Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.38 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against OKX−0.014%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$940.937% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now −0.014%, 7d avg −0.096%
=The price spread pays, funding is against you. Binance is 0.082% dearer against OKX than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.096%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PIPPIN-USDT-SWAP | 0.01907 | 0.0175 | pay 0.0088% / 4h | 15m 51s | $1.5M | $3.5M | 20x |
| Short | Binance PIPPINUSDT | 0.01907 | 0.0100 | get 0.0050% / 4h | 15m 51s | $5.4M | $5.3M | 25x |
OKX PIPPIN-USDT-SWAP
Binance PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$15.75
- Price spread: −0.014% → −0.096%
- $8.2
- Slippage, 4 orders
- −$73.72
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$101.27
- Costs to cover
- 0.937%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 7 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 OKX live order book, 1 min ago | 2.62 bp | 22.3 bp −$22 | 143.3 bp −$1,433 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.62 bp | 23.6 bp −$24 | 161.6 bp −$1,616 | 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 | +0.0075% | 4h | 0.01908 | +0.052% | $255K | $32K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01905 | −0.105% | $111K | $35K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01906 | −0.031% | $18K | $5K | 3x | as long as short |
| Binance PIPPINUSDTshort | +0.0100% | 4h | 0.01907 | −0.014% | $5.4M | $5.3M | 25x | |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01907 | 0.000% | $2.7M | $768K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01908 | +0.052% | $3K | $10.4M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01900 | −0.367% | $34K | $14K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0117% | 4h | 0.01906 | −0.052% | $3.6M | $1.5M | 13x | as long as short |
| Gate PIPPIN_USDT | +0.0154% | 4h | 0.01905 | −0.105% | $1.8M | $329K | 20x | as long as short |
| OKX PIPPIN-USDT-SWAPlong | +0.0175% | 4h | 0.01907 | long leg | $1.5M | $3.5M | 20x |
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Pacifica PIPPIN
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
Gate PIPPIN_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.0308% | 4h | 0.01908 | +0.052% | $1.6M | $324K | 10x | as long as short |
| BingX PIPPIN-USDT | +0.0336% | 4h | 0.01907 | 0.000% | — | $1.4M | — | as long as short |
| KuCoin PIPPINUSDTM | +0.0522% | 4h | 0.01905 | −0.105% | $2.1M | $6.3M | 25x | as long as short |
Bitget PIPPINUSDT
BingX PIPPIN-USDT
KuCoin PIPPINUSDTM