Funding you earn now, next payment 08:00 UTC+0.0400%/8h= +43.8% APRnext payment +$2.00 per $10,000 · paid last 24h +0.047%
Price spread now: BingX against MEXC+0.158%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days+0.652%+$65 on $10k
+Price spread, last 7 days−0.129%−$13 · spread now +0.158%, 7d avg +0.108%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BingX is 0.050% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PIPPIN_USDT | 0.01903 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $2.4M | $707K | 50x |
| Short | BingX PIPPIN-USDT | 0.01906 | 0.0500 | get 0.0250% / 4h | 3h 55m | — | $1.3M | — |
MEXC PIPPIN_USDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $84
- Price spread: +0.158% → +0.108%
- $4.99
- Slippage, 4 orders
- −$75.33
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $3.66
- Costs to cover
- 0.853%
- Break-even
- 6.7 days
Slippage from MEXC: live order book, 2 min ago; BingX: 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 MEXC live order book, 2 min ago | 2.63 bp | 23.1 bp −$23 | 110.4 bp −$1,104 | 221.9 bp −$22.2K | 492.8 bp −$246.4K |
| Sell BingX live order book, 1 min ago | 2.63 bp | 27.3 bp −$27 | 114.4 bp −$1,144 | 257.4 bp −$25.7K | 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 | 0.01902 | −0.071% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01903 | −0.026% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01904 | +0.053% | $5.4M | $4.9M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01905 | +0.105% | $3.6M | $1.4M | 13x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01901 | −0.105% | $1.8M | $311K | 20x | as long as short |
| MEXC PIPPIN_USDTlong | +0.0100% | 4h | 0.01903 | long leg | $2.4M | $707K | 50x | |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01906 | +0.158% | $2K | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01889 | −0.736% | $34K | $14K | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0112% | 4h | 0.01903 | 0.000% | $253K | $22K | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0216% | 4h | 0.01906 | +0.158% | $1.5M | $3.3M | 20x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
Bybit PIPPINUSDT
Gate PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
OKX PIPPIN-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0474% | 4h | 0.01906 | +0.158% | $1.6M | $313K | 10x | as long as short |
| BingX PIPPIN-USDTshort | +0.0500% | 4h | 0.01906 | +0.158% | — | $1.3M | — | |
| KuCoin PIPPINUSDTM | +0.0718% | 4h | 0.01904 | +0.053% | $2.1M | $5.3M | 25x | as long as short |
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM