PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.07 per $10,000 · paid last 24h −0.026%

Price spread now: OKX against MEXC0.000%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days+0.019%+$2 · spread now 0.000%, 7d avg +0.111%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.111% cheaper against MEXC than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.111%). If the spread goes back, that is −$11 on $10k: about 28 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.122% in total) that is about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01901	0.0102	pay 0.0051% / 4h	39m 12s	$2.5M	$757K	50x
Short	OKX PIPPIN-USDT-SWAP	0.01901	0.0115	get 0.0058% / 4h	39m 12s	$1.5M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $2.77
Price spread: 0.000% → +0.111%: −$11.09
Slippage, 4 orders: −$55.88
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$74.2
Costs to cover: 0.659%
Break-even: 194.4 days

Slippage from MEXC: live order book, 3 min ago; OKX: 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 MEXC live order book, 3 min ago	2.63 bp	12.9 bp −$13	99.3 bp −$993	224.6 bp −$22.5K	486.3 bp −$243.2K
Sell OKX live order book, 3 min ago	2.63 bp	21.8 bp −$22	143.3 bp −$1,433	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	−0.222%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01902	+0.053%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01901	0.000%	$5.3M	$4.6M	25x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01904	+0.158%	$664	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01890	−0.579%	$34K	$16K	20x	as long as short
MEXC PIPPIN_USDTlong	+0.0102%	4h	0.01901	long leg	$2.5M	$757K	50x
OKX PIPPIN-USDT-SWAPshort	+0.0115%	4h	0.01901	0.000%	$1.5M	$3.2M	20x
BloFin PIPPIN-USDT	+0.0133%	4h	0.01903	+0.105%	$251K	$28K	25x	as long as short
Gate PIPPIN_USDT	+0.0534%	4h	0.01902	+0.053%	$1.8M	$305K	20x	as long as short
Bybit PIPPINUSDT	+0.0603%	4h	0.01902	+0.053%	$3.7M	$1.4M	13x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0652%	4h	0.01902	+0.053%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0694%	4h	0.01903	+0.105%	$1.6M	$333K	10x	as long as short
KuCoin PIPPINUSDTM	+0.0880%	4h	0.01904	+0.158%	$2.1M	$3.7M	25x	as long as short