Funding you earn now, next payment 08:00 UTC+0.0552%/8h= +60.4% APRnext payment +$2.76 per $10,000 · paid last 24h +0.074%
Price spread now: BingX against OKX+0.104%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days+0.544%+$54 on $10k
+Price spread, last 7 days−0.085%−$8 · spread now +0.104%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BingX is 0.105% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PIPPIN-USDT-SWAP | 0.01918 | 0.0250 | pay 0.0125% / 4h | 41m 28s | $1.5M | $3.5M | 20x |
| Short | BingX PIPPIN-USDT | 0.01920 | 0.0802 | get 0.0401% / 4h | 41m 28s | — | $1.3M | — |
OKX PIPPIN-USDT-SWAP
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- $115.86
- Price spread: +0.104% → −0.001%
- $10.48
- Slippage, 4 orders
- −$78.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $27.69
- Costs to cover
- 0.987%
- Break-even
- 5.3 days
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 4 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 OKX live order book, 1 min ago | 2.60 bp | 23.6 bp −$24 | 156.4 bp −$1,564 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 2.60 bp | 30.7 bp −$31 | 134.2 bp −$1,342 | 502.1 bp −$50.2K | 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 | +0.0074% | 4h | 0.01917 | −0.052% | $254K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01916 | −0.111% | $112K | $35K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01918 | 0.000% | $18K | $5K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01917 | −0.052% | $5.4M | $5.3M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01917 | −0.052% | $2.7M | $758K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01925 | +0.365% | $726 | $10.4M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01913 | −0.261% | $35K | $14K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0185% | 4h | 0.01920 | +0.104% | $3.7M | $1.5M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAPlong | +0.0250% | 4h | 0.01918 | long leg | $1.5M | $3.5M | 20x | |
| Gate PIPPIN_USDT | +0.0280% | 4h | 0.01917 | −0.052% | $1.8M | $328K | 20x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTshort | +0.0802% | 4h | 0.01920 | +0.104% | — | $1.3M | — | |
| Bitget PIPPINUSDT | +0.0818% | 4h | 0.01920 | +0.104% | $1.6M | $323K | 10x | as long as short |
| KuCoin PIPPINUSDTM | +0.0862% | 4h | 0.01919 | +0.052% | $2.2M | $6.2M | 25x | as long as short |
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM