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

PIPPIN

all PIPPIN markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%
Price spread now: Bybit against SunX+0.053%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1551.552% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.243%+$24 on $10k
Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.053%, 7d avg +0.035%
Together, before fees+0.299%+$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PIPPIN-USDT0.018950.0100pay 0.0050% / 4h2h 48m$1K$9.7M20x
ShortBybit PIPPINUSDT0.018960.0100get 0.0050% / 4h2h 48m$3.6M$1.3M13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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: +0.053% → +0.035%
$1.77
Slippage, 4 orders
−$136.19
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$153.42
Costs to cover
1.552%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago18.44 bp48.0 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.64 bp19.8 bp −$20123.6 bp −$1,236doesn't fitdoesn't fit

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%4h0.01892−0.135%$110K$32K5xas long as short
Binance PIPPINUSDT+0.0100%4h0.01892−0.134%$5.3M$4.6M25xas long as short
Bybit PIPPINUSDTshort+0.0100%4h0.01896+0.053%$3.6M$1.3M13x
OKX PIPPIN-USDT-SWAP+0.0100%4h0.01894−0.053%$1.6M$3.2M20xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01893−0.106%$2.5M$760K50xas long as short
Bitget PIPPINUSDT+0.0100%4h0.018950.000%$1.6M$350K10xas long as short
BingX PIPPIN-USDT+0.0100%4h0.01897+0.106%$1.3Mas long as short
SunX PIPPIN-USDTlong+0.0100%4h0.01895long leg$1K$9.7M20x
HTX PIPPIN-USDT+0.0100%4h0.01886−0.475%$34K$16K20xas long as short
Pacifica PIPPIN+0.0134%1h0.01893−0.106%$18K$9K3xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin PIPPIN-USDT+0.0139%4h0.018950.000%$251K$27K25xas long as short
KuCoin PIPPINUSDTM+0.0144%4h0.018950.000%$2.1M$3.3M25xas long as short
Gate PIPPIN_USDT+0.0370%4h0.01894−0.053%$1.8M$304K20xas long as short