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

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.001%
Price spread now: OKX against Pacifica+0.157%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 +$1 a day on $10k at the current rate, and OKX is 0.157% dearer against Pacifica than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PIPPIN0.019070.0100pay 0.0013% / 1h53m 12s$18K$9K3x
ShortOKX PIPPIN-USDT-SWAP0.019100.0144get 0.0072% / 4h53m 12s$1.6M$3.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$9.23
Price spread: +0.157% → 0.000%
$15.73
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$6.96
Costs to cover
0.180%
Break-even
1.7 days
Slippage unknown: Pacifica: no order-book sample; OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell OKX live order book, 4 min ago2.62 bp21.2 bp −$21125.9 bp −$1,259doesn'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%4h0.01904−0.164%$111K$34K5xas long as short
Pacifica PIPPINlong+0.0100%1h0.01907long leg$18K$9K3x
SunX PIPPIN-USDT+0.0100%4h0.01911+0.210%$2K$9.8M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01886−1.101%$34K$16K20xas long as short
BloFin PIPPIN-USDT+0.0112%4h0.01910+0.157%$250K$28K25xas long as short
MEXC PIPPIN_USDT+0.0124%4h0.01909+0.105%$2.5M$753K50xas long as short
OKX PIPPIN-USDT-SWAPshort+0.0144%4h0.01910+0.157%$1.6M$3.2M20x
Binance PIPPINUSDT+0.0150%4h0.01908+0.059%$5.4M$4.6M25xas long as short
Bitget PIPPINUSDT+0.0336%4h0.01902−0.262%$1.6M$333K10xas long as short
BingX PIPPIN-USDT+0.0560%4h0.01905−0.105%$1.3Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PIPPIN_USDT+0.0600%4h0.01908+0.052%$1.8M$302K20xas long as short
Bybit PIPPINUSDT+0.0690%4h0.01908+0.052%$3.7M$1.4M13xas long as short
KuCoin PIPPINUSDTM+0.0720%4h0.01910+0.157%$2.1M$3.6M25xas long as short