PIPPIN

Alert

Funding spread now, next payment 16:00 UTC+0.0532%/8h

paid, last 24h+0.017%paid, last 5 days+0.015%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.015% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PIPPIN	0.01935	0.0100	pay 0.0013% / 1h	55m 12s	$19K	$7K	3x
Short	Binance PIPPINUSDT	0.01933	0.0632	get 0.0316% / 4h	55m 12s	$5.4M	$3.9M	25x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee BinancebpOrdersRate

Funding earned: $111.64
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $93.64
Break-even: 1.1 days

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

Price risk

price view

Price gap now: −0.103%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	2.62 bp	17.0 bp −$17	130.2 bp −$1,302	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica PIPPINlong	+0.0100%	1h	$19K	$7K	3x
SunX PIPPIN-USDT	+0.0100%	4h	$2K	$8.4M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	$35K	$16K	20x	as long as short
Bitget PIPPINUSDT	+0.0476%	4h	$1.6M	$326K	10x	as long as short
Bybit PIPPINUSDT	+0.0490%	4h	$3.7M	$1.0M	13x	as long as short
BingX PIPPIN-USDT	+0.0560%	4h	—	$1.4M	—	as long as short
OKX PIPPIN-USDT-SWAP	+0.0590%	4h	$1.6M	$3.0M	20x	as long as short
BloFin PIPPIN-USDT	+0.0596%	4h	$255K	$22K	25x	as long as short
MEXC PIPPIN_USDT	+0.0600%	4h	$2.6M	$643K	50x	as long as short
Binance PIPPINUSDTshort	+0.0632%	4h	$5.4M	$3.9M	25x

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PIPPIN_USDT	+0.0706%	4h	$1.7M	$160K	20x	as long as short
Aster PIPPINUSDT	+0.0728%	4h	$112K	$14K	5x	as long as short
KuCoin PIPPINUSDTM	+0.0996%	4h	$2.2M	$4.4M	25x	as long as short