Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.044%
Price spread now: SunX against Bybit−0.265%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1761.761% of the position
Funding, last 7 days−0.263%−$26 on $10k
+Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.265%, 7d avg −0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.230% cheaper against Bybit than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIPPINUSDT | 0.01889 | 0.0100 | pay 0.0050% / 4h | 46m 19s | $3.6M | $1.4M | 13x |
| Short | SunX PIPPIN-USDT | 0.01884 | 0.0100 | get 0.0050% / 4h | 46m 19s | $970 | $10.1M | 20x |
Bybit PIPPINUSDT
SunX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$0.03
- Price spread: −0.265% → −0.035%
- −$23.01
- Slippage, 4 orders
- −$157.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$199.14
- Costs to cover
- 1.761%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 13 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, 1 min ago | 5.30 bp | 25.6 bp −$26 | 288.6 bp −$2,886 | doesn't fit | doesn't fit |
| Sell SunX live order book, 13 min ago | 21.09 bp | 65.3 bp −$65 | 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 | 0.01886 | −0.156% | $110K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01886 | −0.159% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01887 | −0.106% | $5.3M | $4.9M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01886 | −0.159% | $2.4M | $729K | 50x | as long as short |
| SunX PIPPIN-USDTshort | +0.0100% | 4h | 0.01884 | −0.265% | $970 | $10.1M | 20x | |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01879 | −0.529% | $34K | $14K | 20x | as long as short |
| Bybit PIPPINUSDTlong | +0.0100% | 4h | 0.01889 | long leg | $3.6M | $1.4M | 13x | |
| BloFin PIPPIN-USDT | +0.0120% | 4h | 0.01883 | −0.318% | $252K | $25K | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0213% | 4h | 0.01886 | −0.159% | $1.5M | $3.2M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0232% | 4h | 0.01884 | −0.265% | $1.8M | $305K | 20x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
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 | +0.0896% | 4h | 0.01887 | −0.106% | $2.1M | $5.0M | 25x | as long as short |
| Bitget PIPPINUSDT | +0.0962% | 4h | 0.01888 | −0.053% | $1.6M | $320K | 10x | as long as short |
| BingX PIPPIN-USDT | +0.1012% | 4h | 0.01887 | −0.106% | — | $1.3M | — | as long as short |
KuCoin PIPPINUSDTM
Bitget PIPPINUSDT
BingX PIPPIN-USDT