Funding you earn now, next payment 04:00 UTC+0.1486%/8h= +162.7% APRnext payment +$7.43 per $10,000 · paid last 24h +0.061%
Price spread now: Bitget against SunX+0.158%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1521.519% of the position
Funding, last 7 days+0.591%+$59 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.158%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Bitget is 0.190% dearer against SunX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.032%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.591% in total (about 30.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.43 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 | SunX PIPPIN-USDT | 0.01898 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $2K | $10.1M | 20x |
| Short | Bitget PIPPINUSDT | 0.01901 | 0.1586 | get 0.0793% / 4h | 1h 32m | $1.6M | $325K | 10x |
SunX PIPPIN-USDT
Bitget PIPPINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against SunX. 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
- $312.06
- Price spread: +0.158% → −0.032%
- $18.99
- Slippage, 4 orders
- −$131.9
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $179.14
- Costs to cover
- 1.519%
- Break-even
- 3.0 days
Slippage from SunX: live order book, 6 min ago; Bitget: live order book, 4 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, 6 min ago | 18.45 bp | 43.8 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.27 bp | 24.5 bp −$25 | 267.2 bp −$2,672 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PIPPIN | −0.0778% | 1h | 0.01899 | +0.053% | $18K | $9K | 3x | as long as short |
| BloFin PIPPIN-USDT | +0.0048% | 4h | 0.01899 | +0.053% | $252K | $27K | 25x | as long as short |
| Aster PIPPINUSDT | +0.0075% | 4h | 0.01897 | −0.030% | $110K | $33K | 5x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01900 | +0.105% | $5.4M | $4.8M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01901 | +0.158% | $3.6M | $1.4M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01902 | +0.211% | $1.5M | $3.3M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01898 | 0.000% | $1.8M | $302K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01900 | +0.105% | $2.4M | $726K | 50x | as long as short |
| SunX PIPPIN-USDTlong | +0.0100% | 4h | 0.01898 | long leg | $2K | $10.1M | 20x | |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01885 | −0.685% | $34K | $14K | 20x | as long as short |
Pacifica PIPPIN
BloFin PIPPIN-USDT
Aster PIPPINUSDT
Binance PIPPINUSDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
HTX PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTM | +0.1248% | 4h | 0.01900 | +0.105% | $2.1M | $4.8M | 25x | as long as short |
| Bitget PIPPINUSDTshort | +0.1586% | 4h | 0.01901 | +0.158% | $1.6M | $325K | 10x | |
| BingX PIPPIN-USDT | +0.1608% | 4h | 0.01902 | +0.211% | — | $1.3M | — | as long as short |
KuCoin PIPPINUSDTM
BingX PIPPIN-USDT