PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.055%

Price spread now: Bitget against BingX0.000%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.479%−$48 on $10k

Price spread, last 7 days+0.039%+$4 · spread now 0.000%, 7d avg −0.046%

Together, before fees−0.440%−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.046% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.479%, 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	BingX PIPPIN-USDT	0.01902	0.0712	pay 0.0356% / 4h	3h 01m	—	$1.3M	—
Short	Bitget PIPPINUSDT	0.01902	0.0732	get 0.0366% / 4h	3h 01m	$1.6M	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $4.2
Price spread: 0.000% → −0.046%: $4.56
Slippage, 4 orders: −$82.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.28
Costs to cover: 1.040%
Break-even: 165.8 days

Slippage from BingX: live order book, 14 min ago; Bitget: live order book, 5 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 BingX live order book, 14 min ago	2.62 bp	37.0 bp −$37	189.7 bp −$1,897	758.6 bp −$75.9K	doesn't fit
Sell Bitget live order book, 5 min ago	7.87 bp	27.3 bp −$27	245.3 bp −$2,453	doesn't fit	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	0.01905	+0.158%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01900	−0.105%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01901	−0.049%	$5.4M	$5.0M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01901	−0.053%	$2.5M	$715K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01897	−0.263%	$3K	$10.2M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01890	−0.631%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0125%	4h	0.01900	−0.105%	$252K	$26K	25x	as long as short
Gate PIPPIN_USDT	+0.0134%	4h	0.01900	−0.105%	$1.8M	$318K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0251%	4h	0.01903	+0.053%	$1.5M	$3.3M	20x	as long as short
Bybit PIPPINUSDT	+0.0636%	4h	0.01902	0.000%	$3.6M	$1.4M	13x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDTlong	+0.0712%	4h	0.01902	long leg	—	$1.3M	—
Bitget PIPPINUSDTshort	+0.0732%	4h	0.01902	0.000%	$1.6M	$305K	10x
KuCoin PIPPINUSDTM	+0.1064%	4h	0.01901	−0.053%	$2.1M	$5.5M	25x	as long as short