PIPPIN funding rate comparison
Live perpetual-futures funding for PIPPIN across 3 exchanges, ranked by annualized rate. A positive rate means longs pay shorts.
~7.3% APR delta-neutral carry on PIPPIN
Long PIPPIN on Bybit (+5.47% APR) and short it on Binance (+12.77% APR), equal notional on each leg. The position is price-neutral; the funding you net per year ≈ the spread. Before fees/slippage. Not advice.
| Exchange | Per interval | Per day | APR (annualized) | |
|---|---|---|---|---|
| Binance | +0.0117% | +0.0350% | +12.77% | Trade PIPPIN → |
| Bybit | +0.0050% | +0.0150% | +5.47% | Trade PIPPIN → |
| Gate | +0.0050% | +0.0150% | +5.47% | Trade PIPPIN → |
As of 2026-06-23 21:26 UTC. APR assumes the current rate repeats at each funding interval (typically every 8h = 3×/day).
How to read this
- Cheapest to be long PIPPIN: Bybit (+5.47% APR) — the least you pay (or the most you get paid) to hold a long.
- Cheapest to be short PIPPIN: Binance (+12.77% APR).
- Funding is paid between traders, not to the exchange. The exchange still charges a separate trading fee.