Funding you earn now, next payment 04:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.052%
Price spread now: BingX against Bitget+0.052%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1041.039% of the position
Funding, last 7 days+0.479%+$48 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.052%, 7d avg +0.043%
=The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.479%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PIPPINUSDT | 0.01910 | 0.2088 | pay 0.1044% / 4h | 2h 02m | $1.6M | $328K | 10x |
| Short | BingX PIPPIN-USDT | 0.01911 | 0.2016 | get 0.1008% / 4h | 2h 02m | — | $1.3M | — |
Bitget PIPPINUSDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- −$15.12
- Price spread: +0.052% → +0.043%
- $0.91
- Slippage, 4 orders
- −$81.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$118.11
- Costs to cover
- 1.039%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 13 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 Bitget live order book, 5 min ago | 7.84 bp | 30.0 bp −$30 | 261.1 bp −$2,611 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 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 PIPPINUSDT | +0.0020% | 4h | 0.01915 | +0.262% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01909 | −0.047% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01909 | −0.063% | $5.4M | $4.8M | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01911 | +0.052% | $1.6M | $3.3M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01908 | −0.105% | $1.8M | $308K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01908 | −0.105% | $2.5M | $746K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01910 | 0.000% | $2K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01894 | −0.838% | $34K | $13K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0141% | 4h | 0.01912 | +0.105% | $3.7M | $1.4M | 13x | as long as short |
| KuCoin PIPPINUSDTM | +0.1664% | 4h | 0.01911 | +0.052% | $2.1M | $4.6M | 25x | as long as short |
Aster PIPPINUSDT
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 | 0.01911 | +0.052% | — | $1.3M | — | |
| Bitget PIPPINUSDTlong | +0.2088% | 4h | 0.01910 | long leg | $1.6M | $328K | 10x |