Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.047%
Price spread now: SunX against OKX−0.105%47s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1661.658% of the position
Funding, last 7 days−0.540%−$54 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.105%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.106% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PIPPIN-USDT-SWAP | 0.01912 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $1.5M | $3.2M | 20x |
| Short | SunX PIPPIN-USDT | 0.01910 | 0.0100 | get 0.0050% / 4h | 2h 18m | $2K | $10.1M | 20x |
OKX PIPPIN-USDT-SWAP
SunX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $0
- Price spread: −0.105% → +0.001%
- −$10.57
- Slippage, 4 orders
- −$147.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$176.32
- Costs to cover
- 1.658%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; SunX: live order book, 11 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 | 2.61 bp | 22.3 bp −$22 | 137.9 bp −$1,379 | doesn't fit | doesn't fit |
| Sell SunX live order book, 11 min ago | 18.29 bp | 66.8 bp −$67 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIPPINUSDT | +0.0100% | 4h | 0.01916 | +0.209% | $111K | $33K | 5x | as long as short |
| Pacifica PIPPIN | +0.0100% | 1h | 0.01912 | +0.026% | $18K | $9K | 3x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01912 | −0.018% | $5.4M | $4.8M | 25x | as long as short |
| OKX PIPPIN-USDT-SWAPlong | +0.0100% | 4h | 0.01912 | long leg | $1.5M | $3.2M | 20x | |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01912 | 0.000% | $2.5M | $744K | 50x | as long as short |
| SunX PIPPIN-USDTshort | +0.0100% | 4h | 0.01910 | −0.105% | $2K | $10.1M | 20x | |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01897 | −0.785% | $34K | $15K | 20x | as long as short |
| Bybit PIPPINUSDT | +0.0149% | 4h | 0.01913 | +0.052% | $3.7M | $1.4M | 13x | as long as short |
| Gate PIPPIN_USDT | +0.0190% | 4h | 0.01913 | +0.052% | $1.8M | $306K | 20x | as long as short |
| KuCoin PIPPINUSDTM | +0.1732% | 4h | 0.01912 | 0.000% | $2.1M | $4.5M | 25x | as long as short |
Aster PIPPINUSDT
Pacifica PIPPIN
Binance PIPPINUSDT
MEXC PIPPIN_USDT
HTX PIPPIN-USDT
Bybit PIPPINUSDT
Gate PIPPIN_USDT
KuCoin PIPPINUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIPPIN-USDT | +0.2114% | 4h | 0.01911 | −0.052% | — | $1.3M | — | as long as short |
| Bitget PIPPINUSDT | +0.2226% | 4h | 0.01913 | +0.052% | $1.6M | $328K | 10x | as long as short |
BingX PIPPIN-USDT
Bitget PIPPINUSDT