PIPPIN Funding Rate Today
Current PIPPIN funding across major exchanges, including advertised APR, model-adjusted apr, and Mirage context.
PIPPIN funding is currently positive across tracked venues, but model-adjusted APR remains materially below the headline annualized signal.
Current PIPPIN funding by exchange
Mirage is material, so model-adjusted APR remains notably below the advertised annualized funding signal.
Advertised APR is annualized from current funding. Model-Adjusted APR is a public estimate after Mirage and execution-aware adjustments.
See Bybit funding indexFunding rate is the periodic transfer between longs and shorts in perpetual futures. A positive annualized rate can still degrade materially once fees, decay, and crowding are applied.
Read methodologyReview funding rate riskValidation status for this public metric.
Supported means stronger observed coverage. Calibration and exploratory indicate weaker empirical depth.
PIPPIN Funding Rate FAQ
What is the current PIPPIN funding rate?
The average PIPPIN funding rate across major exchanges is 1900.4% advertised APR. After model adjustments for execution reality, the model-adjusted APR is approximately 906.7%.
Which exchange has the best PIPPIN funding rate?
Currently, Bybit offers the best model-adjusted APR for PIPPIN perpetual futures funding. This accounts for execution costs, decay, and crowding effects that reduce headline yields.
How much of PIPPIN funding yield actually survives?
The current Mirage for PIPPIN is 57.9%, meaning approximately 42.1% of the headline annualized funding survives execution reality. Mirage accounts for fees, basis drag, decay, and crowding.
When is the next PIPPIN funding payment?
Funding payments occur at fixed intervals: Bybit: 4h, OKX: 4h, Binance: 8h. The exact next payment time depends on the exchange, but perpetual futures funding typically settles every 8 hours on most venues.
What factors affect PIPPIN perpetual futures funding?
PIPPIN funding rates are driven by the balance between long and short positions, spot-perpetual basis, market sentiment, and leverage demand. High positive funding indicates bullish crowding; negative funding suggests bearish pressure.