PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0280%/8h= −30.7% APRnext payment −$1.40 per $10,000 · paid last 24h −0.097%

Price spread now: Aster against KuCoin−0.210%7-day average −0.075% · 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−$202as in the Price arb table

costs, in and out, $10k−$1881.882% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.477%−$48 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.210%, 7d avg −0.075%

Together, before fees−0.314%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.135% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIPPINUSDTM	0.01907	0.0380	pay 0.0190% / 4h	3h 19m	$2.1M	$6.6M	25x
Short	Aster PIPPINUSDT	0.01903	0.0100	get 0.0050% / 4h	3h 19m	$111K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$58.8
Price spread: −0.210% → −0.075%: −$13.47
Slippage, 4 orders: −$168.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$260.52
Costs to cover: 1.882%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Aster: live order book, 12 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 KuCoin live order book, 9 min ago	5.28 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 12 min ago	5.29 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
BloFin PIPPIN-USDT	+0.0076%	4h	0.01908	+0.052%	$256K	$32K	25x	as long as short
Aster PIPPINUSDTshort	+0.0100%	4h	0.01903	−0.210%	$111K	$35K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01907	0.000%	$18K	$5K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01907	−0.008%	$5.4M	$5.3M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01906	−0.052%	$2.7M	$788K	50x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01904	−0.157%	$1.6M	$336K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01909	+0.105%	$204	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01891	−0.839%	$34K	$14K	20x	as long as short
BingX PIPPIN-USDT	+0.0118%	4h	0.01907	0.000%	—	$1.4M	—	as long as short
OKX PIPPIN-USDT-SWAP	+0.0178%	4h	0.01905	−0.105%	$1.5M	$3.5M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTMlong	+0.0380%	4h	0.01907	long leg	$2.1M	$6.6M	25x
Bybit PIPPINUSDT	+0.0493%	4h	0.01908	+0.052%	$3.6M	$1.5M	13x	as long as short
Gate PIPPIN_USDT	+0.0604%	4h	0.01906	−0.052%	$1.8M	$321K	20x	as long as short