PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0326%/8h= +35.7% APRnext payment +$1.63 per $10,000 · paid last 24h +0.034%

Price spread now: Gate against OKX−0.052%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$884as in the Funding arb table

Net, price: spread back to 7d avg − costs−$856as in the Price arb table

costs, in and out, $10k−$8588.585% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.052%, 7d avg −0.078%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Gate is 0.025% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.078%. Mind the row above: over the last 7 days funding on this pair cost −0.252%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIPPIN-USDT-SWAP	0.01907	0.0100	pay 0.0050% / 4h	2h 44m	$1.5M	$3.2M	20x
Short	Gate PIPPIN_USDT	0.01906	0.0426	get 0.0213% / 4h	2h 44m	$1.8M	$301K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.052%Rate

Funding earned: $68.46
Price spread: −0.052% → −0.078%: $2.53
Slippage, 4 orders: −$833.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$787.51
Costs to cover: 8.585%
Break-even: 87.5 days

Slippage from OKX: live order book, 3 min ago; Gate: 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 OKX live order book, 3 min ago	5.24 bp	24.1 bp −$24	153.5 bp −$1,535	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.25 bp	615.1 bp −$615	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	+0.0081%	4h	0.01904	−0.157%	$255K	$29K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01907	−0.014%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01906	−0.058%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01905	−0.092%	$5.4M	$4.8M	25x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0100%	4h	0.01907	long leg	$1.5M	$3.2M	20x
MEXC PIPPIN_USDT	+0.0100%	4h	0.01906	−0.052%	$2.4M	$741K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01909	+0.105%	$1K	$10.0M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01894	−0.682%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDT	+0.0207%	4h	0.01907	0.000%	$3.7M	$1.4M	13x	as long as short
Gate PIPPIN_USDTshort	+0.0426%	4h	0.01906	−0.052%	$1.8M	$301K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1620%	4h	0.01907	0.000%	$2.1M	$4.4M	25x	as long as short
BingX PIPPIN-USDT	+0.1950%	4h	0.01906	−0.052%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2062%	4h	0.01902	−0.262%	$1.6M	$328K	10x	as long as short