PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0554%/8h= +60.7% APRnext payment +$2.77 per $10,000 · paid last 24h +0.264%

Price spread now: BingX against HTX+0.582%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BingX is 0.582% dearer against HTX than usual: you sell high and buy low: +$58 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PIPPIN-USDT	0.01889	0.0100	pay 0.0050% / 4h	27m 36s	$34K	$16K	20x
Short	BingX PIPPIN-USDT	0.01900	0.0654	get 0.0327% / 4h	27m 36s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now +0.582%Rate

Funding earned: $116.34
Price spread: +0.582% → 0.000%: $58.23
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $152.57
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	5.27 bp	19.6 bp −$20	110.0 bp −$1,100	313.3 bp −$31.3K	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0095%	4h	0.01900	+0.582%	$251K	$28K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01897	+0.415%	$110K	$34K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01897	+0.429%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01901	+0.642%	$5.3M	$4.6M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01899	+0.529%	$1.5M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01897	+0.424%	$2.4M	$763K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01899	+0.529%	$2K	$9.8M	20x	as long as short
HTX PIPPIN-USDTlong	+0.0100%	4h	0.01889	long leg	$34K	$16K	20x
Gate PIPPIN_USDT	+0.0430%	4h	0.01898	+0.476%	$1.8M	$305K	20x	as long as short
Bybit PIPPINUSDT	+0.0456%	4h	0.01900	+0.582%	$3.7M	$1.4M	13x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDTshort	+0.0654%	4h	0.01900	+0.582%	—	$1.3M	—
Bitget PIPPINUSDT	+0.0690%	4h	0.01899	+0.529%	$1.6M	$333K	10x	as long as short
KuCoin PIPPINUSDTM	+0.0844%	4h	0.01898	+0.476%	$2.1M	$3.8M	25x	as long as short