PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0434%/8h= +47.5% APRnext payment +$2.17 per $10,000 · paid last 24h +0.096%

Price spread now: Bybit against HTX+1.164%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 1.164% dearer against HTX than usual: you sell high and buy low: +$116 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PIPPIN-USDT	0.01890	0.0100	pay 0.0050% / 4h	3h 29m	$34K	$14K	20x
Short	Bybit PIPPINUSDT	0.01912	0.0534	get 0.0267% / 4h	3h 29m	$3.7M	$1.4M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +1.164%Rate

Funding earned: $91.12
Price spread: +1.164% → 0.000%: $116.4
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $184.53
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	2.62 bp	28.3 bp −$28	226.0 bp −$2,260	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0042%	4h	0.01912	+1.164%	$253K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01907	+0.887%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01909	+1.005%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01910	+1.071%	$5.4M	$4.9M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01909	+1.005%	$2.5M	$711K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01913	+1.217%	$928	$10.2M	20x	as long as short
HTX PIPPIN-USDTlong	+0.0100%	4h	0.01890	long leg	$34K	$14K	20x
OKX PIPPIN-USDT-SWAP	+0.0257%	4h	0.01909	+1.005%	$1.5M	$3.3M	20x	as long as short
Bybit PIPPINUSDTshort	+0.0534%	4h	0.01912	+1.164%	$3.7M	$1.4M	13x
Gate PIPPIN_USDT	+0.0620%	4h	0.01907	+0.899%	$1.8M	$313K	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	+0.0688%	4h	0.01911	+1.111%	$1.6M	$307K	10x	as long as short
BingX PIPPIN-USDT	+0.0784%	4h	0.01908	+0.952%	—	$1.3M	—	as long as short
KuCoin PIPPINUSDTM	+0.0994%	4h	0.01911	+1.111%	$2.1M	$5.4M	25x	as long as short