Funding you earn now, next payment 04:00 UTC+0.1018%/8h= +111.5% APRnext payment +$5.09 per $10,000 · paid last 24h +0.005%
Price spread now: Bitget against BloFin0.000%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$920.915% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now 0.000%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$31 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.191% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIPPIN-USDT | 0.01887 | 0.0110 | pay 0.0055% / 4h | 50m 59s | $253K | $25K | 25x |
| Short | Bitget PIPPINUSDT | 0.01887 | 0.1128 | get 0.0564% / 4h | 50m 59s | $1.6M | $320K | 10x |
BloFin PIPPIN-USDT
Bitget PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $213.8
- Price spread: 0.000% → +0.009%
- −$0.87
- Slippage, 4 orders
- −$67.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $121.4
- Costs to cover
- 0.915%
- Break-even
- 3.0 days
Slippage from BloFin: live order book, 48 min ago; Bitget: live order book, 1 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, 48 min ago | 2.64 bp | 25.2 bp −$25 | 72.0 bp −$720 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 5.30 bp | 19.5 bp −$20 | 182.1 bp −$1,821 | 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 | 0.01888 | +0.076% | $110K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01887 | −0.005% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01886 | −0.046% | $5.3M | $4.8M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01886 | −0.053% | $2.4M | $727K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01884 | −0.159% | $2K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01888 | +0.053% | $34K | $14K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01888 | +0.053% | $3.6M | $1.4M | 13x | as long as short |
| BloFin PIPPIN-USDTlong | +0.0110% | 4h | 0.01887 | long leg | $253K | $25K | 25x | |
| OKX PIPPIN-USDT-SWAP | +0.0219% | 4h | 0.01887 | 0.000% | $1.5M | $3.2M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0264% | 4h | 0.01886 | −0.053% | $1.8M | $305K | 20x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTM | +0.0992% | 4h | 0.01889 | +0.106% | $2.1M | $5.0M | 25x | as long as short |
| Bitget PIPPINUSDTshort | +0.1128% | 4h | 0.01887 | 0.000% | $1.6M | $320K | 10x | |
| BingX PIPPIN-USDT | +0.1138% | 4h | 0.01893 | +0.318% | — | $1.3M | — | as long as short |
KuCoin PIPPINUSDTM
BingX PIPPIN-USDT