Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against Binance+0.056%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$910.909% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now +0.056%, 7d avg +0.145%
=Funding pays, the price is against you. Bybit is 0.089% cheaper against Binance than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.145%). If the spread goes back, that is −$9 on $10k: about 5.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.164%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PIPPINUSDT | 0.01910 | 0.0100 | pay 0.0050% / 4h | 2h 03m | $5.4M | $4.8M | 25x |
| Short | Bybit PIPPINUSDT | 0.01911 | 0.0159 | get 0.0079% / 4h | 2h 03m | $3.7M | $1.4M | 13x |
Binance PIPPINUSDT
Bybit PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $12.36
- Price spread: +0.056% → +0.145%
- −$8.94
- Slippage, 4 orders
- −$69.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$87.44
- Costs to cover
- 0.909%
- Break-even
- 56.5 days
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 2.61 bp | 23.4 bp −$23 | 228.2 bp −$2,282 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.22 bp | 22.6 bp −$23 | 158.9 bp −$1,589 | doesn't fit | doesn't fit |
PIPPIN on 12 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 | +0.0035% | 4h | 0.01915 | +0.265% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01910 | +0.003% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDTlong | +0.0100% | 4h | 0.01910 | long leg | $5.4M | $4.8M | 25x | |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01909 | −0.049% | $1.6M | $3.2M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01910 | +0.003% | $1.8M | $308K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01911 | +0.056% | $2.5M | $746K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01910 | +0.003% | $821 | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01899 | −0.572% | $34K | $14K | 20x | as long as short |
| Bybit PIPPINUSDTshort | +0.0159% | 4h | 0.01911 | +0.056% | $3.7M | $1.4M | 13x | |
| KuCoin PIPPINUSDTM | +0.1684% | 4h | 0.01911 | +0.056% | $2.1M | $4.6M | 25x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
KuCoin PIPPINUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.2048% | 4h | 0.01909 | −0.049% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.2122% | 4h | 0.01911 | +0.056% | $1.6M | $327K | 10x | as long as short |
BingX PIPPIN-USDT
Bitget PIPPINUSDT