PIPPIN Funding Rate
PIPPIN perpetual funding on 10 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.
Updated · How we count
PIPPIN funding rate on every exchange
| Exchange | Rate per 8 h | Per period | Predicted | By premium | Annual | 1 day · 7 days · 30 days | Next payment | 24h volume | ||
|---|---|---|---|---|---|---|---|---|---|---|
 Bybit4 hbest long | +0.0100% | +0.0050% | — | +0.0383% | 11.0% | +0.0579% | +0.408% | +2.355% | $380.6K | |
 OKX4 h | +0.0196% | +0.0098% | — | — | 21.5% | +0.0702% | +0.356% | +1.892% | $499.6K | |
 KuCoin4 h | +0.0262% | +0.0131% | — | — | 28.7% | +0.0276% | +0.791% | +3.716% | $182K | |
 LBank4 h | +0.0276% | +0.0138% | — | +0.0384% | 30.2% | +0.116% | +0.611% | +1.810% | — | |
 MEXC4 h | +0.0322% | +0.0161% | — | +0.0702% | 35.3% | +0.116% | +0.615% | +2.966% | $168.4K | |
 WEEX4 h | +0.0323% | +0.0162% | — | +0.0050% | 35.4% | +0.116% | +0.617% | +2.974% | $56.9K | |
 Binance4 h | +0.0352% | +0.0176% | — | +0.214% | 38.5% | +0.114% | +0.613% | +2.976% | — | |
 Toobit4 h | +0.0723% | +0.0362% | — | +0.183% | 79.2% | +0.214% | +1.367% | +10.192% | $203K | |
 Bitget4 h | +0.171% | +0.0856% | — | +0.0358% | 187% | +0.141% | +0.808% | +4.062% | $122.2K | |
 BingX4 hbest short | +0.171% | +0.0857% | — | +0.0050% | 188% | +0.175% | +1.184% | +5.996% | $1.3M | |
What PIPPIN funding actually paid
Over 7 days, a PIPPIN long paid +0.737% on average across exchanges (38.4% a year). The most on Toobit (+1.367%), the least on OKX (+0.356%).
Over 30 days, a PIPPIN long paid +3.894% on average across exchanges (48.6% a year). The most on Toobit (+10.192%), the least on LBank (+1.810%).
PIPPIN funding rate history chart
Loading payments…
PIPPIN funding arbitrage right now
Among the exchanges that publish a 24h volume, the lowest rate now is on Bybit (+0.0100% per 8 h), the highest on BingX (+0.171%). Long on Bybit and short on BingX, price hedged: a difference of 177% a year before fees and before the rates move.
Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →
PIPPIN perpetual futures by exchange
BingXPIPPIN/USDT:USDT$0.015815$1.3MOKXPIPPIN/USDT:USDT$0.015815$499.6KBybitPIPPIN/USDT:USDT$0.015820$380.6KToobitPIPPIN/USDT:USDT$0.015795$203KKuCoinPIPPIN/USDT:USDT$0.015785$182KMEXCPIPPIN/USDT:USDT$0.015795$168.4KBitgetPIPPIN/USDT:USDT$0.015795$122.2KWEEXPIPPIN/USDT:USDT$0.015790$56.9KBinancePIPPIN/USDT:USDT$0.015795—LBankPIPPIN/USDT:USDT—FAQ
- What is the PIPPIN funding rate?
A periodic payment between long and short holders of PIPPIN perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from 0.0100% to 0.1714% per 8 hours across 10 exchanges.
- How often is PIPPIN funding paid?
Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.
- Why is the PIPPIN funding rate different on each exchange?
Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.
- Does a high APR mean high profit?
No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.