Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.052%
Price spread now: Bitget against BingX−0.053%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1081.075% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 7 days+0.111%+$11 · spread now −0.053%, 7d avg −0.045%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PIPPIN-USDT | 0.01902 | 0.0560 | pay 0.0280% / 4h | 4m 18s | — | $1.3M | — |
| Short | Bitget PIPPINUSDT | 0.01901 | 0.0562 | get 0.0281% / 4h | 4m 18s | $1.6M | $313K | 10x |
BingX PIPPIN-USDT
Bitget PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $0.42
- Price spread: −0.053% → −0.045%
- −$0.8
- Slippage, 4 orders
- −$85.51
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.89
- Costs to cover
- 1.075%
- Break-even
- 1805.1 days
Slippage from BingX: live order book, 2 min ago; Bitget: 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 BingX live order book, 2 min ago | 5.26 bp | 20.7 bp −$21 | 94.1 bp −$941 | 702.5 bp −$70.2K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.63 bp | 29.5 bp −$29 | 238.6 bp −$2,386 | 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 | +0.0043% | 4h | 0.01900 | −0.105% | $252K | $22K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01901 | −0.027% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01901 | −0.079% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01900 | −0.105% | $5.4M | $4.9M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01900 | −0.105% | $2.4M | $731K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01904 | +0.105% | $2K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01888 | −0.736% | $34K | $14K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0168% | 4h | 0.01901 | −0.053% | $3.6M | $1.4M | 13x | as long as short |
| Gate PIPPIN_USDT | +0.0204% | 4h | 0.01901 | −0.053% | $1.8M | $310K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0238% | 4h | 0.01901 | −0.053% | $1.5M | $3.3M | 20x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTlong | +0.0560% | 4h | 0.01902 | long leg | — | $1.3M | — | |
| Bitget PIPPINUSDTshort | +0.0562% | 4h | 0.01901 | −0.053% | $1.6M | $313K | 10x | |
| KuCoin PIPPINUSDTM | +0.0738% | 4h | 0.01901 | −0.053% | $2.1M | $5.2M | 25x | as long as short |
KuCoin PIPPINUSDTM