Funding you earn now, next payment 00:00 UTC−0.0572%/8h= −62.6% APRnext payment −$2.86 per $10,000 · paid last 24h −0.132%
Price spread now: SunX against BingX+0.053%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1761.758% of the position
Funding, last 7 days−1.034%−$103 on $10k
+Price spread, last 3 days (all we have)−0.161%−$16 · spread now +0.053%, 7d avg −0.011%
=The price spread pays, funding is against you. SunX is 0.064% dearer against BingX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.011%): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 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 31m | — | $1.3M | — |
| Short | SunX PIPPIN-USDT | 0.01899 | 0.0100 | get 0.0050% / 4h | 2h 31m | $836 | $9.7M | 20x |
BingX PIPPIN-USDT
SunX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$120.12
- Price spread: +0.053% → −0.011%
- $6.36
- Slippage, 4 orders
- −$157.77
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$289.54
- Costs to cover
- 1.758%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago | 7.89 bp | 24.0 bp −$24 | 156.4 bp −$1,564 | 720.0 bp −$72.0K | doesn't fit |
| Sell SunX live order book, 7 min ago | 18.47 bp | 69.0 bp −$69 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PIPPIN-USDT | +0.0100% | 4h | 0.01897 | −0.053% | $250K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01899 | +0.053% | $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-USDTshort | +0.0100% | 4h | 0.01899 | +0.053% | $836 | $9.7M | 20x | |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01889 | −0.474% | $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 | +0.0149% | 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 | $766K | 50x | as long as short |
| 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 |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Bitget PIPPINUSDT
HTX PIPPIN-USDT
Pacifica PIPPIN
OKX PIPPIN-USDT-SWAP
MEXC PIPPIN_USDT
Binance PIPPINUSDT
KuCoin PIPPINUSDTMShow 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 | +0.0764% | 4h | 0.01903 | +0.263% | $1.8M | $305K | 20x | as long as short |
Bybit PIPPINUSDT
Gate PIPPIN_USDT