Funding you earn now, next payment 04:00 UTC−0.0743%/8h= −81.3% APRnext payment −$3.71 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against BingX+0.210%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1061.059% of the position
Funding, last 7 days−0.807%−$81 on $10k
+Price spread, last 7 days−0.201%−$20 · spread now +0.210%, 7d avg +0.053%
=The price spread pays, funding is against you. Bybit is 0.158% dearer against BingX than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of +0.053%): +$16 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PIPPIN-USDT | 0.01902 | 0.1190 | pay 0.0595% / 4h | 3h 41m | — | $1.3M | — |
| Short | Bybit PIPPINUSDT | 0.01906 | 0.0448 | get 0.0224% / 4h | 3h 41m | $3.7M | $1.4M | 13x |
BingX PIPPIN-USDT
Bybit PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$155.98
- Price spread: +0.210% → +0.053%
- $15.78
- Slippage, 4 orders
- −$84.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$246.14
- Costs to cover
- 1.059%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: 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, 10 min ago | 2.63 bp | 42.5 bp −$43 | 118.4 bp −$1,184 | 729.3 bp −$72.9K | doesn't fit |
| Sell Bybit live order book, 6 min ago | 7.86 bp | 22.0 bp −$22 | 145.5 bp −$1,455 | 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 | +0.0054% | 4h | 0.01904 | +0.105% | $251K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01905 | +0.160% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01904 | +0.105% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01904 | +0.105% | $5.4M | $4.7M | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01907 | +0.263% | $1.6M | $3.2M | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01905 | +0.158% | $2.4M | $758K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01906 | +0.210% | $705 | $9.9M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01895 | −0.368% | $34K | $16K | 20x | as long as short |
| Bybit PIPPINUSDTshort | +0.0448% | 4h | 0.01906 | +0.210% | $3.7M | $1.4M | 13x | |
| Gate PIPPIN_USDT | +0.0524% | 4h | 0.01906 | +0.210% | $1.8M | $301K | 20x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
OKX PIPPIN-USDT-SWAP
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTlong | +0.1190% | 4h | 0.01902 | long leg | — | $1.3M | — | |
| Bitget PIPPINUSDT | +0.1304% | 4h | 0.01905 | +0.158% | $1.6M | $330K | 10x | as long as short |
| KuCoin PIPPINUSDTM | +0.1332% | 4h | 0.01906 | +0.210% | $2.1M | $4.1M | 25x | as long as short |
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM