Funding arb · Price arb /

PIPPIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Aster against Pacifica−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.079% cheaper against Pacifica than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PIPPIN	0.01911	0.0100	pay 0.0013% / 1h	56m 15s	$18K	$9K	3x
Short	Aster PIPPINUSDT	0.01909	0.0100	get 0.0050% / 4h	3h 56m	$111K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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

Position, each leg$Hold fordaysFee PacificabpFee AsterbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → 0.000%: −$7.95
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.95
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Aster: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica no order-book sample	—	—	—	—	—
Sell Aster live order book, 14 min ago	5.26 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit

Pacifica: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PIPPINUSDTshort	+0.0100%	4h	0.01909	−0.079%	$111K	$32K	5x
Pacifica PIPPINlong	+0.0100%	1h	0.01911	long leg	$18K	$9K	3x
Binance PIPPINUSDT	+0.0100%	4h	0.01911	+0.004%	$5.4M	$4.6M	25x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01914	+0.157%	$3.7M	$1.4M	13x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0100%	4h	0.01914	+0.157%	$1.6M	$3.2M	20x	as long as short
Gate PIPPIN_USDT	+0.0100%	4h	0.01911	0.000%	$1.8M	$300K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01910	−0.052%	$2.5M	$757K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01913	+0.105%	$939	$9.9M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01896	−0.785%	$34K	$16K	20x	as long as short
BloFin PIPPIN-USDT	+0.0156%	4h	0.01911	0.000%	$250K	$28K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0960%	4h	0.01902	−0.471%	—	$1.3M	—	as long as short
Bitget PIPPINUSDT	+0.1090%	4h	0.01910	−0.052%	$1.6M	$330K	10x	as long as short
KuCoin PIPPINUSDTM	+0.1172%	4h	0.01913	+0.105%	$2.1M	$4.0M	25x	as long as short