PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0418%/8h= −45.8% APRnext payment −$2.09 per $10,000 · paid last 24h −0.148%

Price spread now: Bitget against KuCoin+0.053%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2822.815% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.053%, 7d avg −0.034%

Together, before fees−0.436%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.086% dearer against KuCoin than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.034%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.374% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIPPINUSDTM	0.01901	0.0518	pay 0.0259% / 4h	1h 04m	$2.1M	$3.6M	25x
Short	Bitget PIPPINUSDT	0.01902	0.0100	get 0.0050% / 4h	1h 04m	$1.6M	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$87.78
Price spread: +0.053% → −0.034%: $8.62
Slippage, 4 orders: −$257.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$360.67
Costs to cover: 2.815%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 8 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, 3 min ago	2.63 bp	189.9 bp −$190	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	7.92 bp	24.5 bp −$25	231.8 bp −$2,318	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
Aster PIPPINUSDT	+0.0100%	4h	0.01897	−0.216%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01899	−0.095%	$18K	$9K	3x	as long as short
Bitget PIPPINUSDTshort	+0.0100%	4h	0.01902	+0.053%	$1.6M	$334K	10x
SunX PIPPIN-USDT	+0.0100%	4h	0.01901	0.000%	$2K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01882	−0.999%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0106%	4h	0.01901	0.000%	$1.6M	$3.3M	20x	as long as short
MEXC PIPPIN_USDT	+0.0114%	4h	0.01899	−0.105%	$2.6M	$750K	50x	as long as short
Binance PIPPINUSDT	+0.0114%	4h	0.01898	−0.158%	$5.3M	$4.6M	25x	as long as short
BloFin PIPPIN-USDT	+0.0116%	4h	0.01897	−0.210%	$249K	$27K	25x	as long as short
BingX PIPPIN-USDT	+0.0468%	4h	0.01901	0.000%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PIPPIN_USDT	+0.0490%	4h	0.01899	−0.105%	$1.8M	$304K	20x	as long as short
KuCoin PIPPINUSDTMlong	+0.0518%	4h	0.01901	long leg	$2.1M	$3.6M	25x
Bybit PIPPINUSDT	+0.0523%	4h	0.01901	0.000%	$3.7M	$1.4M	13x	as long as short