Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.083%
Price spread now: SunX against Binance+0.054%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1521.522% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now +0.054%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.024% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PIPPINUSDT | 0.01909 | 0.0136 | pay 0.0068% / 4h | 45m 09s | $5.4M | $4.6M | 25x |
| Short | SunX PIPPIN-USDT | 0.01910 | 0.0100 | get 0.0050% / 4h | 45m 09s | $819 | $9.8M | 20x |
Binance PIPPINUSDT
SunX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$7.56
- Price spread: +0.054% → +0.078%
- −$2.43
- Slippage, 4 orders
- −$134.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$162.15
- Costs to cover
- 1.522%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; SunX: 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 Binance live order book, 8 min ago | 2.62 bp | 21.9 bp −$22 | 247.3 bp −$2,473 | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 18.33 bp | 58.7 bp −$59 | doesn't fit | 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 | 0.01908 | −0.067% | $111K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01909 | +0.001% | $18K | $9K | 3x | as long as short |
| SunX PIPPIN-USDTshort | +0.0100% | 4h | 0.01910 | +0.054% | $819 | $9.8M | 20x | |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01893 | −0.837% | $34K | $16K | 20x | as long as short |
| Binance PIPPINUSDTlong | +0.0136% | 4h | 0.01909 | long leg | $5.4M | $4.6M | 25x | |
| MEXC PIPPIN_USDT | +0.0142% | 4h | 0.01908 | −0.051% | $2.5M | $756K | 50x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0143% | 4h | 0.01909 | +0.001% | $1.6M | $3.2M | 20x | as long as short |
| BloFin PIPPIN-USDT | +0.0172% | 4h | 0.01908 | −0.051% | $250K | $28K | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0600% | 4h | 0.01909 | +0.001% | $1.8M | $304K | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0604% | 4h | 0.01910 | +0.054% | $1.6M | $333K | 10x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
HTX PIPPIN-USDT
MEXC PIPPIN_USDT
OKX PIPPIN-USDT-SWAP
BloFin PIPPIN-USDT
Gate PIPPIN_USDT
Bitget PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIPPINUSDT | +0.0704% | 4h | 0.01911 | +0.106% | $3.7M | $1.4M | 13x | as long as short |
| BingX PIPPIN-USDT | +0.0712% | 4h | 0.01902 | −0.365% | — | $1.3M | — | as long as short |
| KuCoin PIPPINUSDTM | +0.0870% | 4h | 0.01911 | +0.106% | $2.1M | $3.7M | 25x | as long as short |
Bybit PIPPINUSDT
BingX PIPPIN-USDT
KuCoin PIPPINUSDTM