Funding you earn now, next payment 23:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h −0.030%
Price spread now: Bybit against Pacifica+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bybit is 0.026% dearer against Pacifica than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PIPPIN | 0.01895 | 0.0100 | pay 0.0013% / 1h | 17m 04s | $18K | $9K | 3x |
| Short | Bybit PIPPINUSDT | 0.01895 | 0.0570 | get 0.0285% / 4h | 1h 17m | $3.6M | $1.4M | 13x |
Pacifica PIPPIN
Bybit PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Pacifica. 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
- $98.75
- Price spread: +0.026% → 0.000%
- $2.64
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $82.39
- Costs to cover
- 0.190%
- Break-even
- 1.2 days
Slippage unknown: Pacifica: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 2.63 bp | 15.7 bp −$16 | 101.9 bp −$1,019 | doesn't fit | doesn't fit |
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.01894 | −0.026% | $110K | $34K | 5x | as long as short |
| Pacifica PIPPINlong | +0.0100% | 1h | 0.01895 | long leg | $18K | $9K | 3x | |
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01896 | +0.079% | $1.6M | $337K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01895 | +0.026% | $1K | $9.8M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01885 | −0.501% | $34K | $16K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0118% | 4h | 0.01895 | +0.026% | $1.6M | $3.3M | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0156% | 4h | 0.01892 | −0.132% | $250K | $27K | 25x | as long as short |
| Binance PIPPINUSDT | +0.0185% | 4h | 0.01893 | −0.055% | $5.3M | $4.6M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0206% | 4h | 0.01893 | −0.079% | $2.6M | $750K | 50x | as long as short |
| Gate PIPPIN_USDT | +0.0524% | 4h | 0.01895 | +0.026% | $1.8M | $304K | 20x | as long as short |
Aster PIPPINUSDT
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
OKX PIPPIN-USDT-SWAP
BloFin PIPPIN-USDT
Binance PIPPINUSDT
MEXC PIPPIN_USDT
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTM | +0.0526% | 4h | 0.01896 | +0.079% | $2.1M | $3.5M | 25x | as long as short |
| Bybit PIPPINUSDTshort | +0.0570% | 4h | 0.01895 | +0.026% | $3.6M | $1.4M | 13x | |
| BingX PIPPIN-USDT | +0.0580% | 4h | 0.01895 | +0.026% | — | $1.3M | — | as long as short |
KuCoin PIPPINUSDTM
BingX PIPPIN-USDT