Funding you earn now, next payment 00:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.83 per $10,000 · paid last 24h −0.197%
Price spread now: Bybit against KuCoin+0.052%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1191.189% of the position
Funding, last 7 days−0.678%−$68 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.052%, 7d avg +0.064%
=The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PIPPINUSDTM | 0.01910 | 0.0870 | pay 0.0435% / 4h | 44m 54s | $2.1M | $3.7M | 25x |
| Short | Bybit PIPPINUSDT | 0.01911 | 0.0704 | get 0.0352% / 4h | 44m 54s | $3.7M | $1.4M | 13x |
KuCoin PIPPINUSDTM
Bybit PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- −$34.91
- Price spread: +0.052% → +0.064%
- −$1.16
- Slippage, 4 orders
- −$95.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$154.96
- Costs to cover
- 1.189%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 3 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 | 5.24 bp | 59.8 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.24 bp | 17.1 bp −$17 | 99.4 bp −$994 | 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 | 0.01908 | −0.120% | $111K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01909 | −0.052% | $18K | $9K | 3x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01910 | 0.000% | $819 | $9.8M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01893 | −0.890% | $34K | $16K | 20x | as long as short |
| Binance PIPPINUSDT | +0.0136% | 4h | 0.01908 | −0.105% | $5.4M | $4.6M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0142% | 4h | 0.01907 | −0.157% | $2.5M | $756K | 50x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0143% | 4h | 0.01908 | −0.105% | $1.6M | $3.2M | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0172% | 4h | 0.01908 | −0.105% | $250K | $28K | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0600% | 4h | 0.01909 | −0.052% | $1.8M | $304K | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0604% | 4h | 0.01910 | 0.000% | $1.6M | $333K | 10x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Binance PIPPINUSDT
MEXC PIPPIN_USDT
OKX PIPPIN-USDT-SWAP
BloFin PIPPIN-USDT
Gate PIPPIN_USDT
Bitget PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIPPINUSDTshort | +0.0704% | 4h | 0.01911 | +0.052% | $3.7M | $1.4M | 13x | |
| BingX PIPPIN-USDT | +0.0712% | 4h | 0.01901 | −0.471% | — | $1.3M | — | as long as short |
| KuCoin PIPPINUSDTMlong | +0.0870% | 4h | 0.01910 | long leg | $2.1M | $3.7M | 25x |
BingX PIPPIN-USDT