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

PIPPIN

all PIPPIN markets
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Funding spread now, next payment 16:00 UTC−0.0327%/8h
paid, last 24h−0.014%paid, last 5 days+0.131%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.131% in total (about 9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PIPPINUSDT0.019020.0427pay 0.0214% / 4h10m 50s$118K$24K5x
ShortPacifica PIPPIN0.019040.0100get 0.0013% / 1h10m 50s$18K$8K3x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$68.77
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$84.77
Break-even
never at this rate
Slippage unknown: Aster: live order book, 37 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.089%
Avg gap 7d
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, 37 min ago7.74 bp14.7 bp −$15doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PIPPINshort+0.0100%1h$18K$8K3x
SunX PIPPIN-USDT+0.0100%4h$2K$9.1M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$34K$16K20xas long as short
Bitget PIPPINUSDT+0.0116%4h$1.6M$356K10xas long as short
Bybit PIPPINUSDT+0.0342%4h$3.6M$1.1M13xas long as short
Binance PIPPINUSDT+0.0382%4h$5.3M$4.2M25xas long as short
MEXC PIPPIN_USDT+0.0382%4h$2.5M$678K50xas long as short
BloFin PIPPIN-USDT+0.0419%4h$258K$22K25xas long as short
Aster PIPPINUSDTlong+0.0427%4h$118K$24K5x
BingX PIPPIN-USDT+0.0574%4h$1.4Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PIPPIN_USDT+0.0594%4h$1.7M$182K20xas long as short
OKX PIPPIN-USDT-SWAP+0.0614%4h$1.6M$3.1M20xas long as short
KuCoin PIPPINUSDTM+0.0712%4h$2.2M$4.5M25xas long as short