PIPPIN

Alert

Funding spread now, next payment 20:00 UTC−0.0237%/8h

next payment, per $10,000−$1.19paid, last 24h+0.017%paid, last 7 days+0.008%to open and close $10k−$107

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIPPIN-USDT-SWAP	0.01905	0.0337	pay 0.0169% / 4h	1h 26m	$1.6M	$3.3M	20x
Short	Bitget PIPPINUSDT	0.01904	0.0100	get 0.0050% / 4h	1h 26m	$1.6M	$353K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BitgetbpOrdersRate

Funding earned: −$49.78
Slippage, 4 orders: −$85.34
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$157.11
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.052%
Avg gap 7d: −0.044%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 OKX live order book, 2 min ago	5.25 bp	22.3 bp −$22	127.9 bp −$1,279	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.25 bp	28.6 bp −$29	176.4 bp −$1,764	doesn't fit	doesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PIPPIN-USDT	+0.0077%	4h	$258K	$23K	25x	as long as short
Pacifica PIPPIN	+0.0079%	1h	$18K	$9K	3x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	$111K	$33K	5x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	$5.4M	$4.5M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	$2.6M	$716K	50x	as long as short
KuCoin PIPPINUSDTM	+0.0100%	4h	$2.2M	$4.0M	25x	as long as short
Bitget PIPPINUSDTshort	+0.0100%	4h	$1.6M	$353K	10x
SunX PIPPIN-USDT	+0.0100%	4h	$2K	$9.6M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	$34K	$17K	20x	as long as short
OKX PIPPIN-USDT-SWAPlong	+0.0337%	4h	$1.6M	$3.3M	20x

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0412%	4h	$3.7M	$1.3M	13x	as long as short
BingX PIPPIN-USDT	+0.0446%	4h	—	$1.3M	—	as long as short
Gate PIPPIN_USDT	+0.0504%	4h	$1.8M	$269K	20x	as long as short