Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.011%
Price spread now: BloFin against MEXC+0.052%64s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.785% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.052%, 7d avg +0.053%
=The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PIPPIN_USDT | 0.01909 | 0.0100 | pay 0.0050% / 4h | 37m 59s | $2.7M | $758K | 50x |
| Short | BloFin PIPPIN-USDT | 0.01910 | 0.0078 | get 0.0039% / 4h | 37m 59s | $254K | $27K | 25x |
MEXC PIPPIN_USDT
BloFin PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$4.57
- Price spread: +0.052% → +0.053%
- −$0.11
- Slippage, 4 orders
- −$66.5
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$83.18
- Costs to cover
- 0.785%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 34 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, 4 min ago | 2.61 bp | 23.4 bp −$23 | 137.3 bp −$1,373 | 226.7 bp −$22.7K | 465.9 bp −$232.9K |
| Sell BloFin live order book, 34 min ago | 2.61 bp | 22.7 bp −$23 | 55.1 bp −$551 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PIPPIN-USDTshort | +0.0078% | 4h | 0.01910 | +0.052% | $254K | $27K | 25x | |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01910 | +0.062% | $111K | $35K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01910 | +0.052% | $18K | $5K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01908 | −0.031% | $5.4M | $5.3M | 25x | as long as short |
| MEXC PIPPIN_USDTlong | +0.0100% | 4h | 0.01909 | long leg | $2.7M | $758K | 50x | |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01911 | +0.105% | $1K | $10.4M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01907 | −0.105% | $35K | $14K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0150% | 4h | 0.01909 | 0.000% | $3.6M | $1.5M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0231% | 4h | 0.01908 | −0.052% | $1.5M | $3.5M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0254% | 4h | 0.01908 | −0.052% | $1.8M | $328K | 20x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0782% | 4h | 0.01914 | +0.262% | $1.6M | $323K | 10x | as long as short |
| BingX PIPPIN-USDT | +0.0792% | 4h | 0.01909 | 0.000% | — | $1.3M | — | as long as short |
| KuCoin PIPPINUSDTM | +0.0824% | 4h | 0.01912 | +0.157% | $2.1M | $6.2M | 25x | as long as short |
Bitget PIPPINUSDT
BingX PIPPIN-USDT
KuCoin PIPPINUSDTM