Funding you earn now, next payment 12:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.85 per $10,000 · paid last 24h +0.045%
Price spread now: BingX against Gate+0.213%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$828as in the Funding arb table
Net, price: spread back to 7d avg − costs−$895as in the Price arb table
costs, in and out, $10k−$9089.083% of the position
Funding, last 7 days+0.805%+$81 on $10k
+Price spread, last 7 days−0.164%−$16 · spread now +0.213%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.135% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PIPPIN_USDT | 0.01876 | 0.0164 | pay 0.0082% / 4h | 47m 31s | $1.8M | $294K | 20x |
| Short | BingX PIPPIN-USDT | 0.01880 | 0.0334 | get 0.0167% / 4h | 47m 31s | — | $1.3M | — |
Gate PIPPIN_USDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $35.7
- Price spread: +0.213% → +0.079%
- $13.46
- Slippage, 4 orders
- −$883.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$859.14
- Costs to cover
- 9.083%
- Break-even
- 175.5 days
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 7 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 Gate live order book, 3 min ago | 5.32 bp | 294.0 bp −$294 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 7.98 bp | 29.2 bp −$29 | 118.4 bp −$1,184 | 631.3 bp −$63.1K | doesn't fit |
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 | −0.0384% | 4h | 0.01880 | +0.213% | $1.6M | $248K | 10x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01878 | +0.107% | $17K | $4K | 3x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01880 | +0.213% | $3.6M | $1.3M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01880 | +0.213% | $1.4M | $2.7M | 20x | as long as short |
| KuCoin PIPPINUSDTM | +0.0100% | 4h | 0.01879 | +0.160% | $2.1M | $7.1M | 25x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01879 | +0.160% | $569 | $8.7M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01869 | −0.373% | $34K | $5K | 20x | as long as short |
| Aster PIPPINUSDT | +0.0146% | 4h | 0.01876 | −0.008% | $109K | $34K | 5x | as long as short |
| Gate PIPPIN_USDTlong | +0.0164% | 4h | 0.01876 | long leg | $1.8M | $294K | 20x | |
| BloFin PIPPIN-USDT | +0.0269% | 4h | 0.01876 | 0.000% | $254K | $30K | 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
BloFin PIPPIN-USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PIPPINUSDT | +0.0294% | 4h | 0.01878 | +0.123% | $5.3M | $4.4M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0304% | 4h | 0.01878 | +0.107% | $2.8M | $769K | 50x | as long as short |
| BingX PIPPIN-USDTshort | +0.0334% | 4h | 0.01880 | +0.213% | — | $1.3M | — |
Binance PIPPINUSDT
MEXC PIPPIN_USDT