PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1508%/8h= −165.1% APRnext payment −$7.54 per $10,000 · paid last 24h −0.203%

Price spread now: HTX against BingX−0.999%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and HTX is 0.999% cheaper against BingX than usual: you would sell low and buy high (−$100 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PIPPIN-USDT	0.01902	0.1608	pay 0.0804% / 4h	1h 36m	—	$1.3M	—
Short	HTX PIPPIN-USDT	0.01883	0.0100	get 0.0050% / 4h	1h 36m	$34K	$14K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.999%Rate

Funding earned: −$316.68
Price spread: −0.999% → 0.000%: −$99.89
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$438.57
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; HTX: no order-book sample. Net counts fees only.

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, 9 min ago	2.63 bp	16.9 bp −$17	162.2 bp −$1,622	718.2 bp −$71.8K	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Pacifica PIPPIN	−0.0778%	1h	0.01896	−0.305%	$18K	$9K	3x	as long as short
Aster PIPPINUSDT	+0.0040%	4h	0.01896	−0.301%	$110K	$33K	5x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01895	−0.380%	$5.4M	$4.8M	25x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01898	−0.210%	$3.6M	$1.4M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01898	−0.210%	$1.5M	$3.3M	20x	as long as short
Gate PIPPIN_USDT	+0.0100%	4h	0.01896	−0.315%	$1.8M	$302K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01895	−0.368%	$2.4M	$726K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01895	−0.368%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDTshort	+0.0100%	4h	0.01883	−0.999%	$34K	$14K	20x
BloFin PIPPIN-USDT	+0.0146%	4h	0.01895	−0.368%	$252K	$27K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1290%	4h	0.01898	−0.210%	$2.1M	$4.8M	25x	as long as short
BingX PIPPIN-USDTlong	+0.1608%	4h	0.01902	long leg	—	$1.3M	—
Bitget PIPPINUSDT	+0.1638%	4h	0.01899	−0.158%	$1.6M	$325K	10x	as long as short