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

PIPPIN

all PIPPIN markets
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Funding spread now, next payment 20:00 UTC+0.0279%/8h
next payment, per $10,000+$1.39paid, last 24h−0.071%paid, last 7 days−0.186%to open and close $10k−$88
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.39 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
LongBinance PIPPINUSDT0.019050.0100pay 0.0050% / 4h2h 21m$5.4M$4.4M25x
ShortBybit PIPPINUSDT0.019080.0379get 0.0189% / 4h2h 21m$3.7M$1.2M13x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$58.51
Slippage, 4 orders
−$67.14
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$29.63
Break-even
10.5 days
Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.167%
Avg gap 7d
+0.145%
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 Binance live order book, 3 min ago2.63 bp23.5 bp −$23230.6 bp −$2,306doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago2.62 bp22.2 bp −$22148.5 bp −$1,485doesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster PIPPINUSDT+0.0100%4h$111K$32K5xas long as short
Pacifica PIPPIN+0.0100%1h$18K$8K3xas long as short
Binance PIPPINUSDTlong+0.0100%4h$5.4M$4.4M25x
MEXC PIPPIN_USDT+0.0100%4h$2.7M$683K50xas long as short
KuCoin PIPPINUSDTM+0.0100%4h$2.2M$4.1M25xas long as short
Bitget PIPPINUSDT+0.0100%4h$1.6M$345K10xas long as short
SunX PIPPIN-USDT+0.0100%4h$1K$9.4M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$34K$17K20xas long as short
BloFin PIPPIN-USDT+0.0119%4h$258K$21K25xas long as short
Gate PIPPIN_USDT+0.0318%4h$1.7M$238K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit PIPPINUSDTshort+0.0379%4h$3.7M$1.2M13x
OKX PIPPIN-USDT-SWAP+0.0381%4h$1.6M$3.2M20xas long as short
BingX PIPPIN-USDT+0.0390%4h$1.3Mas long as short