PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0412%/8h= −45.1% APRnext payment −$2.06 per $10,000 · paid last 24h +0.035%

Price spread now: BingX against Gate0.000%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$547as in the Funding arb table

Net, price: spread back to 7d avg − costs−$631as in the Price arb table

costs, in and out, $10k−$6236.232% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.760%+$76 on $10k

Price spread, last 7 days−0.029%−$3 · spread now 0.000%, 7d avg +0.074%

Together, before fees+0.731%+$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BingX is 0.074% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.760%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIPPIN_USDT	0.01896	0.0512	pay 0.0256% / 4h	2h 38m	$1.8M	$304K	20x
Short	BingX PIPPIN-USDT	0.01896	0.0100	get 0.0050% / 4h	2h 38m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$86.52
Price spread: 0.000% → +0.074%: −$7.36
Slippage, 4 orders: −$598.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$717.12
Costs to cover: 6.232%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; BingX: live order book, 8 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 Gate live order book, 4 min ago	2.63 bp	193.0 bp −$193	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.63 bp	41.9 bp −$42	137.9 bp −$1,379	303.4 bp −$30.3K	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	+0.0047%	4h	0.01897	+0.053%	$251K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01894	−0.106%	$110K	$32K	5x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01894	−0.105%	$5.3M	$4.5M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01894	−0.105%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01894	−0.105%	$2.5M	$761K	50x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01896	0.000%	$1.6M	$349K	10x	as long as short
BingX PIPPIN-USDTshort	+0.0100%	4h	0.01896	0.000%	—	$1.3M	—
SunX PIPPIN-USDT	+0.0100%	4h	0.01896	0.000%	$182	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.422%	$34K	$16K	20x	as long as short
Pacifica PIPPIN	+0.0134%	1h	0.01895	−0.053%	$18K	$9K	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.0232%	4h	0.01896	0.000%	$2.1M	$3.2M	25x	as long as short
Bybit PIPPINUSDT	+0.0330%	4h	0.01896	0.000%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDTlong	+0.0512%	4h	0.01896	long leg	$1.8M	$304K	20x