Funding you earn now, next payment 12:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h +0.004%
Price spread now: MEXC against BloFin+0.213%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$670.665% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.363%−$36 · spread now +0.213%, 7d avg −0.052%
=The price spread pays, funding is against you. MEXC is 0.265% dearer against BloFin than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.052%): +$27 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIPPIN-USDT | 0.01877 | 0.0300 | pay 0.0150% / 4h | 44m 30s | $254K | $30K | 25x |
| Short | MEXC PIPPIN_USDT | 0.01881 | 0.0286 | get 0.0143% / 4h | 44m 30s | $2.8M | $770K | 50x |
BloFin PIPPIN-USDT
MEXC PIPPIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$3
- Price spread: +0.213% → −0.052%
- $26.54
- Slippage, 4 orders
- −$54.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$43.02
- Costs to cover
- 0.665%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; MEXC: live order book, 1 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, 54 min ago | 2.64 bp | 9.6 bp −$10 | 95.1 bp −$951 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.66 bp | 13.0 bp −$13 | 89.8 bp −$898 | 216.3 bp −$21.6K | 462.0 bp −$231.0K |
PIPPIN on 13 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | −0.0434% | 4h | 0.01883 | +0.320% | $1.6M | $248K | 10x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01881 | +0.213% | $18K | $4K | 3x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01883 | +0.320% | $3.6M | $1.3M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01882 | +0.266% | $1.4M | $2.7M | 20x | as long as short |
| KuCoin PIPPINUSDTM | +0.0100% | 4h | 0.01878 | +0.053% | $2.1M | $7.1M | 25x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01880 | +0.160% | $2K | $8.7M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01870 | −0.373% | $34K | $5K | 20x | as long as short |
| Aster PIPPINUSDT | +0.0142% | 4h | 0.01877 | 0.000% | $110K | $34K | 5x | as long as short |
| Gate PIPPIN_USDT | +0.0196% | 4h | 0.01880 | +0.160% | $1.8M | $295K | 20x | as long as short |
| Binance PIPPINUSDT | +0.0284% | 4h | 0.01882 | +0.265% | $5.3M | $4.4M | 25x | as long as short |
Bitget PIPPINUSDT
Pacifica PIPPIN
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
KuCoin PIPPINUSDTM
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Aster PIPPINUSDT
Gate PIPPIN_USDT
Binance PIPPINUSDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PIPPIN_USDTshort | +0.0286% | 4h | 0.01881 | +0.213% | $2.8M | $770K | 50x | |
| BloFin PIPPIN-USDTlong | +0.0300% | 4h | 0.01877 | long leg | $254K | $30K | 25x | |
| BingX PIPPIN-USDT | +0.0321% | 4h | 0.01882 | +0.266% | — | $1.3M | — | as long as short |
BingX PIPPIN-USDT