Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.035%
Price spread now: OKX against Gate+0.211%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$811as in the Funding arb table
Net, price: spread back to 7d avg − costs−$823as in the Price arb table
costs, in and out, $10k−$8368.361% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 7 days−0.172%−$17 · spread now +0.211%, 7d avg +0.080%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and OKX is 0.130% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PIPPIN_USDT | 0.01900 | 0.0216 | pay 0.0108% / 4h | 17m 41s | $1.8M | $309K | 20x |
| Short | OKX PIPPIN-USDT-SWAP | 0.01904 | 0.0230 | get 0.0115% / 4h | 17m 41s | $1.5M | $3.3M | 20x |
Gate PIPPIN_USDT
OKX PIPPIN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $2.85
- Price spread: +0.211% → +0.080%
- $13.02
- Slippage, 4 orders
- −$811.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$820.2
- Costs to cover
- 8.361%
- Break-even
- 2023.9 days
Slippage from Gate: live order book, 5 min ago; OKX: live order book, 5 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 Gate live order book, 5 min ago | 2.63 bp | 220.6 bp −$221 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 5.26 bp | 21.6 bp −$22 | 130.8 bp −$1,308 | 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 | +0.0085% | 4h | 0.01899 | −0.053% | $251K | $24K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01901 | +0.069% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01903 | +0.158% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01904 | +0.203% | $5.4M | $4.9M | 25x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01903 | +0.158% | $2.4M | $731K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01907 | +0.368% | $2K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01888 | −0.632% | $34K | $14K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0202% | 4h | 0.01903 | +0.158% | $3.6M | $1.4M | 13x | as long as short |
| Gate PIPPIN_USDTlong | +0.0216% | 4h | 0.01900 | long leg | $1.8M | $309K | 20x | |
| OKX PIPPIN-USDT-SWAPshort | +0.0230% | 4h | 0.01904 | +0.211% | $1.5M | $3.3M | 20x |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0554% | 4h | 0.01899 | −0.053% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.0584% | 4h | 0.01903 | +0.158% | $1.6M | $313K | 10x | as long as short |
| KuCoin PIPPINUSDTM | +0.0720% | 4h | 0.01902 | +0.105% | $2.1M | $5.1M | 25x | as long as short |
BingX PIPPIN-USDT
Bitget PIPPINUSDT
KuCoin PIPPINUSDTM