Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against Binance−0.158%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.158%, 7d avg +0.050%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.208% cheaper against Binance than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PIPPINUSDT | 0.01896 | 0.0136 | pay 0.0068% / 4h | 1h 08m | $5.3M | $4.6M | 25x |
| Short | BloFin PIPPIN-USDT | 0.01893 | 0.0114 | get 0.0057% / 4h | 1h 08m | $250K | $27K | 25x |
Binance PIPPINUSDT
BloFin PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$4.49
- Price spread: −0.158% → +0.050%
- −$20.82
- Slippage, 4 orders
- −$62.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.12
- Costs to cover
- 0.848%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; BloFin: 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 Binance live order book, 14 min ago | 2.64 bp | 21.4 bp −$21 | 254.5 bp −$2,545 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.64 bp | 18.3 bp −$18 | 69.8 bp −$698 | 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 | 0.01896 | −0.012% | $110K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01896 | 0.000% | $18K | $9K | 3x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01896 | 0.000% | $1.6M | $3.2M | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01898 | +0.105% | $1.6M | $334K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01897 | +0.053% | $2K | $9.8M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01883 | −0.686% | $34K | $16K | 20x | as long as short |
| BloFin PIPPIN-USDTshort | +0.0114% | 4h | 0.01893 | −0.158% | $250K | $27K | 25x | |
| MEXC PIPPIN_USDT | +0.0134% | 4h | 0.01895 | −0.053% | $2.6M | $750K | 50x | as long as short |
| Binance PIPPINUSDTlong | +0.0136% | 4h | 0.01896 | long leg | $5.3M | $4.6M | 25x | |
| Gate PIPPIN_USDT | +0.0488% | 4h | 0.01896 | 0.000% | $1.8M | $304K | 20x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
OKX PIPPIN-USDT-SWAP
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
MEXC PIPPIN_USDT
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIPPINUSDT | +0.0492% | 4h | 0.01898 | +0.105% | $3.6M | $1.4M | 13x | as long as short |
| KuCoin PIPPINUSDTM | +0.0504% | 4h | 0.01897 | +0.053% | $2.1M | $3.5M | 25x | as long as short |
| BingX PIPPIN-USDT | +0.0506% | 4h | 0.01897 | +0.053% | — | $1.3M | — | as long as short |
Bybit PIPPINUSDT
KuCoin PIPPINUSDTM
BingX PIPPIN-USDT