PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.88 per $10,000 · paid last 24h +0.015%

Price spread now: BloFin against OKX−0.158%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.158%, 7d avg −0.028%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.130% cheaper against OKX than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of −0.028%). If the spread goes back, that is −$13 on $10k: about 2.5 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIPPIN-USDT-SWAP	0.01899	0.0139	pay 0.0070% / 4h	1h 29m	$1.6M	$3.3M	20x
Short	BloFin PIPPIN-USDT	0.01896	0.0315	get 0.0158% / 4h	1h 29m	$251K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.158%Rate

Funding earned: $36.94
Price spread: −0.158% → −0.028%: −$13.03
Slippage, 4 orders: −$56.8
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$54.89
Costs to cover: 0.788%
Break-even: 17.4 days

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 47 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, 3 min ago	5.27 bp	22.4 bp −$22	132.9 bp −$1,329	doesn't fit	doesn't fit
Sell BloFin live order book, 47 min ago	2.63 bp	24.0 bp −$24	88.7 bp −$887	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
Aster PIPPINUSDT	+0.0100%	4h	0.01895	−0.211%	$110K	$32K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01897	−0.105%	$18K	$9K	3x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01899	0.000%	$1.6M	$339K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01899	0.000%	$1K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01886	−0.685%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0139%	4h	0.01899	long leg	$1.6M	$3.3M	20x
Binance PIPPINUSDT	+0.0306%	4h	0.01897	−0.113%	$5.3M	$4.6M	25x	as long as short
MEXC PIPPIN_USDT	+0.0314%	4h	0.01897	−0.105%	$2.6M	$749K	50x	as long as short
BloFin PIPPIN-USDTshort	+0.0315%	4h	0.01896	−0.158%	$251K	$27K	25x
KuCoin PIPPINUSDTM	+0.0498%	4h	0.01898	−0.053%	$2.1M	$3.4M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0616%	4h	0.01899	0.000%	$3.6M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0638%	4h	0.01896	−0.158%	$1.8M	$302K	20x	as long as short
BingX PIPPIN-USDT	+0.0642%	4h	0.01899	0.000%	—	$1.3M	—	as long as short