PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1239%/8h= −135.7% APRnext payment −$6.20 per $10,000 · paid last 24h −0.114%

Price spread now: SunX against BingX+0.421%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1771.774% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.070%−$107 on $10k

Price spread, last 3 days (all we have)−0.464%−$46 · spread now +0.421%, 7d avg −0.003%

Together, before fees−1.534%−$153 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.424% dearer against BingX than usual: you sell high and buy low (spread +0.421% now, against its 7-day average of −0.003%): +$42 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−1.070% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PIPPIN-USDT	0.01902	0.1339	pay 0.0670% / 4h	3h 27m	—	$1.3M	—
Short	SunX PIPPIN-USDT	0.01910	0.0100	get 0.0050% / 4h	3h 27m	$1K	$9.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.421%Rate

Funding earned: −$260.23
Price spread: +0.421% → −0.003%: $42.36
Slippage, 4 orders: −$159.38
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$395.26
Costs to cover: 1.774%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; SunX: live order book, 11 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, 2 min ago	2.63 bp	48.0 bp −$48	128.6 bp −$1,286	733.8 bp −$73.4K	doesn't fit
Sell SunX live order book, 11 min ago	18.39 bp	55.5 bp −$56	doesn't fit	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
BloFin PIPPIN-USDT	+0.0063%	4h	0.01908	+0.315%	$251K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01906	+0.212%	$111K	$33K	5x	as long as short
Pacifica PIPPIN	+0.0100%	1h	0.01907	+0.263%	$18K	$9K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01907	+0.246%	$5.4M	$4.6M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01907	+0.263%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01906	+0.210%	$2.4M	$759K	50x	as long as short
SunX PIPPIN-USDTshort	+0.0100%	4h	0.01910	+0.421%	$1K	$9.9M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01893	−0.473%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDT	+0.0143%	4h	0.01909	+0.368%	$3.7M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0682%	4h	0.01907	+0.263%	$1.8M	$302K	20x	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	+0.1339%	4h	0.01902	long leg	—	$1.3M	—
KuCoin PIPPINUSDTM	+0.1464%	4h	0.01908	+0.315%	$2.1M	$4.1M	25x	as long as short
Bitget PIPPINUSDT	+0.1464%	4h	0.01908	+0.315%	$1.6M	$330K	10x	as long as short