Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.075%
Price spread now: BingX against Bybit+0.158%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
Funding, last 7 days+0.823%+$82 on $10k
+Price spread, last 7 days−0.187%−$19 · spread now +0.158%, 7d avg −0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.208% dearer against Bybit than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIPPINUSDT | 0.01903 | 0.0977 | pay 0.0488% / 4h | 2h 23m | $3.6M | $1.5M | 13x |
| Short | BingX PIPPIN-USDT | 0.01906 | 0.0976 | get 0.0488% / 4h | 2h 23m | — | $1.3M | — |
Bybit PIPPINUSDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$0.18
- Price spread: +0.158% → −0.051%
- $20.82
- Slippage, 4 orders
- −$78.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$78.99
- Costs to cover
- 0.996%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 6 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 Bybit live order book, 4 min ago | 2.62 bp | 27.0 bp −$27 | 172.0 bp −$1,720 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 7.83 bp | 22.1 bp −$22 | 114.7 bp −$1,147 | 481.8 bp −$48.2K | 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-USDT | +0.0097% | 4h | 0.01912 | +0.473% | $256K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01905 | +0.119% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01905 | +0.116% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01905 | +0.119% | $5.4M | $5.2M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01904 | +0.053% | $2.6M | $734K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01906 | +0.158% | $2K | $10.4M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01903 | 0.000% | $34K | $14K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0370% | 4h | 0.01904 | +0.053% | $1.5M | $3.5M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0406% | 4h | 0.01905 | +0.105% | $1.8M | $323K | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0782% | 4h | 0.01908 | +0.263% | $1.6M | $318K | 10x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
Bitget PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTshort | +0.0976% | 4h | 0.01906 | +0.158% | — | $1.3M | — | |
| Bybit PIPPINUSDTlong | +0.0977% | 4h | 0.01903 | long leg | $3.6M | $1.5M | 13x | |
| KuCoin PIPPINUSDTM | +0.1070% | 4h | 0.01907 | +0.210% | $2.1M | $5.8M | 25x | as long as short |
KuCoin PIPPINUSDTM