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

PIPPIN

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0230%/8h= +25.1% APRpaid last 24h +0.168%
Price spread now: KuCoin against Pacifica+0.105%7-day average · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.105% dearer against Pacifica than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PIPPIN0.019020.0134pay 0.0017% / 1h25m 04s$18K$9K3x
ShortKuCoin PIPPINUSDTM0.019040.0364get 0.0182% / 4h2h 25m$2.1M$3.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$48.2
Price spread: +0.105% → 0.000%
$10.52
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$38.71
Costs to cover
0.200%
Break-even
1.4 days
Slippage unknown: Pacifica: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago5.26 bp35.7 bp −$36doesn't fitdoesn'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%4h0.01899−0.167%$110K$32K5xas long as short
Bitget PIPPINUSDT+0.0100%4h0.01901−0.053%$1.6M$349K10xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01905+0.158%$2K$9.7M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01888−0.736%$34K$16K20xas long as short
Pacifica PIPPINlong+0.0134%1h0.01902long leg$18K$9K3x
OKX PIPPIN-USDT-SWAP+0.0183%4h0.01904+0.105%$1.6M$3.3M20xas long as short
MEXC PIPPIN_USDT+0.0228%4h0.01903+0.053%$2.5M$767K50xas long as short
Binance PIPPINUSDT+0.0258%4h0.01903+0.079%$5.3M$4.5M25xas long as short
BloFin PIPPIN-USDT+0.0268%4h0.01900−0.105%$250K$27K25xas long as short
KuCoin PIPPINUSDTMshort+0.0364%4h0.01904+0.105%$2.1M$3.3M25x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIPPIN-USDT+0.0498%4h0.01904+0.105%$1.3Mas long as short
Bybit PIPPINUSDT+0.0677%4h0.01906+0.210%$3.6M$1.3M13xas long as short
Gate PIPPIN_USDT+0.0838%4h0.01900−0.105%$1.8M$305K20xas long as short