PIPPIN

Alert

Funding spread now, next payment 15:00 UTC−0.0269%/8h

paid, last 24h−0.068%paid, last 5 days−0.152%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIPPINUSDT	0.01911	0.0466	pay 0.0233% / 4h	1h 01m	$1.6M	$321K	10x
Short	Pacifica PIPPIN	0.01911	0.0197	get 0.0025% / 1h	1m 18s	$18K	$7K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee PacificabpOrdersRate

Funding earned: −$56.5
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$76.5
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.010%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	2.61 bp	36.6 bp −$37	151.1 bp −$1,511	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX PIPPIN-USDT	+0.0100%	4h	$1K	$8.2M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	$34K	$16K	20x	as long as short
Pacifica PIPPINshort	+0.0197%	1h	$18K	$7K	3x
Bybit PIPPINUSDT	+0.0457%	4h	$3.7M	$974K	13x	as long as short
Bitget PIPPINUSDTlong	+0.0466%	4h	$1.6M	$321K	10x
OKX PIPPIN-USDT-SWAP	+0.0523%	4h	$1.6M	$2.9M	20x	as long as short
BloFin PIPPIN-USDT	+0.0575%	4h	$254K	$22K	25x	as long as short
BingX PIPPIN-USDT	+0.0590%	4h	—	$1.4M	—	as long as short
MEXC PIPPIN_USDT	+0.0614%	4h	$2.6M	$630K	50x	as long as short
Binance PIPPINUSDT	+0.0616%	4h	$5.3M	$3.7M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PIPPIN_USDT	+0.0676%	4h	$1.7M	$179K	20x	as long as short
Aster PIPPINUSDT	+0.0708%	4h	$112K	$14K	5x	as long as short
KuCoin PIPPINUSDTM	+0.0974%	4h	$2.2M	$4.4M	25x	as long as short