Funding you earn now, next payment 08:00 UTC+0.0631%/8h= +69.1% APRnext payment +$3.16 per $10,000 · paid last 24h +0.077%
Price spread now: BingX against BloFin+0.157%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$910.907% of the position
Funding, last 7 days+0.689%+$69 on $10k
+Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.157%, 7d avg +0.048%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and BingX is 0.109% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIPPIN-USDT | 0.01909 | 0.0067 | pay 0.0033% / 4h | 2h 57m | $255K | $26K | 25x |
| Short | BingX PIPPIN-USDT | 0.01912 | 0.0698 | get 0.0349% / 4h | 2h 57m | — | $1.3M | — |
BloFin PIPPIN-USDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $132.57
- Price spread: +0.157% → +0.048%
- $10.9
- Slippage, 4 orders
- −$68.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $52.8
- Costs to cover
- 0.907%
- Break-even
- 4.2 days
Slippage from BloFin: live order book, 24 min ago; BingX: live order book, 4 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, 24 min ago | 5.25 bp | 18.3 bp −$18 | 110.2 bp −$1,102 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 7.88 bp | 25.2 bp −$25 | 125.5 bp −$1,255 | 261.3 bp −$26.1K | 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-USDTlong | +0.0067% | 4h | 0.01909 | long leg | $255K | $26K | 25x | |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01908 | −0.035% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01905 | −0.189% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01911 | +0.105% | $5.4M | $5.0M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01910 | +0.052% | $2.5M | $706K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01911 | +0.105% | $2K | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01891 | −0.943% | $34K | $14K | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0272% | 4h | 0.01909 | 0.000% | $1.8M | $317K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0275% | 4h | 0.01912 | +0.157% | $1.5M | $3.4M | 20x | as long as short |
| BingX PIPPIN-USDTshort | +0.0698% | 4h | 0.01912 | +0.157% | — | $1.3M | — |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0734% | 4h | 0.01910 | +0.052% | $1.6M | $310K | 10x | as long as short |
| Bybit PIPPINUSDT | +0.1010% | 4h | 0.01913 | +0.210% | $3.7M | $1.4M | 13x | as long as short |
| KuCoin PIPPINUSDTM | +0.1094% | 4h | 0.01909 | 0.000% | $2.1M | $5.5M | 25x | as long as short |
Bitget PIPPINUSDT
Bybit PIPPINUSDT
KuCoin PIPPINUSDTM