data as of
Settings8H · net · $10k
Funding arb /

PIPPIN

all PIPPIN markets
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Funding spread now, next payment 20:00 UTC+0.0530%/8h
next payment, per $10,000+$2.65paid, last 24h−0.074%paid, last 5 days−0.057%to open and close $10k−$81
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.057% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PIPPINUSDT0.019050.0100pay 0.0050% / 4h1h 40m$111K$32K5x
ShortBybit PIPPINUSDT0.019070.0630get 0.0315% / 4h1h 40m$3.7M$1.3M13x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$111.35
Slippage, 4 orders
−$62.45
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$29.9
Break-even
5.1 days
Slippage from Aster: live order book, 57 min ago; Bybit: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.091%
Avg gap 7d
+0.162%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 57 min ago2.62 bp14.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.62 bp21.5 bp −$21243.7 bp −$2,437doesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PIPPIN+0.0079%1h$18K$9K3xas long as short
Aster PIPPINUSDTlong+0.0100%4h$111K$32K5x
Binance PIPPINUSDT+0.0100%4h$5.4M$4.5M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h$2.6M$715K50xas long as short
KuCoin PIPPINUSDTM+0.0100%4h$2.2M$4.0M25xas long as short
Bitget PIPPINUSDT+0.0100%4h$1.6M$349K10xas long as short
SunX PIPPIN-USDT+0.0100%4h$1K$9.5M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$34K$17K20xas long as short
BloFin PIPPIN-USDT+0.0118%4h$256K$23K25xas long as short
OKX PIPPIN-USDT-SWAP+0.0438%4h$1.6M$3.3M20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX PIPPIN-USDT+0.0598%4h$1.3Mas long as short
Gate PIPPIN_USDT+0.0612%4h$1.8M$267K20xas long as short
Bybit PIPPINUSDTshort+0.0630%4h$3.7M$1.3M13x