PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h +0.012%

Price spread now: Binance against BloFin+0.105%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$870.874% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.165%−$17 · spread now +0.105%, 7d avg −0.027%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.132% dearer against BloFin than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.027%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PIPPIN-USDT	0.01908	0.0148	pay 0.0074% / 4h	3h 58m	$255K	$32K	25x
Short	Binance PIPPINUSDT	0.01910	0.0100	get 0.0050% / 4h	3h 58m	$5.4M	$5.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.105%Rate

Funding earned: −$10
Price spread: +0.105% → −0.027%: $13.16
Slippage, 4 orders: −$65.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$84.25
Costs to cover: 0.874%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; Binance: live order book, 9 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 BloFin live order book, 8 min ago	2.62 bp	22.0 bp −$22	86.8 bp −$868	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.62 bp	22.1 bp −$22	166.1 bp −$1,661	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	0.01908	−0.021%	$111K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01908	+0.010%	$18K	$5K	3x	as long as short
Binance PIPPINUSDTshort	+0.0100%	4h	0.01910	+0.105%	$5.4M	$5.3M	25x
Bybit PIPPINUSDT	+0.0100%	4h	0.01910	+0.105%	$3.7M	$1.5M	13x	as long as short
Gate PIPPIN_USDT	+0.0100%	4h	0.01907	−0.052%	$1.8M	$319K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01908	0.000%	$2.8M	$778K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01907	−0.052%	$2K	$10.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01898	−0.524%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDTlong	+0.0148%	4h	0.01908	long leg	$255K	$32K	25x
OKX PIPPIN-USDT-SWAP	+0.0162%	4h	0.01910	+0.105%	$1.5M	$3.5M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PIPPINUSDT	+0.0258%	4h	0.01908	0.000%	$1.6M	$328K	10x	as long as short
BingX PIPPIN-USDT	+0.0302%	4h	0.01909	+0.052%	—	$1.4M	—	as long as short
KuCoin PIPPINUSDTM	+0.0472%	4h	0.01909	+0.052%	$2.1M	$6.4M	25x	as long as short