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Funding arb /

PIPPIN

all PIPPIN markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC+0.0230%/8h
next payment, per $10,000+$1.15paid, last 24h−0.069%paid, last 7 days−0.176%to open and close $10k−$75
Long on MEXCShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PIPPIN_USDT0.019010.0100pay 0.0050% / 4h2h 12m$2.7M$687K50x
ShortBybit PIPPINUSDT0.019040.0330get 0.0165% / 4h2h 12m$3.7M$1.2M13x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$48.21
Slippage, 4 orders
−$64.18
Fee MEXC: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$26.96
Break-even
10.9 days
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.158%
Avg gap 7d
+0.158%
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 MEXC live order book, 1 min ago2.63 bp11.5 bp −$11123.3 bp −$1,233221.2 bp −$22.1K432.7 bp −$216.3K
Sell Bybit live order book, 1 min ago5.25 bp19.7 bp −$20207.1 bp −$2,071doesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster PIPPINUSDT+0.0100%4h$111K$32K5xas long as short
Pacifica PIPPIN+0.0100%1h$18K$8K3xas long as short
Binance PIPPINUSDT+0.0100%4h$5.4M$4.4M25xas long as short
MEXC PIPPIN_USDTlong+0.0100%4h$2.7M$687K50x
KuCoin PIPPINUSDTM+0.0100%4h$2.2M$4.1M25xas long as short
Bitget PIPPINUSDT+0.0100%4h$1.6M$345K10xas long as short
SunX PIPPIN-USDT+0.0100%4h$894$9.4M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$34K$17K20xas long as short
BloFin PIPPIN-USDT+0.0128%4h$257K$21K25xas long as short
Gate PIPPIN_USDT+0.0284%4h$1.7M$241K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit PIPPINUSDTshort+0.0330%4h$3.7M$1.2M13x
OKX PIPPIN-USDT-SWAP+0.0382%4h$1.6M$3.2M20xas long as short
BingX PIPPIN-USDT+0.0384%4h—$1.3M—as long as short