Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against BloFin+0.046%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)−0.319%−$32 · spread now +0.046%, 7d avg −0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.091% dearer against BloFin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIPPIN-USDT | 0.01901 | 0.0092 | pay 0.0046% / 4h | 1h 28m | $251K | $26K | 25x |
| Short | Binance PIPPINUSDT | 0.01902 | 0.0100 | get 0.0050% / 4h | 1h 28m | $5.4M | $4.8M | 25x |
BloFin PIPPIN-USDT
Binance PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $1.61
- Price spread: +0.046% → −0.046%
- $9.13
- Slippage, 4 orders
- −$62.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$73.52
- Costs to cover
- 0.843%
- Break-even
- 326.9 days
Slippage from BloFin: live order book, 10 min ago; Binance: live order book, 9 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 BloFin live order book, 10 min ago | 2.64 bp | 25.2 bp −$25 | 72.0 bp −$720 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 5.27 bp | 23.7 bp −$24 | 152.2 bp −$1,522 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PIPPIN | −0.0778% | 1h | 0.01903 | +0.105% | $18K | $9K | 3x | as long as short |
| BloFin PIPPIN-USDTlong | +0.0092% | 4h | 0.01901 | long leg | $251K | $26K | 25x | |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01902 | +0.068% | $111K | $33K | 5x | as long as short |
| Binance PIPPINUSDTshort | +0.0100% | 4h | 0.01902 | +0.046% | $5.4M | $4.8M | 25x | |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01903 | +0.105% | $3.6M | $1.4M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01902 | +0.053% | $1.5M | $3.3M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01904 | +0.158% | $1.8M | $303K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01901 | 0.000% | $2.4M | $727K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01901 | 0.000% | $1K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01883 | −0.947% | $34K | $14K | 20x | as long as short |
Pacifica PIPPIN
Aster PIPPINUSDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTM | +0.1252% | 4h | 0.01903 | +0.105% | $2.1M | $4.8M | 25x | as long as short |
| BingX PIPPIN-USDT | +0.1524% | 4h | 0.01903 | +0.105% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.1550% | 4h | 0.01902 | +0.053% | $1.6M | $324K | 10x | as long as short |
KuCoin PIPPINUSDTM
BingX PIPPIN-USDT
Bitget PIPPINUSDT