Funding you earn now, next payment 04:00 UTC+0.1834%/8h= +200.8% APRnext payment +$9.17 per $10,000 · paid last 24h +0.066%
Price spread now: BingX against OKX+0.053%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$940.936% of the position
Funding, last 7 days+0.530%+$53 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.053%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and BingX is 0.056% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.004%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.530% in total (about 27.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.17 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 | OKX PIPPIN-USDT-SWAP | 0.01904 | 0.0100 | pay 0.0050% / 4h | 1h 52m | $1.6M | $3.2M | 20x |
| Short | BingX PIPPIN-USDT | 0.01905 | 0.1934 | get 0.0967% / 4h | 1h 52m | — | $1.3M | — |
OKX PIPPIN-USDT-SWAP
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $385.14
- Price spread: +0.053% → −0.004%
- $5.61
- Slippage, 4 orders
- −$73.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $297.11
- Costs to cover
- 0.936%
- Break-even
- 1.6 days
Slippage from OKX: live order book, 4 min ago; BingX: live order book, 8 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, 4 min ago | 5.25 bp | 23.8 bp −$24 | 149.2 bp −$1,492 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 10.47 bp | 23.2 bp −$23 | 120.9 bp −$1,209 | 424.6 bp −$42.5K | doesn't fit |
PIPPIN on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PIPPIN | −0.0778% | 1h | 0.01903 | −0.063% | $18K | $9K | 3x | as long as short |
| Aster PIPPINUSDT | −0.0017% | 4h | 0.01903 | −0.053% | $111K | $33K | 5x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01903 | −0.037% | $5.4M | $4.8M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01904 | 0.000% | $3.6M | $1.4M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAPlong | +0.0100% | 4h | 0.01904 | long leg | $1.6M | $3.2M | 20x | |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01904 | 0.000% | $1.8M | $301K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01903 | −0.053% | $2.4M | $724K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01901 | −0.158% | $2K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01895 | −0.473% | $34K | $13K | 20x | as long as short |
| KuCoin PIPPINUSDTM | +0.1528% | 4h | 0.01906 | +0.105% | $2.1M | $4.7M | 25x | as long as short |
Pacifica PIPPIN
Aster PIPPINUSDT
Binance PIPPINUSDT
Bybit PIPPINUSDT
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDT
KuCoin PIPPINUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIPPINUSDT | +0.1926% | 4h | 0.01905 | +0.053% | $1.6M | $325K | 10x | as long as short |
| BingX PIPPIN-USDTshort | +0.1934% | 4h | 0.01905 | +0.053% | — | $1.3M | — |
Bitget PIPPINUSDT