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

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%
Price spread now: Binance against Pacifica−0.042%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 5 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: Binance is 0.042% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PIPPIN0.019030.0100pay 0.0013% / 1h8m 31s$18K$9K3x
ShortBinance PIPPINUSDT0.019020.0100get 0.0050% / 4h8m 31s$5.4M$4.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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: −0.042% → 0.000%
−$4.2
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$22.2
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; Binance: live order book, 14 min ago. 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 Pacifica no order-book sample
Sell Binance live order book, 14 min ago2.63 bp19.3 bp −$19142.6 bp −$1,426doesn't fitdoesn't fit
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%4h0.01896−0.349%$110K$34K5xas long as short
Pacifica PIPPINlong+0.0100%1h0.01903long leg$18K$9K3x
Binance PIPPINUSDTshort+0.0100%4h0.01902−0.042%$5.4M$4.6M25x
OKX PIPPIN-USDT-SWAP+0.0100%4h0.01903+0.011%$1.6M$3.2M20xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01903+0.011%$2.4M$765K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01905+0.116%$2K$9.9M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01889−0.725%$34K$16K20xas long as short
BloFin PIPPIN-USDT+0.0121%4h0.01903+0.011%$251K$28K25xas long as short
Gate PIPPIN_USDT+0.0340%4h0.01900−0.147%$1.8M$305K20xas long as short
Bybit PIPPINUSDT+0.0470%4h0.01904+0.063%$3.7M$1.4M13xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIPPIN-USDT+0.0702%4h0.01903+0.011%$1.3Mas long as short
Bitget PIPPINUSDT+0.0794%4h0.01904+0.063%$1.6M$330K10xas long as short
KuCoin PIPPINUSDTM+0.0934%4h0.01903+0.011%$2.1M$3.9M25xas long as short