Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.019%
Price spread now: Bitget against OKX0.000%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1031.030% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now 0.000%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.047% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PIPPIN-USDT-SWAP | 0.01908 | 0.0186 | pay 0.0093% / 4h | 1m 49s | $1.5M | $3.5M | 20x |
| Short | Bitget PIPPINUSDT | 0.01908 | 0.0282 | get 0.0141% / 4h | 1m 49s | $1.6M | $324K | 10x |
OKX PIPPIN-USDT-SWAP
Bitget PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $20.22
- Price spread: 0.000% → −0.047%
- $4.7
- Slippage, 4 orders
- −$80.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$78.04
- Costs to cover
- 1.030%
- Break-even
- 34.0 days
Slippage from OKX: live order book, just now; Bitget: live order book, 5 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, just now | 5.24 bp | 23.9 bp −$24 | 142.4 bp −$1,424 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 7.86 bp | 25.7 bp −$26 | 207.1 bp −$2,071 | 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-USDT | +0.0084% | 4h | 0.01906 | −0.105% | $254K | $32K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01907 | −0.066% | $111K | $35K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01908 | −0.016% | $18K | $5K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01908 | +0.025% | $5.4M | $5.3M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01907 | −0.052% | $2.8M | $797K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01910 | +0.105% | $1K | $10.4M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01897 | −0.577% | $34K | $14K | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0176% | 4h | 0.01906 | −0.105% | $1.8M | $330K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAPlong | +0.0186% | 4h | 0.01908 | long leg | $1.5M | $3.5M | 20x | |
| Bybit PIPPINUSDT | +0.0216% | 4h | 0.01908 | 0.000% | $3.6M | $1.5M | 13x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Gate PIPPIN_USDT
Bybit PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDTshort | +0.0282% | 4h | 0.01908 | 0.000% | $1.6M | $324K | 10x | |
| BingX PIPPIN-USDT | +0.0302% | 4h | 0.01909 | +0.052% | — | $1.4M | — | as long as short |
| KuCoin PIPPINUSDTM | +0.0508% | 4h | 0.01907 | −0.052% | $2.1M | $6.4M | 25x | as long as short |
BingX PIPPIN-USDT
KuCoin PIPPINUSDTM