Funding you earn now, next payment 00:00 UTC+0.0517%/8h= +56.6% APRnext payment +$2.59 per $10,000 · paid last 24h +0.062%
Price spread now: BingX against BloFin+0.053%96s7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.789% of the position
Funding, last 7 days+0.633%+$63 on $10k
+Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.053%, 7d avg +0.037%
=The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIPPIN-USDT | 0.01899 | 0.0149 | pay 0.0074% / 4h | 19m 46s | $250K | $28K | 25x |
| Short | BingX PIPPIN-USDT | 0.01900 | 0.0666 | get 0.0333% / 4h | 19m 46s | — | $1.3M | — |
BloFin PIPPIN-USDT
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $108.63
- Price spread: +0.053% → +0.037%
- $1.58
- Slippage, 4 orders
- −$56.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $31.29
- Costs to cover
- 0.789%
- Break-even
- 5.0 days
Slippage from BloFin: live order book, 51 min ago; BingX: live order book, 12 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 BloFin live order book, 51 min ago | 2.64 bp | 22.4 bp −$22 | 85.8 bp −$858 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 5.27 bp | 19.6 bp −$20 | 110.0 bp −$1,100 | 313.3 bp −$31.3K | 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 | 0.01898 | −0.077% | $110K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01900 | +0.053% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01900 | +0.053% | $5.3M | $4.6M | 25x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01900 | +0.053% | $1.5M | $3.2M | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01899 | 0.000% | $2.4M | $764K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01899 | 0.000% | $2K | $9.8M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01891 | −0.421% | $34K | $16K | 20x | as long as short |
| BloFin PIPPIN-USDTlong | +0.0149% | 4h | 0.01899 | long leg | $250K | $28K | 25x | |
| Gate PIPPIN_USDT | +0.0382% | 4h | 0.01898 | −0.053% | $1.8M | $305K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0440% | 4h | 0.01899 | 0.000% | $3.7M | $1.4M | 13x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
OKX PIPPIN-USDT-SWAP
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Gate PIPPIN_USDT
Bybit PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDTshort | +0.0666% | 4h | 0.01900 | +0.053% | — | $1.3M | — | |
| Bitget PIPPINUSDT | +0.0716% | 4h | 0.01901 | +0.105% | $1.6M | $333K | 10x | as long as short |
| KuCoin PIPPINUSDTM | +0.0870% | 4h | 0.01900 | +0.053% | $2.1M | $3.8M | 25x | as long as short |
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM