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

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0249%/8h= +27.2% APRnext payment +$1.24 per $10,000 · paid last 24h +0.097%
Price spread now: OKX against HTX+0.261%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 +$7 a day on $10k at the current rate, and OKX is 0.261% dearer against HTX than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PIPPIN-USDT0.019130.0100pay 0.0050% / 4h1h 11m$35K$14K20x
ShortOKX PIPPIN-USDT-SWAP0.019180.0349get 0.0174% / 4h1h 11m$1.5M$3.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$52.25
Price spread: +0.261% → 0.000%
$26.14
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
$56.39
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: HTX: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago2.61 bp20.7 bp −$21137.9 bp −$1,379doesn'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
BloFin PIPPIN-USDT+0.0081%4h0.01917+0.209%$256K$27K25xas long as short
Aster PIPPINUSDT+0.0100%4h0.01921+0.415%$112K$33K5xas long as short
Pacifica PIPPIN+0.0100%1h0.01919+0.314%$18K$6K3xas long as short
Binance PIPPINUSDT+0.0100%4h0.01919+0.314%$5.4M$5.3M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01918+0.261%$2.7M$764K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01922+0.470%$3K$10.4M20xas long as short
HTX PIPPIN-USDTlong+0.0100%4h0.01913long leg$35K$14K20x
Gate PIPPIN_USDT+0.0340%4h0.01919+0.314%$1.8M$328K20xas long as short
OKX PIPPIN-USDT-SWAPshort+0.0349%4h0.01918+0.261%$1.5M$3.5M20x
Bybit PIPPINUSDT+0.0414%4h0.01920+0.366%$3.7M$1.5M13xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIPPIN-USDT+0.0900%4h0.01923+0.523%$1.3Mas long as short
Bitget PIPPINUSDT+0.0916%4h0.01918+0.261%$1.6M$320K10xas long as short
KuCoin PIPPINUSDTM+0.1034%4h0.01919+0.314%$2.1M$6.0M25xas long as short