PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.90 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against Bitget+0.368%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 3 days (all we have)−0.277%−$28 · spread now +0.368%, 7d avg +0.008%

Together, before fees−0.424%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.361% dearer against Bitget than usual: you sell high and buy low (spread +0.368% now, against its 7-day average of +0.008%): +$36 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−0.146% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIPPINUSDT	0.01902	0.0264	pay 0.0132% / 4h	55m 06s	$1.6M	$334K	10x
Short	BloFin PIPPIN-USDT	0.01909	0.0085	get 0.0042% / 4h	55m 06s	$250K	$28K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.368%Rate

Funding earned: −$37.68
Price spread: +0.368% → +0.008%: $36.05
Slippage, 4 orders: −$68.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$94.41
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 16 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, 2 min ago	7.86 bp	22.3 bp −$22	302.4 bp −$3,024	doesn't fit	doesn't fit
Sell BloFin live order book, 16 min ago	2.64 bp	18.3 bp −$18	69.8 bp −$698	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-USDTshort	+0.0085%	4h	0.01909	+0.368%	$250K	$28K	25x
Aster PIPPINUSDT	+0.0100%	4h	0.01903	+0.042%	$111K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01907	+0.263%	$18K	$9K	3x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01911	+0.473%	$2K	$9.8M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01892	−0.526%	$34K	$16K	20x	as long as short
MEXC PIPPIN_USDT	+0.0102%	4h	0.01909	+0.368%	$2.5M	$753K	50x	as long as short
Binance PIPPINUSDT	+0.0125%	4h	0.01908	+0.315%	$5.4M	$4.6M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0138%	4h	0.01911	+0.473%	$1.6M	$3.3M	20x	as long as short
Bitget PIPPINUSDTlong	+0.0264%	4h	0.01902	long leg	$1.6M	$334K	10x
BingX PIPPIN-USDT	+0.0560%	4h	0.01906	+0.210%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PIPPIN_USDT	+0.0604%	4h	0.01909	+0.368%	$1.8M	$302K	20x	as long as short
KuCoin PIPPINUSDTM	+0.0684%	4h	0.01910	+0.421%	$2.1M	$3.6M	25x	as long as short
Bybit PIPPINUSDT	+0.0698%	4h	0.01911	+0.473%	$3.7M	$1.4M	13x	as long as short