PIPPIN Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized PIPPIN perpetual funding across all 8 venues Perpia tracks. Right now PIPPIN funding is positive on 8 and negative on 0, ranging from +79.5% on Bitget to +5.5% on MEXC — a spread of 74.0%. The widest delta-neutral trade is long Binance / short Bitget at 69.7% net APR.
PIPPIN funding rate by venue
21 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bitget | +79.5% | 4h |
| BingX | +78.8% | 4h |
| OKX | +40.4% | 4h |
| Bybit | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| Binance | +5.5% | 8h |
| MEXC | +5.5% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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PIPPIN funding — FAQ
Is PIPPIN funding positive right now?
PIPPIN perpetual funding is positive on 8 of 8 venues Perpia tracks. The highest is +79.5% on Bitget; the lowest is +5.5% on MEXC.
What is the best PIPPIN funding arbitrage right now?
Go long Binance and short Bitget for about 69.7% net APR after fees — the widest delta-neutral PIPPIN spread Perpia currently sees.
Which exchange has the highest PIPPIN funding rate?
Bitget, at +79.5% annualized. Funding shifts continuously, so check the live table above before trading.
How PIPPIN funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.