Funding you earn now, next payment 04:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.97 per $10,000 · paid last 24h −0.034%
Price spread now: OKX against Gate+0.104%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$731as in the Funding arb table
Net, price: spread back to 7d avg − costs−$754as in the Price arb table
costs, in and out, $10k−$7577.567% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 7 days−0.085%−$8 · spread now +0.104%, 7d avg +0.078%
=The price spread pays, funding is against you. OKX is 0.027% dearer against Gate than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.078%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.252%, 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 | 0.01914 | 0.0294 | pay 0.0147% / 4h | 2h 26m | $1.8M | $305K | 20x |
| Short | OKX PIPPIN-USDT-SWAP | 0.01916 | 0.0100 | get 0.0050% / 4h | 2h 26m | $1.6M | $3.2M | 20x |
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$40.74
- Price spread: +0.104% → +0.078%
- $2.68
- Slippage, 4 orders
- −$731.69
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$794.75
- Costs to cover
- 7.567%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 5.22 bp | 155.8 bp −$156 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.61 bp | 23.8 bp −$24 | 131.0 bp −$1,310 | doesn't fit | doesn't fit |
PIPPIN on 12 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 | 0.01911 | −0.169% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01915 | +0.052% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01915 | +0.046% | $5.4M | $4.8M | 25x | as long as short |
| OKX PIPPIN-USDT-SWAPshort | +0.0100% | 4h | 0.01916 | +0.104% | $1.6M | $3.2M | 20x | |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01914 | 0.000% | $2.5M | $743K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01917 | +0.157% | $1K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01904 | −0.522% | $34K | $15K | 20x | as long as short |
| Gate PIPPIN_USDTlong | +0.0294% | 4h | 0.01914 | long leg | $1.8M | $305K | 20x | |
| Bybit PIPPINUSDT | +0.0335% | 4h | 0.01917 | +0.157% | $3.7M | $1.4M | 13x | as long as short |
| KuCoin PIPPINUSDTM | +0.1700% | 4h | 0.01916 | +0.104% | $2.1M | $4.5M | 25x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
KuCoin PIPPINUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.2044% | 4h | 0.01913 | −0.052% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.2178% | 4h | 0.01915 | +0.052% | $1.6M | $328K | 10x | as long as short |
BingX PIPPIN-USDT
Bitget PIPPINUSDT