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

PIPPIN

all PIPPIN markets
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Funding spread now, next payment 16:00 UTC−0.0478%/8h
next payment, per $10,000$2.39paid, last 24h+0.065%paid, last 7 days+0.311%to open and close $10k−$751
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.311% in total (about 16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.39 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
LongGate PIPPIN_USDT0.019060.0594pay 0.0297% / 4h11m 10s$1.7M$182K20x
ShortBitget PIPPINUSDT0.019070.0116get 0.0058% / 4h11m 10s$1.6M$356K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$100.38
Slippage, 4 orders
−$724.08
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$851.46
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.052%
Avg gap 7d
+0.033%
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 Gate live order book, 3 min ago2.63 bp212.5 bp −$213doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago5.24 bp23.2 bp −$23149.1 bp −$1,491doesn'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
SunX PIPPIN-USDT+0.0100%4h$2K$9.1M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$34K$16K20xas long as short
Bitget PIPPINUSDTshort+0.0116%4h$1.6M$356K10x
Bybit PIPPINUSDT+0.0348%4h$3.6M$1.1M13xas long as short
MEXC PIPPIN_USDT+0.0380%4h$2.5M$678K50xas long as short
Binance PIPPINUSDT+0.0382%4h$5.3M$4.2M25xas long as short
BloFin PIPPIN-USDT+0.0419%4h$258K$22K25xas long as short
Aster PIPPINUSDT+0.0421%4h$118K$24K5xas long as short
BingX PIPPIN-USDT+0.0574%4h$1.4Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PIPPIN_USDTlong+0.0594%4h$1.7M$182K20x
OKX PIPPIN-USDT-SWAP+0.0614%4h$1.6M$3.1M20xas long as short
KuCoin PIPPINUSDTM+0.0718%4h$2.2M$4.5M25xas long as short