Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%
Price spread now: MEXC against Bybit−0.053%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 7 days+0.004%$0 · spread now −0.053%, 7d avg −0.158%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.105% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.158%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIPPINUSDT | 0.01896 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $3.6M | $1.4M | 13x |
| Short | MEXC PIPPIN_USDT | 0.01895 | 0.0100 | get 0.0050% / 4h | 1h 37m | $2.4M | $726K | 50x |
Bybit PIPPINUSDT
MEXC PIPPIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- Price spread: −0.053% → −0.158%
- $10.55
- Slippage, 4 orders
- −$66.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$67.19
- Costs to cover
- 0.777%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 9 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, 5 min ago | 5.25 bp | 27.1 bp −$27 | 269.3 bp −$2,693 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 5.27 bp | 10.6 bp −$11 | 102.3 bp −$1,023 | 226.3 bp −$22.6K | 496.5 bp −$248.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PIPPIN | −0.0778% | 1h | 0.01896 | −0.016% | $18K | $9K | 3x | as long as short |
| Aster PIPPINUSDT | +0.0037% | 4h | 0.01896 | −0.005% | $110K | $33K | 5x | as long as short |
| BloFin PIPPIN-USDT | +0.0056% | 4h | 0.01894 | −0.105% | $252K | $27K | 25x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01895 | −0.028% | $5.4M | $4.8M | 25x | as long as short |
| Bybit PIPPINUSDTlong | +0.0100% | 4h | 0.01896 | long leg | $3.6M | $1.4M | 13x | |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01896 | 0.000% | $1.5M | $3.3M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01895 | −0.053% | $1.8M | $302K | 20x | as long as short |
| MEXC PIPPIN_USDTshort | +0.0100% | 4h | 0.01895 | −0.053% | $2.4M | $726K | 50x | |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01890 | −0.316% | $2K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01884 | −0.633% | $34K | $14K | 20x | as long as short |
Pacifica PIPPIN
Aster PIPPINUSDT
BloFin PIPPIN-USDT
Binance PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTM | +0.1306% | 4h | 0.01897 | +0.053% | $2.1M | $4.8M | 25x | as long as short |
| Bitget PIPPINUSDT | +0.1656% | 4h | 0.01898 | +0.105% | $1.6M | $325K | 10x | as long as short |
| BingX PIPPIN-USDT | +0.1659% | 4h | 0.01902 | +0.316% | — | $1.3M | — | as long as short |
KuCoin PIPPINUSDTM
Bitget PIPPINUSDT
BingX PIPPIN-USDT