PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0332%/8h= +36.4% APRnext payment +$1.66 per $10,000 · paid last 24h +0.014%

Price spread now: Gate against Binance+0.053%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$728as in the Funding arb table

Net, price: spread back to 7d avg − costs−$709as in the Price arb table

costs, in and out, $10k−$7127.124% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.053%, 7d avg +0.020%

Together, before fees−0.197%−$20 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 0.033% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIPPINUSDT	0.01892	0.0100	pay 0.0050% / 4h	2h 52m	$5.3M	$4.6M	25x
Short	Gate PIPPIN_USDT	0.01893	0.0432	get 0.0216% / 4h	2h 52m	$1.8M	$304K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.053%Rate

Funding earned: $69.72
Price spread: +0.053% → +0.020%: $3.28
Slippage, 4 orders: −$687.43
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$639.43
Costs to cover: 7.124%
Break-even: 71.2 days

Slippage from Binance: live order book, 16 min ago; Gate: live order book, 5 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, 16 min ago	5.26 bp	22.4 bp −$22	281.2 bp −$2,812	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.27 bp	466.4 bp −$466	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	+0.0041%	4h	0.01894	+0.106%	$251K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01900	+0.435%	$111K	$32K	5x	as long as short
Binance PIPPINUSDTlong	+0.0100%	4h	0.01892	long leg	$5.3M	$4.6M	25x
Bybit PIPPINUSDT	+0.0100%	4h	0.01896	+0.211%	$3.6M	$1.3M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01892	0.000%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01893	+0.053%	$2.5M	$759K	50x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01895	+0.159%	$1.6M	$350K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01896	+0.211%	$1K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01887	−0.264%	$34K	$16K	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01894	+0.116%	$18K	$9K	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.0158%	4h	0.01896	+0.211%	$2.1M	$3.3M	25x	as long as short
BingX PIPPIN-USDT	+0.0246%	4h	0.01897	+0.264%	—	$1.3M	—	as long as short
Gate PIPPIN_USDTshort	+0.0432%	4h	0.01893	+0.053%	$1.8M	$304K	20x