Funding arb · Price arb /

PIPPIN

all PIPPIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0034%/8h= +3.8% APRpaid last 24h +0.053%

Price spread now: Pacifica against SunX−0.106%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Pacifica

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.106% cheaper against SunX than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 10 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PIPPIN-USDT	0.01894	0.0100	pay 0.0050% / 4h	2h 50m	$2K	$9.7M	20x
Short	Pacifica PIPPIN	0.01892	0.0134	get 0.0017% / 1h	50m 39s	$18K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee SunXbpFee PacificabpOrdersPrice spread, now −0.106%Rate

Funding earned: $7.24
Price spread: −0.106% → 0.000%: −$10.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$19.32
Costs to cover: 0.160%
Break-even: 25.7 days

Slippage unknown: SunX: live order book, 8 min ago; Pacifica: no order-book sample. 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 SunX live order book, 8 min ago	18.44 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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	+0.0088%	4h	0.01894	0.000%	$251K	$27K	25x	as long as short
Aster PIPPINUSDT	+0.0100%	4h	0.01892	−0.114%	$110K	$32K	5x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01893	−0.060%	$5.3M	$4.6M	25x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01894	0.000%	$3.6M	$1.3M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01894	0.000%	$1.6M	$3.2M	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01892	−0.106%	$2.5M	$760K	50x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01895	+0.053%	$1.6M	$350K	10x	as long as short
SunX PIPPIN-USDTlong	+0.0100%	4h	0.01894	long leg	$2K	$9.7M	20x
HTX PIPPIN-USDT	+0.0100%	4h	0.01886	−0.422%	$34K	$16K	20x	as long as short
BingX PIPPIN-USDT	+0.0116%	4h	0.01898	+0.211%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PIPPINshort	+0.0134%	1h	0.01892	−0.106%	$18K	$9K	3x
KuCoin PIPPINUSDTM	+0.0148%	4h	0.01894	0.000%	$2.1M	$3.3M	25x	as long as short
Gate PIPPIN_USDT	+0.0390%	4h	0.01891	−0.158%	$1.8M	$304K	20x	as long as short