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

PIPPIN

all PIPPIN markets
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Funding spread now, next payment 20:00 UTC−0.0527%/8h
next payment, per $10,000$2.64paid, last 24h+0.041%paid, last 7 days−0.276%to open and close $10k−$490
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.276% in total (about -14.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.64 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-SWAP0.019280.0627pay 0.0314% / 4h3h 51m$1.6M$3.3M20x
ShortGate PIPPIN_USDT0.019250.0100get 0.0050% / 4h3h 51m$1.7M$189K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$110.7
Slippage, 4 orders
−$464.99
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$600.69
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.156%
Avg gap 7d
−0.075%
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, 2 min ago5.17 bp20.7 bp −$21116.9 bp −$1,169doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago5.20 bp325.5 bp −$326doesn't fitdoesn't fitdoesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PIPPIN+0.0100%1h$19K$8K3xas long as short
Bybit PIPPINUSDT+0.0100%4h$3.7M$1.2M13xas long as short
Gate PIPPIN_USDTshort+0.0100%4h$1.7M$189K20x
Bitget PIPPINUSDT+0.0100%4h$1.6M$369K10xas long as short
SunX PIPPIN-USDT+0.0100%4h$683$9.3M20xas long as short
HTX PIPPIN-USDT+0.0100%4h$35K$16K20xas long as short
Binance PIPPINUSDT+0.0329%4h$5.4M$4.4M25xas long as short
BloFin PIPPIN-USDT+0.0341%4h$256K$22K25xas long as short
MEXC PIPPIN_USDT+0.0342%4h$2.7M$694K50xas long as short
Aster PIPPINUSDT+0.0494%4h$119K$22K5xas long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin PIPPINUSDTM+0.0568%4h$2.2M$4.5M25xas long as short
BingX PIPPIN-USDT+0.0624%4h$1.4Mas long as short
OKX PIPPIN-USDT-SWAPlong+0.0627%4h$1.6M$3.3M20x