PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0497%/8h= −54.4% APRnext payment −$2.48 per $10,000 · paid last 24h −0.062%

Price spread now: BloFin against BingX+0.105%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.633%−$63 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.105%, 7d avg −0.038%

Together, before fees−0.766%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.143% dearer against BingX than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.038%): +$14 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PIPPIN-USDT	0.01898	0.0672	pay 0.0336% / 4h	2h 30m	—	$1.3M	—
Short	BloFin PIPPIN-USDT	0.01900	0.0175	get 0.0088% / 4h	2h 30m	$251K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$104.28
Price spread: +0.105% → −0.038%: $14.32
Slippage, 4 orders: −$60.99
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$172.95
Costs to cover: 0.830%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 52 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, 6 min ago	7.89 bp	24.0 bp −$24	156.4 bp −$1,564	720.0 bp −$72.0K	doesn't fit
Sell BloFin live order book, 52 min ago	2.63 bp	20.7 bp −$21	84.4 bp −$844	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	+0.019%	$110K	$32K	5x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01899	+0.053%	$1.6M	$349K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01899	+0.053%	$2K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.527%	$34K	$16K	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01897	−0.053%	$18K	$9K	3x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0144%	4h	0.01899	+0.053%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0168%	4h	0.01897	−0.053%	$2.5M	$767K	50x	as long as short
BloFin PIPPIN-USDTshort	+0.0175%	4h	0.01900	+0.105%	$251K	$27K	25x
Binance PIPPINUSDT	+0.0187%	4h	0.01897	−0.026%	$5.3M	$4.5M	25x	as long as short
KuCoin PIPPINUSDTM	+0.0334%	4h	0.01899	+0.053%	$2.1M	$3.3M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0593%	4h	0.01901	+0.158%	$3.6M	$1.3M	13x	as long as short
BingX PIPPIN-USDTlong	+0.0672%	4h	0.01898	long leg	—	$1.3M	—
Gate PIPPIN_USDT	+0.0734%	4h	0.01901	+0.158%	$1.8M	$305K	20x	as long as short