PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.94 per $10,000 · paid last 24h −0.020%

Price spread now: Bybit against Bitget0.000%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.344%−$34 on $10k

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg +0.096%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.096% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.096%). If the spread goes back, that is −$10 on $10k: about 41 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.344%, 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	0.01908	0.0660	pay 0.0330% / 4h	2h 40m	$1.6M	$315K	10x
Short	Bybit PIPPINUSDT	0.01908	0.0847	get 0.0424% / 4h	2h 40m	$3.7M	$1.4M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $39.32
Price spread: 0.000% → +0.096%: −$9.57
Slippage, 4 orders: −$75.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.86
Costs to cover: 0.986%
Break-even: 19.3 days

Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	5.24 bp	32.7 bp −$33	351.6 bp −$3,516	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.62 bp	24.5 bp −$25	187.0 bp −$1,870	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	0.01904	−0.212%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01905	−0.142%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01907	−0.052%	$5.4M	$5.1M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01907	−0.052%	$2.5M	$708K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01904	−0.210%	$735	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01902	−0.314%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0158%	4h	0.01907	−0.052%	$253K	$27K	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0284%	4h	0.01908	0.000%	$1.5M	$3.4M	20x	as long as short
Gate PIPPIN_USDT	+0.0376%	4h	0.01905	−0.157%	$1.8M	$320K	20x	as long as short
Bitget PIPPINUSDTlong	+0.0660%	4h	0.01908	long leg	$1.6M	$315K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDTshort	+0.0847%	4h	0.01908	0.000%	$3.7M	$1.4M	13x
BingX PIPPIN-USDT	+0.0872%	4h	0.01911	+0.157%	—	$1.3M	—	as long as short
KuCoin PIPPINUSDTM	+0.0984%	4h	0.01909	+0.052%	$2.1M	$5.6M	25x	as long as short