PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0359%/8h= +39.3% APRnext payment +$1.79 per $10,000 · paid last 24h +0.049%

Price spread now: BingX against Binance+0.070%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.606%+$61 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.070%, 7d avg +0.095%

Together, before fees+0.546%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.095%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIPPINUSDT	0.01893	0.0147	pay 0.0074% / 4h	1h 11m	$5.3M	$4.6M	25x
Short	BingX PIPPIN-USDT	0.01894	0.0506	get 0.0253% / 4h	1h 11m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $75.31
Price spread: +0.070% → +0.095%: −$2.57
Slippage, 4 orders: −$65.97
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.22
Costs to cover: 0.860%
Break-even: 8.2 days

Slippage from Binance: live order book, 12 min ago; BingX: live order book, 10 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 Binance live order book, 12 min ago	2.64 bp	21.4 bp −$21	254.5 bp −$2,545	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.27 bp	21.3 bp −$21	122.1 bp −$1,221	235.7 bp −$23.6K	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	0.01893	+0.002%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01894	+0.070%	$18K	$9K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01895	+0.122%	$1.6M	$3.2M	20x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01894	+0.070%	$1.6M	$334K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01894	+0.070%	$2K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01883	−0.512%	$34K	$16K	20x	as long as short
BloFin PIPPIN-USDT	+0.0113%	4h	0.01893	+0.017%	$250K	$27K	25x	as long as short
MEXC PIPPIN_USDT	+0.0146%	4h	0.01892	−0.036%	$2.6M	$750K	50x	as long as short
Binance PIPPINUSDTlong	+0.0147%	4h	0.01893	long leg	$5.3M	$4.6M	25x
Gate PIPPIN_USDT	+0.0488%	4h	0.01893	+0.017%	$1.8M	$304K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0499%	4h	0.01894	+0.070%	$3.6M	$1.4M	13x	as long as short
BingX PIPPIN-USDTshort	+0.0506%	4h	0.01894	+0.070%	—	$1.3M	—
KuCoin PIPPINUSDTM	+0.0512%	4h	0.01895	+0.122%	$2.1M	$3.5M	25x	as long as short