Funding you earn now, next payment 08:00 UTC+0.0352%/8h= +38.5% APRnext payment +$1.76 per $10,000 · paid last 24h +0.040%
Price spread now: KuCoin against BingX−0.053%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1641.638% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.053%, 7d avg −0.012%
=Funding pays, the price is against you. KuCoin is 0.040% cheaper against BingX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.012%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PIPPIN-USDT | 0.01902 | 0.0712 | pay 0.0356% / 4h | 3h 01m | — | $1.3M | — |
| Short | KuCoin PIPPINUSDTM | 0.01901 | 0.1064 | get 0.0532% / 4h | 3h 01m | $2.1M | $5.5M | 25x |
BingX PIPPIN-USDT
KuCoin PIPPINUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $73.92
- Price spread: −0.053% → −0.012%
- −$4.04
- Slippage, 4 orders
- −$141.81
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$93.93
- Costs to cover
- 1.638%
- Break-even
- 15.9 days
Slippage from BingX: live order book, 14 min ago; KuCoin: live order book, 1 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, 14 min ago | 2.62 bp | 37.0 bp −$37 | 189.7 bp −$1,897 | 758.6 bp −$75.9K | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 5.26 bp | 35.3 bp −$35 | doesn't fit | 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 | 0.01905 | +0.158% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01900 | −0.105% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01901 | −0.049% | $5.4M | $5.0M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01901 | −0.053% | $2.5M | $715K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01897 | −0.263% | $3K | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01890 | −0.631% | $34K | $14K | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0125% | 4h | 0.01900 | −0.105% | $252K | $26K | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0134% | 4h | 0.01900 | −0.105% | $1.8M | $318K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0251% | 4h | 0.01903 | +0.053% | $1.5M | $3.3M | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0636% | 4h | 0.01902 | 0.000% | $3.6M | $1.4M | 13x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAP
Bybit PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTlong | +0.0712% | 4h | 0.01902 | long leg | — | $1.3M | — | |
| Bitget PIPPINUSDT | +0.0732% | 4h | 0.01902 | 0.000% | $1.6M | $305K | 10x | as long as short |
| KuCoin PIPPINUSDTMshort | +0.1064% | 4h | 0.01901 | −0.053% | $2.1M | $5.5M | 25x |
Bitget PIPPINUSDT