Settings8H · net · $10k
Funding arb · Price arb /

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.079%
Price spread now: Gate against HTX+0.053%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.053% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PIPPIN-USDT0.018970.0100pay 0.0050% / 4h3h 38m$34K$14K20x
ShortGate PIPPIN_USDT0.018980.0122get 0.0061% / 4h3h 38m$1.8M$320K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$4.62
Price spread: +0.053% → 0.000%
$5.27
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$17.11
Costs to cover
0.270%
Break-even
32.9 days
Slippage unknown: HTX: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Gate live order book, 4 min ago5.26 bp663.1 bp −$663doesn't fitdoesn't fitdoesn'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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PIPPINUSDT+0.0100%4h0.01899+0.122%$111K$35K5xas long as short
Pacifica PIPPIN+0.0100%1h0.01900+0.148%$18K$5K3xas long as short
Binance PIPPINUSDT+0.0100%4h0.01901+0.198%$5.4M$5.3M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01900+0.158%$2.7M$784K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01903+0.316%$1K$10.4M20xas long as short
HTX PIPPIN-USDTlong+0.0100%4h0.01897long leg$34K$14K20x
OKX PIPPIN-USDT-SWAP+0.0115%4h0.01901+0.211%$1.5M$3.5M20xas long as short
Bybit PIPPINUSDT+0.0117%4h0.01900+0.158%$3.6M$1.5M13xas long as short
Gate PIPPIN_USDTshort+0.0122%4h0.01898+0.053%$1.8M$320K20x
BloFin PIPPIN-USDT+0.0155%4h0.01902+0.264%$254K$32K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget PIPPINUSDT+0.0164%4h0.01902+0.264%$1.6M$333K10xas long as short
KuCoin PIPPINUSDTM+0.0406%4h0.01899+0.105%$2.1M$6.5M25xas long as short
BingX PIPPIN-USDT+0.0434%4h0.01908+0.580%$1.4Mas long as short