data as of
Settings8H · net · $10k
Funding arb /

PIPPIN

all PIPPIN markets
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Funding spread now, next payment 20:00 UTC−0.0352%/8h
next payment, per $10,000$1.76paid, last 24h+0.029%paid, last 7 days−0.134%to open and close $10k−$79
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PIPPIN-USDT-SWAP0.019270.0652pay 0.0326% / 4h3h 41m$1.6M$3.3M20x
ShortBloFin PIPPIN-USDT0.019280.0300get 0.0150% / 4h3h 41m$261K$22K25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$73.86
Slippage, 4 orders
−$57.39
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$153.25
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 61 min ago.

Price risk

price view
Price gap now
+0.052%
Avg gap 7d
−0.028%
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 OKX live order book, 3 min ago2.59 bp17.9 bp −$18124.3 bp −$1,243doesn't fitdoesn't fit
Sell BloFin live order book, 61 min ago2.60 bp10.9 bp −$1181.7 bp −$817doesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PIPPIN+0.0100%1h$18K$8K3xas long as short
Bybit PIPPINUSDT+0.0100%4h$3.7M$1.2M13xas long as short
Bitget PIPPINUSDT+0.0100%4h$1.6M$367K10xas long as short
SunX PIPPIN-USDT+0.0100%4h$2K$9.3M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$35K$17K20xas long as short
MEXC PIPPIN_USDT+0.0294%4h$2.7M$697K50xas long as short
BloFin PIPPIN-USDTshort+0.0300%4h$261K$22K25x
Binance PIPPINUSDT+0.0320%4h$5.4M$4.4M25xas long as short
KuCoin PIPPINUSDTM+0.0450%4h$2.2M$4.4M25xas long as short
Aster PIPPINUSDT+0.0505%4h$119K$23K5xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PIPPIN_USDT+0.0574%4h$1.7M$192K20xas long as short
BingX PIPPIN-USDT+0.0619%4h$1.4Mas long as short
OKX PIPPIN-USDT-SWAPlong+0.0652%4h$1.6M$3.3M20x