Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.095%
Price spread now: HTX against BloFin−0.736%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. HTX is 0.736% cheaper against BloFin than usual: you would sell low and buy high (spread −0.736% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$74 on $10k: about 47 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIPPIN-USDT | 0.01901 | 0.0048 | pay 0.0024% / 4h | 3h 06m | $252K | $27K | 25x |
| Short | HTX PIPPIN-USDT | 0.01887 | 0.0100 | get 0.0050% / 4h | 3h 06m | $34K | $14K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $10.93
- Price spread: −0.736% → 0.000%
- −$73.65
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$86.72
- Costs to cover
- 0.240%
- Break-even
- 62.5 days
Slippage unknown: BloFin: live order book, 15 min ago; HTX: no order-book sample. Net counts fees only.
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, 15 min ago | 5.25 bp | 18.3 bp −$18 | 110.2 bp −$1,102 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-USDTlong | +0.0048% | 4h | 0.01901 | long leg | $252K | $27K | 25x | |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01906 | +0.248% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01906 | +0.242% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01905 | +0.185% | $5.4M | $5.0M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01904 | +0.158% | $2.5M | $715K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01903 | +0.105% | $1K | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDTshort | +0.0100% | 4h | 0.01887 | −0.736% | $34K | $14K | 20x | |
| Gate PIPPIN_USDT | +0.0236% | 4h | 0.01901 | 0.000% | $1.8M | $317K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0267% | 4h | 0.01905 | +0.210% | $1.5M | $3.3M | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0633% | 4h | 0.01906 | +0.263% | $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-USDT | +0.0754% | 4h | 0.01905 | +0.210% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.0764% | 4h | 0.01906 | +0.263% | $1.6M | $305K | 10x | as long as short |
| KuCoin PIPPINUSDTM | +0.1068% | 4h | 0.01903 | +0.105% | $2.1M | $5.5M | 25x | as long as short |
BloFin PIPPIN-USDT
HTX PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAP
Bybit PIPPINUSDT
BingX PIPPIN-USDT
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM