PIPPIN funding rates and arbitrage
Updated 2026-10-29 14:52 UTC
Best PIPPIN arbitrage after every cost
| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| PIPPIN | Perp ↔ perp | OKX PIPPIN-USDT-SWAP | BingX PIPPIN-USDT | −$5.40 | −2.8% | < $100 | Watch |
| PIPPIN | Perp ↔ perp | Bitget PIPPINUSDT | BingX PIPPIN-USDT | −$14.54 | −7.6% | < $100 | Watch |
| PIPPIN | Perp ↔ perp | Bybit PIPPINUSDT | BingX PIPPIN-USDT | −$17.59 | −9.2% | < $100 | Watch |
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PIPPIN funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Pacifica | PIPPIN | 0.0094% | 1 h | +82.4% | +24.2% | $12.8K | 2026-10-29 15:00 |
| BloFin | PIPPIN-USDT | 0.0371% | 4 h | +81.2% | +34.3% | $211.9K | 2026-10-29 16:00 |
| MEXC | PIPPIN_USDT | 0.0348% | 4 h | +76.2% | +33.4% | $885.9K | 2026-10-29 16:00 |
| LBank | PIPPINUSDT | 0.0342% | 4 h | +74.9% | — | — | 2026-10-29 16:00 |
| Aster | PIPPINUSDT | 0.0339% | 4 h | +74.3% | +27.9% | $62.9K | 2026-10-29 16:00 |
| Binance | PIPPINUSDT | 0.0338% | 4 h | +74.0% | +33.2% | $4.8M | 2026-10-29 16:00 |
| BingX | PIPPIN-USDT | 0.0324% | 4 h | +71.0% | +69.4% | $1.1M | 2026-10-29 16:00 |
| KuCoin | PIPPINUSDTM | 0.0050% | 4 h | +10.9% | +30.5% | $961.8K | 2026-10-29 16:00 |
| Bitunix | PIPPINUSDT | 0.0050% | 4 h | +10.9% | +32.2% | — | 2026-10-29 16:00 |
| OKX | PIPPIN-USDT-SWAP | 0.0050% | 4 h | +10.9% | +25.0% | $1M | 2026-10-29 16:00 |
| Bitget | PIPPINUSDT | 0.0050% | 4 h | +10.9% | +30.0% | $1.3M | 2026-10-29 16:00 |
| Bybit | PIPPINUSDT | 0.0050% | 4 h | +10.9% | +31.1% | $2.7M | 2026-10-29 16:00 |
| Gate | PIPPIN_USDT | 0.0050% | 4 h | +10.9% | +14.3% | $758.4K | 2026-10-29 16:00 |
Borrow PIPPIN to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 2.91% | $30K |
Cost to enter $10,000 of PIPPIN
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| BingX | PIPPIN-USDT | 17.3 bp | live order book |
| OKX | PIPPIN-USDT-SWAP | 19.5 bp | live order book |
| Bybit | PIPPINUSDT | 22.1 bp | live order book |
| Bitget | PIPPINUSDT | 24.7 bp | live order book |
| MEXC | PIPPIN_USDT | 3.2 bp | top of book only |
| Binance | PIPPINUSDT | 8.2 bp | top of book only |
| Gate | PIPPIN_USDT | 10.7 bp | top of book only |
| BloFin | PIPPIN-USDT | 12.3 bp | top of book only |
| KuCoin | PIPPINUSDTM | 12.3 bp | top of book only |
| Aster | PIPPINUSDT | 16.7 bp | top of book only |
| Gate | PIPPIN_USDT (spot) | 26.7 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on PIPPIN
Questions
Is PIPPIN funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PIPPIN pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PIPPIN funding rate?
Pacifica at +82.4% a year (0.0094% every 1 h); the lowest is Gate at +10.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.