PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.65 per $10,000 · paid last 24h −0.009%

Price spread now: OKX against BloFin0.000%83s7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as 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−$840.840% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now 0.000%, 7d avg +0.031%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.031% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.031%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day). The two prices were read 83 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	0.01891	0.0089	pay 0.0044% / 4h	1h 03m	$251K	$25K	25x
Short	OKX PIPPIN-USDT-SWAP	0.01891	0.0218	get 0.0109% / 4h	1h 03m	$1.5M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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 BloFinbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $27.21
Price spread: 0.000% → +0.031%: −$3.06
Slippage, 4 orders: −$61.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.82
Costs to cover: 0.840%
Break-even: 22.4 days

Slippage from BloFin: live order book, 35 min ago; OKX: live order book, 3 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, 35 min ago	2.64 bp	25.2 bp −$25	72.0 bp −$720	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.64 bp	20.3 bp −$20	200.1 bp −$2,001	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
Pacifica PIPPIN	−0.0778%	1h	0.01893	+0.106%	$18K	$9K	3x	as long as short
BloFin PIPPIN-USDTlong	+0.0089%	4h	0.01891	long leg	$251K	$25K	25x
Aster PIPPINUSDT	+0.0100%	4h	0.01898	+0.385%	$110K	$33K	5x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01890	−0.047%	$5.3M	$4.8M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01893	+0.106%	$2.4M	$730K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01889	−0.106%	$2K	$10.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01882	−0.476%	$34K	$14K	20x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01891	0.000%	$3.6M	$1.4M	13x	as long as short
OKX PIPPIN-USDT-SWAPshort	+0.0218%	4h	0.01891	0.000%	$1.5M	$3.2M	20x
Gate PIPPIN_USDT	+0.0360%	4h	0.01891	0.000%	$1.8M	$305K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1156%	4h	0.01893	+0.106%	$2.1M	$4.9M	25x	as long as short
Bitget PIPPINUSDT	+0.1376%	4h	0.01893	+0.106%	$1.6M	$321K	10x	as long as short
BingX PIPPIN-USDT	+0.1404%	4h	0.01896	+0.264%	—	$1.3M	—	as long as short