PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0349%/8h= +38.3% APRnext payment +$1.75 per $10,000 · paid last 24h +0.051%

Price spread now: OKX against SunX−0.104%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1821.824% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.547%+$55 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.104%, 7d avg 0.000%

Together, before fees+0.683%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.104% cheaper against SunX than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of 0.000%). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PIPPIN-USDT	0.01931	0.0100	pay 0.0050% / 4h	1h 30m	$2K	$10.4M	20x
Short	OKX PIPPIN-USDT-SWAP	0.01929	0.0449	get 0.0225% / 4h	1h 30m	$1.6M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. 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 SunXbpFee OKXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $73.38
Price spread: −0.104% → 0.000%: −$10.38
Slippage, 4 orders: −$164.36
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$119.36
Costs to cover: 1.824%
Break-even: 18.4 days

Slippage from SunX: live order book, 9 min ago; OKX: live order book, 2 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 SunX live order book, 9 min ago	18.14 bp	72.9 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.59 bp	24.1 bp −$24	129.2 bp −$1,292	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	+0.0095%	4h	0.01931	0.000%	$258K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01929	−0.119%	$113K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01928	−0.145%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01927	−0.199%	$5.5M	$5.2M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01926	−0.259%	$2.7M	$751K	50x	as long as short
SunX PIPPIN-USDTlong	+0.0100%	4h	0.01931	long leg	$2K	$10.4M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01914	−0.880%	$35K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAPshort	+0.0449%	4h	0.01929	−0.104%	$1.6M	$3.5M	20x
Gate PIPPIN_USDT	+0.0528%	4h	0.01926	−0.259%	$1.8M	$326K	20x	as long as short
Bybit PIPPINUSDT	+0.0764%	4h	0.01928	−0.155%	$3.7M	$1.5M	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	+0.0954%	4h	0.01927	−0.207%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1032%	4h	0.01926	−0.259%	$1.6M	$321K	10x	as long as short
KuCoin PIPPINUSDTM	+0.1174%	4h	0.01929	−0.104%	$2.2M	$6.0M	25x	as long as short