PIPPIN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0432%/8h= +47.3% APRnext payment +$2.16 per $10,000 · paid last 24h +0.124%

Price spread now: BingX against SunX−0.052%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1581.580% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.101%+$110 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.052%, 7d avg +0.012%

Together, before fees+1.262%+$126 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.064% cheaper against SunX than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.012%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PIPPIN-USDT	0.01914	0.0100	pay 0.0050% / 4h	2h 58m	$2K	$10.1M	20x
Short	BingX PIPPIN-USDT	0.01913	0.0532	get 0.0266% / 4h	2h 58m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BingXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $90.72
Price spread: −0.052% → +0.012%: −$6.42
Slippage, 4 orders: −$140.01
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$73.71
Costs to cover: 1.580%
Break-even: 12.7 days

Slippage from SunX: live order book, 11 min ago; BingX: live order book, 9 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 SunX live order book, 11 min ago	18.29 bp	37.5 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.62 bp	17.8 bp −$18	117.5 bp −$1,175	573.5 bp −$57.3K	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
SunX PIPPIN-USDTlong	+0.0100%	4h	0.01914	long leg	$2K	$10.1M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01898	−0.836%	$34K	$14K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0138%	4h	0.01914	0.000%	$1.5M	$3.4M	20x	as long as short
Bitget PIPPINUSDT	+0.0156%	4h	0.01913	−0.052%	$1.6M	$323K	10x	as long as short
Aster PIPPINUSDT	+0.0333%	4h	0.01909	−0.238%	$111K	$35K	5x	as long as short
Pacifica PIPPIN	+0.0410%	1h	0.01913	−0.052%	$18K	$5K	3x	as long as short
Bybit PIPPINUSDT	+0.0479%	4h	0.01913	−0.052%	$3.7M	$1.5M	13x	as long as short
KuCoin PIPPINUSDTM	+0.0488%	4h	0.01913	−0.052%	$2.1M	$6.6M	25x	as long as short
Binance PIPPINUSDT	+0.0504%	4h	0.01912	−0.091%	$5.4M	$5.2M	25x	as long as short
MEXC PIPPIN_USDT	+0.0510%	4h	0.01911	−0.157%	$3.0M	$795K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PIPPIN-USDT	+0.0522%	4h	0.01913	−0.052%	$254K	$32K	25x	as long as short
BingX PIPPIN-USDTshort	+0.0532%	4h	0.01913	−0.052%	—	$1.3M	—
Gate PIPPIN_USDT	+0.1010%	4h	0.01911	−0.157%	$1.8M	$287K	20x	as long as short