Settings8H · net · $10k
Funding arb · Price arb /

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h −0.024%
Price spread now: OKX against Aster+0.012%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$740.743% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.166%+$17 on $10k
Price spread, last 4 days (all we have)+0.452%+$45 · spread now +0.012%, 7d avg +0.119%
Together, before fees+0.617%+ Points / potential airdropAster: Stage 5 · farm board+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.107% cheaper against Aster than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.119%). If the spread goes back, that is −$11 on $10k: about 43 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PIPPINUSDT0.019070.0100pay 0.0050% / 4h3h 10m$111K$33K5x
ShortOKX PIPPIN-USDT-SWAP0.019070.0298get 0.0149% / 4h3h 10m$1.5M$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$41.53
Price spread: +0.012% → +0.119%
−$10.71
Slippage, 4 orders
−$56.32
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$43.5
Costs to cover
0.743%
Break-even
14.3 days
Slippage from Aster: live order book, 40 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 40 min ago5.25 bp13.5 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.62 bp17.1 bp −$17129.7 bp −$1,297doesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PIPPINUSDTlong+0.0100%4h0.01907long leg$111K$33K5x
Pacifica PIPPIN+0.0100%1h0.01908+0.038%$18K$9K3xas long as short
Binance PIPPINUSDT+0.0100%4h0.01908+0.055%$5.4M$5.0M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01907+0.012%$2.5M$714K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01910+0.169%$1K$10.2M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01887−1.037%$34K$14K20xas long as short
BloFin PIPPIN-USDT+0.0120%4h0.01909+0.117%$254K$27K25xas long as short
OKX PIPPIN-USDT-SWAPshort+0.0298%4h0.01907+0.012%$1.5M$3.3M20x
Gate PIPPIN_USDT+0.0324%4h0.01907+0.012%$1.8M$317K20xas long as short
Bybit PIPPINUSDT+0.0658%4h0.01908+0.064%$3.6M$1.4M13xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIPPIN-USDT+0.0756%4h0.01907+0.012%$1.3Mas long as short
Bitget PIPPINUSDT+0.0798%4h0.01908+0.064%$1.6M$305K10xas long as short
KuCoin PIPPINUSDTM+0.1090%4h0.01908+0.064%$2.1M$5.5M25xas long as short