PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0860%/8h= +94.2% APRnext payment +$4.30 per $10,000 · paid last 24h +0.049%

Price spread now: BingX against Binance−0.418%7-day average +0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$970.973% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.606%+$61 on $10k

Price spread, last 7 days+0.438%+$44 · spread now −0.418%, 7d avg +0.095%

Together, before fees+1.044%+$104 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.514% cheaper against Binance than usual: you would sell low and buy high (spread −0.418% now, against its 7-day average of +0.095%). If the spread goes back, that is −$51 on $10k: about 48 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.606% in total) that is about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIPPINUSDT	0.01912	0.0100	pay 0.0050% / 4h	3h 55m	$5.4M	$4.6M	25x
Short	BingX PIPPIN-USDT	0.01904	0.0960	get 0.0480% / 4h	3h 55m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now −0.418%Rate

Funding earned: $180.6
Price spread: −0.418% → +0.095%: −$51.38
Slippage, 4 orders: −$77.35
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $31.87
Costs to cover: 0.973%
Break-even: 5.8 days

Slippage from Binance: live order book, 12 min ago; BingX: live order book, 10 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 Binance live order book, 12 min ago	2.63 bp	20.7 bp −$21	276.1 bp −$2,761	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	2.63 bp	16.9 bp −$17	86.5 bp −$865	245.5 bp −$24.6K	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
Aster PIPPINUSDT	+0.0100%	4h	0.01909	−0.134%	$111K	$32K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01912	0.000%	$18K	$9K	3x	as long as short
Binance PIPPINUSDTlong	+0.0100%	4h	0.01912	long leg	$5.4M	$4.6M	25x
Bybit PIPPINUSDT	+0.0100%	4h	0.01913	+0.052%	$3.7M	$1.4M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01911	−0.052%	$1.6M	$3.2M	20x	as long as short
Gate PIPPIN_USDT	+0.0100%	4h	0.01911	−0.052%	$1.8M	$300K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01912	0.000%	$2.5M	$757K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01913	+0.052%	$939	$9.9M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01896	−0.837%	$34K	$16K	20x	as long as short
BloFin PIPPIN-USDT	+0.0156%	4h	0.01911	−0.052%	$250K	$28K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDTshort	+0.0960%	4h	0.01904	−0.418%	—	$1.3M	—
Bitget PIPPINUSDT	+0.1120%	4h	0.01913	+0.052%	$1.6M	$331K	10x	as long as short
KuCoin PIPPINUSDTM	+0.1190%	4h	0.01912	0.000%	$2.1M	$4.0M	25x	as long as short