PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.041%

Price spread now: SunX against BloFin+0.105%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1661.657% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.403%−$40 on $10k

Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.105%, 7d avg +0.043%

Together, before fees−0.671%−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.062% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.403%, 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	BloFin PIPPIN-USDT	0.01907	0.0057	pay 0.0028% / 4h	3h 47m	$256K	$32K	25x
Short	SunX PIPPIN-USDT	0.01909	0.0100	get 0.0050% / 4h	3h 47m	$1K	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $9.07
Price spread: +0.105% → +0.043%: $6.17
Slippage, 4 orders: −$145.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$150.47
Costs to cover: 1.657%
Break-even: 123.1 days

Slippage from BloFin: live order book, 19 min ago; SunX: live order book, 12 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, 19 min ago	2.62 bp	22.0 bp −$22	86.8 bp −$868	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	18.34 bp	67.0 bp −$67	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
BloFin PIPPIN-USDTlong	+0.0057%	4h	0.01907	long leg	$256K	$32K	25x
Aster PIPPINUSDT	+0.0100%	4h	0.01903	−0.210%	$111K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01905	−0.105%	$18K	$5K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01907	0.000%	$5.4M	$5.3M	25x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01907	0.000%	$3.6M	$1.5M	13x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01905	−0.105%	$2.7M	$782K	50x	as long as short
SunX PIPPIN-USDTshort	+0.0100%	4h	0.01909	+0.105%	$1K	$10.4M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01896	−0.577%	$34K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0144%	4h	0.01908	+0.052%	$1.5M	$3.5M	20x	as long as short
BingX PIPPIN-USDT	+0.0216%	4h	0.01909	+0.105%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PIPPIN_USDT	+0.0222%	4h	0.01904	−0.157%	$1.8M	$319K	20x	as long as short
Bitget PIPPINUSDT	+0.0222%	4h	0.01908	+0.052%	$1.6M	$330K	10x	as long as short
KuCoin PIPPINUSDTM	+0.0452%	4h	0.01906	−0.052%	$2.1M	$6.4M	25x	as long as short