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

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%
Price spread now: Pacifica against Binance−0.120%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: 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 0.120% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PIPPINUSDT0.019080.0100pay 0.0050% / 4h2h 40m$5.4M$5.1M25x
ShortPacifica PIPPIN0.019050.0100get 0.0013% / 1h40m 03s$18K$9K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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
$0
Price spread: −0.120% → 0.000%
−$11.98
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$29.98
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 13 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago2.60 bp19.5 bp −$19330.7 bp −$3,307doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PIPPINUSDT+0.0100%4h0.01904−0.179%$111K$33K5xas long as short
Pacifica PIPPINshort+0.0100%1h0.01905−0.120%$18K$9K3x
Binance PIPPINUSDTlong+0.0100%4h0.01908long leg$5.4M$5.1M25x
MEXC PIPPIN_USDT+0.0100%4h0.01907−0.031%$2.5M$708K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01904−0.188%$735$10.4M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01902−0.293%$34K$14K20xas long as short
BloFin PIPPIN-USDT+0.0158%4h0.01907−0.031%$253K$27K25xas long as short
OKX PIPPIN-USDT-SWAP+0.0284%4h0.01908+0.022%$1.5M$3.4M20xas long as short
Gate PIPPIN_USDT+0.0376%4h0.01906−0.083%$1.8M$320K20xas long as short
Bitget PIPPINUSDT+0.0660%4h0.01909+0.074%$1.6M$315K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PIPPINUSDT+0.0847%4h0.01908+0.022%$3.7M$1.4M13xas long as short
BingX PIPPIN-USDT+0.0872%4h0.01910+0.127%$1.3Mas long as short
KuCoin PIPPINUSDTM+0.0984%4h0.01909+0.074%$2.1M$5.6M25xas long as short