Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against MEXC+0.026%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$690.688% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days+0.003%$0 · spread now +0.026%, 7d avg +0.014%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PIPPIN_USDT | 0.01897 | 0.0122 | pay 0.0061% / 4h | 1h 05m | $2.6M | $750K | 50x |
| Short | Binance PIPPINUSDT | 0.01897 | 0.0114 | get 0.0057% / 4h | 1h 05m | $5.3M | $4.6M | 25x |
MEXC PIPPIN_USDT
Binance PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$1.65
- Price spread: +0.026% → +0.014%
- $1.23
- Slippage, 4 orders
- −$58.75
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$69.18
- Costs to cover
- 0.688%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; Binance: live order book, 2 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 MEXC live order book, 6 min ago | 2.64 bp | 13.9 bp −$14 | 123.4 bp −$1,234 | 224.4 bp −$22.4K | 432.5 bp −$216.2K |
| Sell Binance live order book, 2 min ago | 2.64 bp | 20.2 bp −$20 | 147.3 bp −$1,473 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01897 | −0.010% | $110K | $34K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01898 | +0.053% | $18K | $9K | 3x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01900 | +0.158% | $1.6M | $3.3M | 20x | as long as short |
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01900 | +0.158% | $1.6M | $334K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01900 | +0.158% | $2K | $9.8M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01882 | −0.791% | $34K | $16K | 20x | as long as short |
| Binance PIPPINUSDTshort | +0.0114% | 4h | 0.01897 | +0.026% | $5.3M | $4.6M | 25x | |
| MEXC PIPPIN_USDTlong | +0.0122% | 4h | 0.01897 | long leg | $2.6M | $750K | 50x | |
| BloFin PIPPIN-USDT | +0.0167% | 4h | 0.01897 | 0.000% | $250K | $27K | 25x | as long as short |
| BingX PIPPIN-USDT | +0.0468% | 4h | 0.01899 | +0.105% | — | $1.3M | — | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
OKX PIPPIN-USDT-SWAP
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
BloFin PIPPIN-USDT
BingX PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PIPPIN_USDT | +0.0486% | 4h | 0.01899 | +0.105% | $1.8M | $304K | 20x | as long as short |
| KuCoin PIPPINUSDTM | +0.0510% | 4h | 0.01899 | +0.105% | $2.1M | $3.6M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0510% | 4h | 0.01900 | +0.158% | $3.7M | $1.4M | 13x | as long as short |
Gate PIPPIN_USDT
KuCoin PIPPINUSDTM
Bybit PIPPINUSDT