Funding you earn now, next payment 08:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.85 per $10,000 · paid last 24h −0.084%
Price spread now: SunX against Gate+0.261%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$960as in the Funding arb table
Net, price: spread back to 7d avg − costs−$914as in the Price arb table
costs, in and out, $10k−$9319.311% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.261%, 7d avg +0.090%
=The price spread pays, funding is against you. SunX is 0.171% dearer against Gate than usual: you sell high and buy low (spread +0.261% now, against its 7-day average of +0.090%): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PIPPIN_USDT | 0.01914 | 0.0270 | pay 0.0135% / 4h | 1h 01m | $1.8M | $329K | 20x |
| Short | SunX PIPPIN-USDT | 0.01919 | 0.0100 | get 0.0050% / 4h | 1h 01m | $656 | $10.4M | 20x |
Gate PIPPIN_USDT
SunX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.261% → +0.090%
- $17.11
- Slippage, 4 orders
- −$908.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$949.67
- Costs to cover
- 9.311%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; SunX: live order book, 8 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, 1 min ago | 5.22 bp | 164.3 bp −$164 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 18.24 bp | 50.1 bp −$50 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PIPPIN-USDT | +0.0098% | 4h | 0.01916 | +0.104% | $257K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01914 | −0.024% | $112K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01916 | +0.094% | $18K | $6K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01915 | +0.052% | $5.4M | $5.3M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01915 | +0.052% | $2.7M | $765K | 50x | as long as short |
| SunX PIPPIN-USDTshort | +0.0100% | 4h | 0.01919 | +0.261% | $656 | $10.4M | 20x | |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01910 | −0.209% | $35K | $14K | 20x | as long as short |
| Gate PIPPIN_USDTlong | +0.0270% | 4h | 0.01914 | long leg | $1.8M | $329K | 20x | |
| Bybit PIPPINUSDT | +0.0277% | 4h | 0.01915 | +0.052% | $3.7M | $1.5M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0295% | 4h | 0.01915 | +0.052% | $1.5M | $3.5M | 20x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0818% | 4h | 0.01921 | +0.366% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.0832% | 4h | 0.01916 | +0.104% | $1.6M | $320K | 10x | as long as short |
| KuCoin PIPPINUSDTM | +0.0964% | 4h | 0.01917 | +0.157% | $2.1M | $6.1M | 25x | as long as short |
BingX PIPPIN-USDT
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM