Funding you earn now, next payment 00:00 UTC+0.0641%/8h= +70.2% APRnext payment +$3.21 per $10,000 · paid last 24h +0.027%
Price spread now: Gate against BloFin+0.422%108s7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$633as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$6206.200% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 3 days (all we have)−0.613%−$61 · spread now +0.422%, 7d avg −0.067%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Gate is 0.489% dearer against BloFin than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of −0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.127%, so the current rate has only just turned in your favour. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.21 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 | 0.01895 | 0.0133 | pay 0.0066% / 4h | 2h 33m | $250K | $27K | 25x |
| Short | Gate PIPPIN_USDT | 0.01903 | 0.0774 | get 0.0387% / 4h | 2h 33m | $1.8M | $305K | 20x |
BloFin PIPPIN-USDT
Gate PIPPIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $134.7
- Price spread: +0.422% → −0.067%
- $48.91
- Slippage, 4 orders
- −$593.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$436.43
- Costs to cover
- 6.200%
- Break-even
- 29.7 days
Slippage from BloFin: live order book, 50 min ago; Gate: 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, 50 min ago | 2.63 bp | 12.4 bp −$12 | 81.8 bp −$818 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.26 bp | 383.4 bp −$383 | doesn't fit | 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 | 0.01899 | +0.211% | $110K | $32K | 5x | as long as short |
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01900 | +0.264% | $1.6M | $349K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01901 | +0.317% | $3K | $9.6M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01889 | −0.317% | $34K | $16K | 20x | as long as short |
| BloFin PIPPIN-USDTlong | +0.0133% | 4h | 0.01895 | long leg | $250K | $27K | 25x | |
| Pacifica PIPPIN | +0.0134% | 1h | 0.01899 | +0.211% | $18K | $9K | 3x | as long as short |
| MEXC PIPPIN_USDT | +0.0138% | 4h | 0.01897 | +0.106% | $2.5M | $766K | 50x | as long as short |
| Binance PIPPINUSDT | +0.0138% | 4h | 0.01898 | +0.158% | $5.3M | $4.5M | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0151% | 4h | 0.01901 | +0.317% | $1.6M | $3.2M | 20x | as long as short |
| BingX PIPPIN-USDT | +0.0330% | 4h | 0.01900 | +0.264% | — | $1.3M | — | as long as short |
Aster PIPPINUSDT
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Pacifica PIPPIN
MEXC PIPPIN_USDT
Binance PIPPINUSDT
OKX PIPPIN-USDT-SWAP
BingX PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTM | +0.0340% | 4h | 0.01901 | +0.317% | $2.1M | $3.2M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0668% | 4h | 0.01902 | +0.369% | $3.6M | $1.3M | 13x | as long as short |
| Gate PIPPIN_USDTshort | +0.0774% | 4h | 0.01903 | +0.422% | $1.8M | $305K | 20x |
KuCoin PIPPINUSDTM
Bybit PIPPINUSDT