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

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.90 per $10,000 · paid last 24h −0.024%
Price spread now: OKX against Aster−0.065%7-day average +0.119% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$720.716% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.166%+$17 on $10k
Price spread, last 4 days (all we have)+0.529%+$53 · spread now −0.065%, 7d avg +0.119%
Together, before fees+0.695%+ Points / potential airdropAster: Stage 5 · farm board+$69 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.184% cheaper against Aster than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.119%). If the spread goes back, that is −$18 on $10k: about 3.4 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PIPPINUSDT0.019080.0100pay 0.0050% / 4h3h 21m$111K$33K5x
ShortOKX PIPPIN-USDT-SWAP0.019070.0281get 0.0140% / 4h3h 21m$1.5M$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Aster. 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
$37.92
Price spread: −0.065% → +0.119%
−$18.44
Slippage, 4 orders
−$53.59
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$52.11
Costs to cover
0.716%
Break-even
16.6 days
Slippage from Aster: live order book, 29 min ago; OKX: live order book, 1 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 Aster live order book, 29 min ago5.25 bp13.5 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago2.63 bp22.0 bp −$22156.2 bp −$1,562doesn'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
BloFin PIPPIN-USDT+0.0069%4h0.01907−0.065%$253K$27K25xas long as short
Aster PIPPINUSDTlong+0.0100%4h0.01908long leg$111K$33K5x
Pacifica PIPPIN+0.0100%1h0.01907−0.076%$18K$9K3xas long as short
Binance PIPPINUSDT+0.0100%4h0.01907−0.065%$5.4M$4.9M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01905−0.170%$2.5M$711K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01905−0.170%$1K$10.2M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01890−0.956%$34K$14K20xas long as short
OKX PIPPIN-USDT-SWAPshort+0.0281%4h0.01907−0.065%$1.5M$3.3M20x
Bybit PIPPINUSDT+0.0463%4h0.01908−0.013%$3.7M$1.4M13xas long as short
Gate PIPPIN_USDT+0.0464%4h0.01905−0.170%$1.8M$315K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIPPIN-USDT+0.0686%4h0.01907−0.065%$1.3Mas long as short
Bitget PIPPINUSDT+0.0740%4h0.01908−0.013%$1.6M$305K10xas long as short
KuCoin PIPPINUSDTM+0.1038%4h0.01906−0.118%$2.1M$5.4M25xas long as short