Funding arb · Price arb /

PIPPIN

all PIPPIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%

Price spread now: Pacifica against Aster−0.321%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.321% cheaper against Aster than usual: you would sell low and buy high, −$32 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PIPPINUSDT	0.01903	0.0100	pay 0.0050% / 4h	2h 55m	$111K	$33K	5x
Short	Pacifica PIPPIN	0.01897	0.0100	get 0.0013% / 1h	55m 57s	$18K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee AsterbpFee PacificabpOrdersPrice spread, now −0.321%Rate

Funding earned: $0
Price spread: −0.321% → 0.000%: −$32.11
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$48.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 10 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 10 min ago	7.81 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PIPPIN on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PIPPIN-USDT	+0.0093%	4h	0.01897	−0.321%	$253K	$29K	25x	as long as short
Aster PIPPINUSDTlong	+0.0100%	4h	0.01903	long leg	$111K	$33K	5x
Pacifica PIPPINshort	+0.0100%	1h	0.01897	−0.321%	$18K	$9K	3x
Binance PIPPINUSDT	+0.0100%	4h	0.01895	−0.406%	$5.3M	$4.7M	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01896	−0.374%	$1.5M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01896	−0.374%	$2.4M	$739K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01897	−0.321%	$2K	$10.0M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01892	−0.584%	$34K	$15K	20x	as long as short
Bybit PIPPINUSDT	+0.0107%	4h	0.01895	−0.426%	$3.6M	$1.4M	13x	as long as short
Gate PIPPIN_USDT	+0.0596%	4h	0.01897	−0.321%	$1.8M	$298K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.1684%	4h	0.01896	−0.374%	$2.1M	$4.3M	25x	as long as short
BingX PIPPIN-USDT	+0.2000%	4h	0.01900	−0.163%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.2060%	4h	0.01897	−0.321%	$1.6M	$332K	10x	as long as short