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Funding arb · Price arb /

PIPPIN

all PIPPIN markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0684%/8h= +74.9% APRnext payment +$3.42 per $10,000 · paid last 24h +0.065%
Price spread now: BingX against Binance−0.140%7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Long on BinanceShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.666%+$67 on $10k
Price spread, last 7 days+0.208%+$21 · spread now −0.140%, 7d avg +0.095%
Together, before fees+0.875%+$87 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.235% cheaper against Binance than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.095%). If the spread goes back, that is −$24 on $10k: about 28 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.666% in total) that is about 2.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PIPPINUSDT0.019100.0100pay 0.0050% / 4h3h 27m$5.4M$4.9M25x
ShortBingX PIPPIN-USDT0.019070.0784get 0.0392% / 4h3h 27m—$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

Funding earned
$143.64
Price spread: −0.140% → +0.095%
−$23.54
Slippage, 4 orders
−$87.42
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$12.68
Costs to cover
1.074%
Break-even
6.4 days
Slippage from Binance: live order book, 11 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago2.61 bp22.0 bp −$22277.1 bp −$2,771doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago2.62 bp16.2 bp −$1679.2 bp −$792382.6 bp −$38.3Kdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PIPPINUSDT+0.0100%4h0.01909−0.051%$111K$33K5xas long as short
Pacifica PIPPIN+0.0100%1h0.01908−0.088%$18K$9K3xas long as short
Binance PIPPINUSDTlong+0.0100%4h0.01910long leg$5.4M$4.9M25x
MEXC PIPPIN_USDT+0.0100%4h0.01909−0.036%$2.5M$711K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01912+0.121%$1K$10.2M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01890−1.031%$34K$14K20xas long as short
BloFin PIPPIN-USDT+0.0109%4h0.01912+0.121%$253K$27K25xas long as short
OKX PIPPIN-USDT-SWAP+0.0275%4h0.01910+0.017%$1.5M$3.3M20xas long as short
Bybit PIPPINUSDT+0.0513%4h0.01912+0.121%$3.7M$1.4M13xas long as short
Bitget PIPPINUSDT+0.0702%4h0.01911+0.069%$1.6M$307K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PIPPIN_USDT+0.0704%4h0.01909−0.036%$1.8M$313K20xas long as short
BingX PIPPIN-USDTshort+0.0784%4h0.01907−0.140%—$1.3M—
KuCoin PIPPINUSDTM+0.1016%4h0.01910+0.017%$2.1M$5.4M25xas long as short