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
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%
=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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- 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 |
Binance PIPPINUSDT
BingX PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM