Funding you earn now, next payment 04:00 UTC+0.2024%/8h= +221.7% APRnext payment +$10.12 per $10,000 · paid last 24h +0.034%
Price spread now: BingX against Aster+0.004%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 5 days (all we have)+0.549%+$55 on $10k
+Price spread, last 4 days (all we have)+0.235%+$23 · spread now +0.004%, 7d avg +0.125%
=Together, before fees+0.783%+ Points / potential airdropAster: Stage 5 · farm board+$78 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.122% cheaper against Aster than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.125%). If the spread goes back, that is −$12 on $10k: about 5 hours of funding at the current rate (+$61 a day). At the pace of the last 5 days (+0.549% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.549% in total (about 37.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PIPPINUSDT | 0.01909 | −0.0008 | get 0.0004% / 4h | 2h 01m | $111K | $33K | 5x |
| Short | BingX PIPPIN-USDT | 0.01909 | 0.2016 | get 0.1008% / 4h | 2h 01m | — | $1.3M | — |
Aster PIPPINUSDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Aster. 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
- $425.12
- Price spread: +0.004% → +0.125%
- −$12.16
- Slippage, 4 orders
- −$66.92
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $328.05
- Costs to cover
- 0.849%
- Break-even
- 1.6 days
Slippage from Aster: live order book, 65 min ago; BingX: live order book, 14 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 Aster live order book, 65 min ago | 7.81 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 2.62 bp | 20.9 bp −$21 | 124.3 bp −$1,243 | 525.8 bp −$52.6K | doesn't fit |
PIPPIN on 12 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 PIPPINUSDTlong | −0.0008% | 4h | 0.01909 | long leg | $111K | $33K | 5x | |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01909 | +0.004% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01909 | −0.007% | $5.4M | $4.8M | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01909 | +0.004% | $1.6M | $3.2M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01908 | −0.048% | $1.8M | $308K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01907 | −0.101% | $2.5M | $746K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01907 | −0.101% | $2K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01894 | −0.782% | $34K | $13K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0122% | 4h | 0.01910 | +0.056% | $3.7M | $1.4M | 13x | as long as short |
| KuCoin PIPPINUSDTM | +0.1656% | 4h | 0.01910 | +0.056% | $2.1M | $4.6M | 25x | as long as short |
Pacifica PIPPIN
Binance PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
KuCoin PIPPINUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTshort | +0.2016% | 4h | 0.01909 | +0.004% | — | $1.3M | — | |
| Bitget PIPPINUSDT | +0.2072% | 4h | 0.01909 | +0.004% | $1.6M | $327K | 10x | as long as short |
Bitget PIPPINUSDT