Funding you earn now, next payment 12:00 UTC−0.0854%/8h= −93.5% APRnext payment −$4.27 per $10,000 · paid last 24h +0.029%
Price spread now: Bitget against MEXC+0.158%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$830.828% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 7 days−0.100%−$10 · spread now +0.158%, 7d avg +0.063%
=The price spread pays, funding is against you. Bitget is 0.095% dearer against MEXC than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.063%): +$10 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.204%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.27 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PIPPIN_USDT | 0.01898 | 0.0954 | pay 0.0477% / 4h | 1h 54m | $3.0M | $725K | 50x |
| Short | Bitget PIPPINUSDT | 0.01901 | 0.0100 | get 0.0050% / 4h | 1h 54m | $1.6M | $264K | 10x |
MEXC PIPPIN_USDT
Bitget PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$179.34
- Price spread: +0.158% → +0.063%
- $9.5
- Slippage, 4 orders
- −$70.78
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$252.61
- Costs to cover
- 0.828%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: 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 MEXC live order book, 1 min ago | 2.63 bp | 12.6 bp −$13 | 112.1 bp −$1,121 | 216.6 bp −$21.7K | 455.5 bp −$227.7K |
| Sell Bitget live order book, 5 min ago | 5.25 bp | 26.9 bp −$27 | 237.2 bp −$2,372 | doesn't fit | doesn't fit |
PIPPIN on 13 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDTshort | +0.0100% | 4h | 0.01901 | +0.158% | $1.6M | $264K | 10x | |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01901 | +0.158% | $1K | $9.0M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01890 | −0.421% | $34K | $5K | 20x | as long as short |
| Pacifica PIPPIN | +0.0148% | 1h | 0.01899 | +0.053% | $18K | $4K | 3x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0215% | 4h | 0.01898 | 0.000% | $1.5M | $2.8M | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0246% | 4h | 0.01901 | +0.158% | $3.6M | $1.3M | 13x | as long as short |
| KuCoin PIPPINUSDTM | +0.0362% | 4h | 0.01900 | +0.105% | $2.1M | $6.8M | 25x | as long as short |
| Gate PIPPIN_USDT | +0.0726% | 4h | 0.01899 | +0.053% | $1.8M | $283K | 20x | as long as short |
| BingX PIPPIN-USDT | +0.0882% | 4h | 0.01900 | +0.105% | — | $1.3M | — | as long as short |
| BloFin PIPPIN-USDT | +0.0883% | 4h | 0.01899 | +0.053% | $254K | $31K | 25x | as long as short |
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Pacifica PIPPIN
OKX PIPPIN-USDT-SWAP
Bybit PIPPINUSDT
KuCoin PIPPINUSDTM
Gate PIPPIN_USDT
BingX PIPPIN-USDT
BloFin PIPPIN-USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PIPPINUSDT | +0.0929% | 4h | 0.01900 | +0.107% | $111K | $35K | 5x | as long as short |
| MEXC PIPPIN_USDTlong | +0.0954% | 4h | 0.01898 | long leg | $3.0M | $725K | 50x | |
| Binance PIPPINUSDT | +0.0955% | 4h | 0.01899 | +0.053% | $5.4M | $4.5M | 25x | as long as short |
Aster PIPPINUSDT
Binance PIPPINUSDT