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

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0784%/8h= +85.8% APRnext payment +$3.92 per $10,000 · paid last 24h +0.354%
Price spread now: KuCoin against HTX+0.423%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 +$24 a day on $10k at the current rate, and KuCoin is 0.423% dearer against HTX than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PIPPIN-USDT0.018930.0100pay 0.0050% / 4h14m 37s$34K$16K20x
ShortKuCoin PIPPINUSDTM0.019010.0884get 0.0442% / 4h14m 37s$2.1M$3.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$164.64
Price spread: +0.423% → 0.000%
$42.26
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$182.9
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago5.26 bp44.4 bp −$44doesn'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%4h0.01898+0.284%$110K$34K5xas long as short
Pacifica PIPPIN+0.0100%1h0.01900+0.380%$18K$9K3xas long as short
Binance PIPPINUSDT+0.0100%4h0.01900+0.370%$5.3M$4.6M25xas long as short
OKX PIPPIN-USDT-SWAP+0.0100%4h0.01900+0.370%$1.6M$3.2M20xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01899+0.317%$2.4M$765K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01901+0.423%$2K$9.9M20xas long as short
HTX PIPPIN-USDTlong+0.0100%4h0.01893long leg$34K$16K20x
BloFin PIPPIN-USDT+0.0115%4h0.01899+0.317%$250K$28K25xas long as short
Gate PIPPIN_USDT+0.0354%4h0.01899+0.317%$1.8M$305K20xas long as short
Bybit PIPPINUSDT+0.0420%4h0.01901+0.423%$3.7M$1.4M13xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIPPIN-USDT+0.0680%4h0.01900+0.370%$1.3Mas long as short
Bitget PIPPINUSDT+0.0738%4h0.01901+0.423%$1.6M$332K10xas long as short
KuCoin PIPPINUSDTMshort+0.0884%4h0.01901+0.423%$2.1M$3.9M25x