PIPPIN

Alert

Funding spread now, next payment 20:00 UTC+0.0140%/8h

next payment, per $10,000+$0.70paid, last 24h+0.262%paid, last 5 days+1.438%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PIPPIN-USDT	0.01909	0.0100	pay 0.0050% / 4h	3h 45m	$35K	$17K	20x
Short	BloFin PIPPIN-USDT	0.01925	0.0240	get 0.0120% / 4h	3h 45m	$261K	$22K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee BloFinbpOrdersRate

Funding earned: $29.5
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.5
Break-even: 5.7 days

Slippage unknown: HTX: no order-book sample; BloFin: live order book, 57 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.838%
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 HTX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 57 min ago	2.60 bp	10.9 bp −$11	81.7 bp −$817	doesn't fit	doesn't fit

HTX: 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
Pacifica PIPPIN	+0.0100%	1h	$18K	$8K	3x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	$3.7M	$1.2M	13x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	$1.6M	$368K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	$1K	$9.3M	20x	as long as short
HTX PIPPIN-USDTlong	+0.0100%	4h	$35K	$17K	20x
Gate PIPPIN_USDT	+0.0164%	4h	$1.7M	$191K	20x	as long as short
BloFin PIPPIN-USDTshort	+0.0240%	4h	$261K	$22K	25x
Binance PIPPINUSDT	+0.0300%	4h	$5.4M	$4.4M	25x	as long as short
MEXC PIPPIN_USDT	+0.0306%	4h	$2.7M	$696K	50x	as long as short
Aster PIPPINUSDT	+0.0460%	4h	$119K	$22K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin PIPPINUSDTM	+0.0492%	4h	$2.2M	$4.5M	25x	as long as short
BingX PIPPIN-USDT	+0.0608%	4h	—	$1.4M	—	as long as short
OKX PIPPIN-USDT-SWAP	+0.0639%	4h	$1.6M	$3.3M	20x	as long as short