Funding arb · Price arb /

PIPPIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: MEXC against Pacifica+0.063%45s7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on MEXC

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 days—no 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: MEXC is 0.063% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	Pacifica PIPPIN	0.01900	0.0100	pay 0.0013% / 1h	7m 53s	$18K	$9K	3x
Short	MEXC PIPPIN_USDT	0.01901	0.0100	get 0.0050% / 4h	3h 07m	$2.5M	$714K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee PacificabpFee MEXCbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → 0.000%: $6.32
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.68
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; MEXC: live order book, 4 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	5.24 bp	16.1 bp −$16	96.8 bp −$968	227.5 bp −$22.7K	494.4 bp −$247.2K

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	+0.0046%	4h	0.01904	+0.221%	$252K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01906	+0.326%	$111K	$33K	5x	as long as short
Pacifica PIPPINlong	+0.0100%	1h	0.01900	long leg	$18K	$9K	3x
Binance PIPPINUSDT	+0.0100%	4h	0.01900	+0.011%	$5.4M	$5.0M	25x	as long as short
MEXC PIPPIN_USDTshort	+0.0100%	4h	0.01901	+0.063%	$2.5M	$714K	50x
SunX PIPPIN-USDT	+0.0100%	4h	0.01901	+0.063%	$909	$10.2M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01889	−0.568%	$34K	$14K	20x	as long as short
Gate PIPPIN_USDT	+0.0222%	4h	0.01900	+0.011%	$1.8M	$317K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0274%	4h	0.01901	+0.063%	$1.5M	$3.3M	20x	as long as short
Bybit PIPPINUSDT	+0.0508%	4h	0.01900	+0.011%	$3.6M	$1.4M	13x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0756%	4h	0.01901	+0.063%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.0782%	4h	0.01902	+0.116%	$1.6M	$305K	10x	as long as short
KuCoin PIPPINUSDTM	+0.1066%	4h	0.01901	+0.063%	$2.1M	$5.5M	25x	as long as short