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Funding arb /

PIPPIN

all PIPPIN markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC−0.0041%/8h
next payment, per $10,000−$0.20paid, last 24h−0.119%paid, last 7 days−0.792%to open and close $10k−$95
Long on BingXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PIPPIN-USDT0.019060.0422pay 0.0211% / 4h2h 23m—$1.3M—
ShortBybit PIPPINUSDT0.019050.0381get 0.0191% / 4h2h 23m$3.7M$1.2M13x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$8.52
Slippage, 4 orders
−$73.81
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$103.32
Break-even
never at this rate
Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 6 min ago.

Price risk

price view
Price gap now
−0.052%
Avg gap 7d
+0.053%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 15 min ago5.24 bp25.0 bp −$25157.4 bp −$1,574702.4 bp −$70.2Kdoesn't fit
Sell Bybit live order book, 6 min ago2.62 bp20.2 bp −$20144.3 bp −$1,443doesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin PIPPIN-USDT+0.0072%4h$258K$21K25xas long as short
Aster PIPPINUSDT+0.0100%4h$111K$32K5xas long as short
Pacifica PIPPIN+0.0100%1h$18K$8K3xas long as short
Binance PIPPINUSDT+0.0100%4h$5.4M$4.4M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h$2.7M$683K50xas long as short
KuCoin PIPPINUSDTM+0.0100%4h$2.2M$4.1M25xas long as short
Bitget PIPPINUSDT+0.0100%4h$1.6M$345K10xas long as short
SunX PIPPIN-USDT+0.0100%4h$1K$9.4M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$34K$17K20xas long as short
Gate PIPPIN_USDT+0.0284%4h$1.7M$238K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PIPPIN-USDT-SWAP+0.0375%4h$1.6M$3.2M20xas long as short
Bybit PIPPINUSDTshort+0.0381%4h$3.7M$1.2M13x
BingX PIPPIN-USDTlong+0.0422%4h—$1.3M—