PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0802%/8h= −87.8% APRnext payment −$4.01 per $10,000 · paid last 24h −0.065%

Price spread now: Binance against BingX−0.052%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1281.281% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.666%−$67 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.052%, 7d avg −0.095%

Together, before fees−0.682%−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.042% dearer against BingX than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.095%): +$4 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.666% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PIPPIN-USDT	0.01906	0.0902	pay 0.0451% / 4h	3h 32m	—	$1.3M	—
Short	Binance PIPPINUSDT	0.01905	0.0100	get 0.0050% / 4h	3h 32m	$5.4M	$4.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.052%Rate

Funding earned: −$168.42
Price spread: −0.052% → −0.095%: $4.25
Slippage, 4 orders: −$108.09
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$292.27
Costs to cover: 1.281%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Binance: live order book, 6 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 BingX live order book, 13 min ago	2.62 bp	69.4 bp −$69	209.6 bp −$2,096	787.1 bp −$78.7K	doesn't fit
Sell Binance live order book, 6 min ago	2.61 bp	19.6 bp −$20	165.7 bp −$1,657	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	+0.0098%	4h	0.01905	−0.052%	$253K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01906	0.000%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01906	0.000%	$18K	$9K	3x	as long as short
Binance PIPPINUSDTshort	+0.0100%	4h	0.01905	−0.052%	$5.4M	$4.9M	25x
MEXC PIPPIN_USDT	+0.0100%	4h	0.01905	−0.052%	$2.5M	$710K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01908	+0.105%	$2K	$10.2M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01890	−0.839%	$34K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0221%	4h	0.01906	0.000%	$1.5M	$3.3M	20x	as long as short
Gate PIPPIN_USDT	+0.0556%	4h	0.01905	−0.052%	$1.8M	$313K	20x	as long as short
Bitget PIPPINUSDT	+0.0684%	4h	0.01907	+0.052%	$1.6M	$307K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0697%	4h	0.01907	+0.052%	$3.6M	$1.4M	13x	as long as short
BingX PIPPIN-USDTlong	+0.0902%	4h	0.01906	long leg	—	$1.3M	—
KuCoin PIPPINUSDTM	+0.0976%	4h	0.01907	+0.052%	$2.1M	$5.4M	25x	as long as short