PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.42 per $10,000 · paid last 24h +0.010%

Price spread now: Binance against Bitget−0.134%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$940.941% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days+0.105%+$11 · spread now −0.134%, 7d avg −0.049%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.086% cheaper against Bitget than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.049%). If the spread goes back, that is −$9 on $10k: about 3.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIPPINUSDT	0.01896	0.0100	pay 0.0050% / 4h	1h 17m	$1.6M	$337K	10x
Short	Binance PIPPINUSDT	0.01893	0.0185	get 0.0092% / 4h	1h 17m	$5.3M	$4.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.134%Rate

Funding earned: $17.8
Price spread: −0.134% → −0.049%: −$8.56
Slippage, 4 orders: −$72.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$84.87
Costs to cover: 0.941%
Break-even: 40.4 days

Slippage from Bitget: live order book, 5 min ago; Binance: 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 Bitget live order book, 5 min ago	5.27 bp	29.2 bp −$29	286.4 bp −$2,864	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.64 bp	22.8 bp −$23	149.1 bp −$1,491	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	0.01894	−0.105%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01895	−0.079%	$18K	$9K	3x	as long as short
Bitget PIPPINUSDTlong	+0.0100%	4h	0.01896	long leg	$1.6M	$337K	10x
SunX PIPPIN-USDT	+0.0100%	4h	0.01895	−0.053%	$1K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01885	−0.580%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0118%	4h	0.01895	−0.053%	$1.6M	$3.3M	20x	as long as short
BloFin PIPPIN-USDT	+0.0156%	4h	0.01892	−0.211%	$250K	$27K	25x	as long as short
Binance PIPPINUSDTshort	+0.0185%	4h	0.01893	−0.134%	$5.3M	$4.6M	25x
MEXC PIPPIN_USDT	+0.0206%	4h	0.01893	−0.158%	$2.6M	$750K	50x	as long as short
Gate PIPPIN_USDT	+0.0524%	4h	0.01895	−0.053%	$1.8M	$304K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.0526%	4h	0.01896	0.000%	$2.1M	$3.5M	25x	as long as short
Bybit PIPPINUSDT	+0.0570%	4h	0.01895	−0.053%	$3.6M	$1.4M	13x	as long as short
BingX PIPPIN-USDT	+0.0580%	4h	0.01895	−0.053%	—	$1.3M	—	as long as short