Funding you earn now, next payment 00:00 UTC+0.0356%/8h= +39.0% APRnext payment +$1.78 per $10,000 · paid last 24h +0.016%
Price spread now: Gate against MEXC+0.106%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$893as in the Funding arb table
Net, price: spread back to 7d avg − costs−$872as in the Price arb table
costs, in and out, $10k−$8798.788% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now +0.106%, 7d avg +0.034%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Gate is 0.072% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PIPPIN_USDT | 0.01889 | 0.0394 | pay 0.0197% / 4h | 1h 59m | $2.6M | $746K | 50x |
| Short | Gate PIPPIN_USDT | 0.01891 | 0.0750 | get 0.0375% / 4h | 1h 59m | $1.8M | $299K | 20x |
MEXC PIPPIN_USDT
Gate PIPPIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $74.76
- Price spread: +0.106% → +0.034%
- $7.16
- Slippage, 4 orders
- −$863.81
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$796.89
- Costs to cover
- 8.788%
- Break-even
- 81.6 days
Slippage from MEXC: live order book, 2 min ago; Gate: 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 MEXC live order book, 2 min ago | 5.29 bp | 11.6 bp −$12 | 111.6 bp −$1,116 | 226.8 bp −$22.7K | 473.5 bp −$236.8K |
| Sell Gate live order book, 3 min ago | 5.29 bp | 611.9 bp −$612 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0100% | 4h | 0.01890 | +0.053% | $1.6M | $350K | 10x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01892 | +0.159% | $2K | $9.7M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01884 | −0.265% | $34K | $16K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0127% | 4h | 0.01890 | +0.053% | $1.6M | $3.2M | 20x | as long as short |
| Pacifica PIPPIN | +0.0134% | 1h | 0.01891 | +0.079% | $18K | $9K | 3x | as long as short |
| Aster PIPPINUSDT | +0.0167% | 4h | 0.01895 | +0.324% | $110K | $32K | 5x | as long as short |
| KuCoin PIPPINUSDTM | +0.0290% | 4h | 0.01891 | +0.106% | $2.1M | $3.3M | 25x | as long as short |
| Binance PIPPINUSDT | +0.0368% | 4h | 0.01890 | +0.053% | $5.3M | $4.6M | 25x | as long as short |
| BloFin PIPPIN-USDT | +0.0387% | 4h | 0.01890 | +0.053% | $250K | $27K | 25x | as long as short |
| MEXC PIPPIN_USDTlong | +0.0394% | 4h | 0.01889 | long leg | $2.6M | $746K | 50x |
Bitget PIPPINUSDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
OKX PIPPIN-USDT-SWAP
Pacifica PIPPIN
Aster PIPPINUSDT
KuCoin PIPPINUSDTM
Binance PIPPINUSDT
BloFin PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.0582% | 4h | 0.01892 | +0.159% | — | $1.3M | — | as long as short |
| Bybit PIPPINUSDT | +0.0613% | 4h | 0.01893 | +0.212% | $3.6M | $1.3M | 13x | as long as short |
| Gate PIPPIN_USDTshort | +0.0750% | 4h | 0.01891 | +0.106% | $1.8M | $299K | 20x |
BingX PIPPIN-USDT
Bybit PIPPINUSDT