PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.8% APRnext payment +$0.77 per $10,000 · paid last 24h −0.019%

Price spread now: OKX against Binance0.000%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$880.885% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days+0.039%+$4 · spread now 0.000%, 7d avg +0.098%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.098% cheaper against Binance than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.098%). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.115% in total) that is about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIPPINUSDT	0.01899	0.0100	pay 0.0050% / 4h	26m 17s	$5.4M	$4.9M	25x
Short	OKX PIPPIN-USDT-SWAP	0.01899	0.0253	get 0.0127% / 4h	26m 17s	$1.5M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $32.18
Price spread: 0.000% → +0.098%: −$9.83
Slippage, 4 orders: −$68.45
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.1
Costs to cover: 0.885%
Break-even: 21.4 days

Slippage from Binance: live order book, 12 min ago; OKX: live order book, 1 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	2.65 bp	22.2 bp −$22	248.3 bp −$2,483	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	5.27 bp	21.6 bp −$22	128.4 bp −$1,284	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	0.01898	−0.051%	$110K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01898	−0.053%	$18K	$9K	3x	as long as short
Binance PIPPINUSDTlong	+0.0100%	4h	0.01899	long leg	$5.4M	$4.9M	25x
MEXC PIPPIN_USDT	+0.0100%	4h	0.01898	−0.053%	$2.4M	$730K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01902	+0.158%	$3K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01889	−0.527%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0124%	4h	0.01900	+0.053%	$251K	$24K	25x	as long as short
Bybit PIPPINUSDT	+0.0201%	4h	0.01900	+0.053%	$3.6M	$1.4M	13x	as long as short
OKX PIPPIN-USDT-SWAPshort	+0.0253%	4h	0.01899	0.000%	$1.5M	$3.3M	20x
Gate PIPPIN_USDT	+0.0260%	4h	0.01897	−0.105%	$1.8M	$306K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PIPPINUSDT	+0.0648%	4h	0.01897	−0.105%	$1.6M	$315K	10x	as long as short
BingX PIPPIN-USDT	+0.0650%	4h	0.01897	−0.105%	—	$1.3M	—	as long as short
KuCoin PIPPINUSDTM	+0.0754%	4h	0.01900	+0.053%	$2.1M	$5.1M	25x	as long as short