PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0496%/8h= +54.3% APRnext payment +$2.48 per $10,000 · paid last 24h +0.059%

Price spread now: BingX against Bitget−0.053%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$990.994% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.487%+$49 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.053%, 7d avg +0.046%

Together, before fees+0.520%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.099% cheaper against Bitget than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.046%). If the spread goes back, that is −$10 on $10k: about 16 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.487% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIPPINUSDT	0.01897	0.0100	pay 0.0050% / 4h	1h 23m	$1.6M	$338K	10x
Short	BingX PIPPIN-USDT	0.01896	0.0596	get 0.0298% / 4h	1h 23m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $104.08
Price spread: −0.053% → +0.046%: −$9.92
Slippage, 4 orders: −$77.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$5.23
Costs to cover: 0.994%
Break-even: 7.4 days

Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 8 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, 4 min ago	7.91 bp	28.5 bp −$28	285.8 bp −$2,858	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	5.27 bp	24.3 bp −$24	125.4 bp −$1,254	241.8 bp −$24.2K	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	0.01895	−0.098%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01896	−0.063%	$18K	$9K	3x	as long as short
Bitget PIPPINUSDTlong	+0.0100%	4h	0.01897	long leg	$1.6M	$338K	10x
SunX PIPPIN-USDT	+0.0100%	4h	0.01896	−0.053%	$2K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01887	−0.527%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0148%	4h	0.01896	−0.053%	$1.6M	$3.3M	20x	as long as short
Binance PIPPINUSDT	+0.0263%	4h	0.01895	−0.105%	$5.3M	$4.6M	25x	as long as short
MEXC PIPPIN_USDT	+0.0272%	4h	0.01895	−0.105%	$2.6M	$749K	50x	as long as short
BloFin PIPPIN-USDT	+0.0275%	4h	0.01893	−0.211%	$250K	$27K	25x	as long as short
KuCoin PIPPINUSDTM	+0.0542%	4h	0.01897	0.000%	$2.1M	$3.4M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDTshort	+0.0596%	4h	0.01896	−0.053%	—	$1.3M	—
Gate PIPPIN_USDT	+0.0602%	4h	0.01897	0.000%	$1.8M	$303K	20x	as long as short
Bybit PIPPINUSDT	+0.0655%	4h	0.01897	0.000%	$3.6M	$1.4M	13x	as long as short