Funding you earn now, next payment 08:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.77 per $10,000 · paid last 24h +0.020%
Price spread now: Bitget against Bybit−0.052%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1151.152% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.052%, 7d avg −0.096%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.044% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIPPINUSDT | 0.01912 | 0.0534 | pay 0.0267% / 4h | 3h 28m | $3.7M | $1.4M | 13x |
| Short | Bitget PIPPINUSDT | 0.01911 | 0.0688 | get 0.0344% / 4h | 3h 28m | $1.6M | $307K | 10x |
Bybit PIPPINUSDT
Bitget PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $32.36
- Price spread: −0.052% → −0.096%
- $4.4
- Slippage, 4 orders
- −$92.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$78.39
- Costs to cover
- 1.152%
- Break-even
- 24.0 days
Slippage from Bybit: live order book, 4 min ago; Bitget: 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 Bybit live order book, 4 min ago | 2.62 bp | 33.6 bp −$34 | 424.7 bp −$4,247 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 5.23 bp | 25.5 bp −$26 | 182.7 bp −$1,827 | 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 | +0.0042% | 4h | 0.01912 | 0.000% | $253K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01907 | −0.274% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01909 | −0.157% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01910 | −0.114% | $5.4M | $4.9M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01909 | −0.157% | $2.5M | $711K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01913 | +0.052% | $928 | $10.2M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01890 | −1.151% | $34K | $14K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0257% | 4h | 0.01909 | −0.157% | $1.5M | $3.3M | 20x | as long as short |
| Bybit PIPPINUSDTlong | +0.0534% | 4h | 0.01912 | long leg | $3.7M | $1.4M | 13x | |
| Gate PIPPIN_USDT | +0.0620% | 4h | 0.01908 | −0.209% | $1.8M | $313K | 20x | as long as short |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDTshort | +0.0688% | 4h | 0.01911 | −0.052% | $1.6M | $307K | 10x | |
| BingX PIPPIN-USDT | +0.0784% | 4h | 0.01908 | −0.209% | — | $1.3M | — | as long as short |
| KuCoin PIPPINUSDTM | +0.0994% | 4h | 0.01910 | −0.105% | $2.1M | $5.4M | 25x | as long as short |
BingX PIPPIN-USDT
KuCoin PIPPINUSDTM