# PIPPIN Funding Rates

As of 2026-10-04 09:44 UTC, PIPPIN perpetual funding averages 0.0595% per 8 hours (65.12% APR) across all 15 exchanges that list it, weighted by 24h volume (median 0.0642%). Highest: Toobit at 0.1073% per 4h (235.08% APR). Lowest: Bybit at 0.0050% per 4h (10.95% APR). Going long on Bybit and short on Toobit collects a gross spread of 0.2047% per 8 hours (224.13% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [Toobit](https://arbtide.com/funding-rates/pippin/toobit) | [PIPPIN/USDT:USDT](https://www.toobit.com/en-US/futures/PIPPIN-SWAP-USDT) | 0.1073% | 4h | 235.08% | 2026-10-04 12:00 UTC |
| [Aster](https://arbtide.com/funding-rates/pippin/aster) | [PIPPIN/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PIPPINUSDT) | 0.0415% | 4h | 90.85% | — |
| [Binance](https://arbtide.com/funding-rates/pippin/binance) | [PIPPIN/USDT:USDT](https://www.binance.com/en/futures/PIPPINUSDT) | 0.0350% | 4h | 76.70% | 2026-10-04 12:00 UTC |
| [XT.COM](https://arbtide.com/funding-rates/pippin/xt) | [PIPPIN/USDT:USDT](https://www.xt.com/en/futures/trade/pippin_usdt) | 0.0350% | 4h | 76.70% | 2026-10-04 12:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/pippin/kucoin) | [PIPPIN/USDT:USDT](https://www.kucoin.com/trade/futures/PIPPINUSDTM) | 0.0339% | 4h | 74.24% | 2026-10-04 12:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/pippin/mexc) | [PIPPIN/USDT:USDT](https://www.mexc.com/futures/PIPPIN_USDT) | 0.0337% | 4h | 73.80% | 2026-10-04 12:00 UTC |
| [LBank](https://arbtide.com/funding-rates/pippin/lbank) | [PIPPIN/USDT:USDT](https://www.lbank.com/futures/pippinusdt) | 0.0331% | 4h | 72.49% | 2026-10-04 12:00 UTC |
| [BingX](https://arbtide.com/funding-rates/pippin/bingx) | [PIPPIN/USDT:USDT](https://bingx.com/en/perpetual/PIPPIN-USDT) | 0.0321% | 4h | 70.30% | — |
| [WEEX](https://arbtide.com/funding-rates/pippin/weex) | [PIPPIN/USDT:USDT](https://www.weex.com/futures/PIPPIN-USDT) | 0.0292% | 4h | 63.97% | 2026-10-04 09:44 UTC |
| [OKX](https://arbtide.com/funding-rates/pippin/okx) | [PIPPIN/USDT:USDT](https://www.okx.com/trade-swap/pippin-usdt-swap) | 0.0080% | 4h | 17.51% | 2026-10-04 12:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/pippin/bitget) | [PIPPIN/USDT:USDT](https://www.bitget.com/futures/usdt/PIPPINUSDT) | 0.0077% | 4h | 16.86% | — |
| [Bybit](https://arbtide.com/funding-rates/pippin/bybit) | [PIPPIN/USDT:USDT](https://www.bybit.com/trade/usdt/PIPPINUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [Gate](https://arbtide.com/funding-rates/pippin/gate) | [PIPPIN/USDT:USDT](https://www.gate.com/futures/USDT/PIPPIN_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [HTX](https://arbtide.com/funding-rates/pippin/htx) | [PIPPIN/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=PIPPIN-USDT&contract_type=swap&type=cross) | 0.0050% | 4h | 10.95% | 2026-10-04 12:00 UTC |
| [Pacifica](https://arbtide.com/funding-rates/pippin/pacifica) | [PIPPIN/USDC:USDC](https://app.pacifica.fi/trade/PIPPIN) | 0.0013% | 1h | 10.95% | 2026-10-04 10:00 UTC |

## Frequently asked questions

### Is the PIPPIN funding rate positive right now?

Yes. PIPPIN funding is positive on 15 of the 15 exchanges, which means longs are paying shorts on those venues.

### Which exchange has the highest PIPPIN funding rate?

Toobit at 0.1073% per 4h (235.08% APR). The lowest is Bybit at 0.0050% per 4h (10.95% APR).

### What is the PIPPIN funding arbitrage spread?

The gross spread is 0.2047% per 8 hours (224.13% APR): long PIPPIN on Bybit and short on Toobit. Trading fees, slippage and price basis reduce the net return.

### How often is PIPPIN funding paid?

PIPPIN funding is paid every 4 hours on Toobit, Aster, Binance, XT.COM, KuCoin, MEXC, LBank, BingX, WEEX, OKX, Bitget, Bybit, Gate, and HTX; every hour on Pacifica. Rates on this page are also shown as APR so they can be compared directly.