payment 00:00 UTC−0.0780%/8h= −85.4% APRnext payment −$3.90 per $10,000 · paid last 24h −0.004%
Price spread now: Aster against Gate−0.263%7-day average −0.022% · 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−$729as in the Price arb table
costs, in and out, $10k−$7057.054% of the position
Funding, last 5 days (all we have)+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.263%, 7d avg −0.022%
=Together, before fees+0.336%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Aster is 0.241% cheaper against Gate than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.022%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.097%, 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 0.097% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.90 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 | Gate PIPPIN_USDT | 0.01904 | 0.0936 | pay 0.0468% / 4h | 2h 23m | $1.8M | $305K | 20x |
| Short | Aster PIPPINUSDT | 0.01899 | 0.0156 | get 0.0078% / 4h | 2h 23m | $110K | $32K | 5x |
Gate PIPPIN_USDT
Aster PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Gate. 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
- −$163.84
- Price spread: −0.263% → −0.022%
- −$24.1
- Slippage, 4 orders
- −$682.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$893.32
- Costs to cover
- 7.054%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Aster: live order book, 62 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 Gate live order book, 4 min ago | 5.26 bp | 206.8 bp −$207 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 62 min ago | 5.26 bp | 13.3 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01901 | −0.158% | $1.6M | $349K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01905 | +0.053% | $2K | $9.7M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01889 | −0.788% | $34K | $16K | 20x | as long as short |
| Pacifica PIPPIN | +0.0134% | 1h | 0.01903 | −0.053% | $18K | $9K | 3x | as long as short |
| Aster PIPPINUSDTshort | +0.0156% | 4h | 0.01899 | −0.263% | $110K | $32K | 5x | |
| OKX PIPPIN-USDT-SWAP | +0.0199% | 4h | 0.01905 | +0.053% | $1.6M | $3.3M | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0298% | 4h | 0.01903 | −0.053% | $2.5M | $767K | 50x | as long as short |
| Binance PIPPINUSDT | +0.0341% | 4h | 0.01903 | −0.053% | $5.3M | $4.5M | 25x | as long as short |
| BloFin PIPPIN-USDT | +0.0368% | 4h | 0.01904 | 0.000% | $251K | $27K | 25x | as long as short |
| KuCoin PIPPINUSDTM | +0.0382% | 4h | 0.01904 | 0.000% | $2.1M | $3.3M | 25x | as long as short |
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Pacifica PIPPIN
OKX PIPPIN-USDT-SWAP
MEXC PIPPIN_USDT
Binance PIPPINUSDT
BloFin PIPPIN-USDT
KuCoin PIPPINUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0498% | 4h | 0.01902 | −0.105% | — | $1.3M | — | as long as short |
| Bybit PIPPINUSDT | +0.0782% | 4h | 0.01906 | +0.105% | $3.6M | $1.3M | 13x | as long as short |
| Gate PIPPIN_USDTlong | +0.0936% | 4h | 0.01904 | long leg | $1.8M | $305K | 20x |
BingX PIPPIN-USDT
Bybit PIPPINUSDT