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Funding arb /

PIPPIN

all PIPPIN markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC+0.0212%/8h
next payment, per $10,000+$1.06paid, last 24h+0.061%paid, last 7 days+0.163%to open and close $10k−$80
Long on BybitShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PIPPINUSDT0.019340.0103pay 0.0052% / 4h3h 42m$3.7M$1.2M13x
ShortBloFin PIPPIN-USDT0.019310.0315get 0.0157% / 4h3h 42m$262K$22K25x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$44.42
Slippage, 4 orders
−$56.98
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.55
Break-even
12.6 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 60 min ago.

Price risk

price view
Price gap now
−0.155%
Avg gap 7d
−0.059%
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 Bybit live order book, 1 min ago2.59 bp20.9 bp −$21458.9 bp −$4,589doesn't fitdoesn't fit
Sell BloFin live order book, 60 min ago2.60 bp10.9 bp −$1181.7 bp −$817doesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PIPPIN+0.0100%1h$18K$8K3xas long as short
Bitget PIPPINUSDT+0.0100%4h$1.6M$367K10xas long as short
SunX PIPPIN-USDT+0.0100%4h$1K$9.3M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$35K$17K20xas long as short
Bybit PIPPINUSDTlong+0.0103%4h$3.7M$1.2M13x
MEXC PIPPIN_USDT+0.0290%4h$2.7M$697K50xas long as short
Binance PIPPINUSDT+0.0295%4h$5.4M$4.4M25xas long as short
BloFin PIPPIN-USDTshort+0.0315%4h$262K$22K25x
KuCoin PIPPINUSDTM+0.0460%4h$2.2M$4.5M25xas long as short
Aster PIPPINUSDT+0.0484%4h$119K$23K5xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX PIPPIN-USDT+0.0608%4h—$1.4M—as long as short
Gate PIPPIN_USDT+0.0630%4h$1.7M$191K20xas long as short
OKX PIPPIN-USDT-SWAP+0.0660%4h$1.6M$3.3M20xas long as short