PIPPIN

Alert

Funding spread now, next payment 16:00 UTC+0.0235%/8h

paid, last 24h−0.067%paid, last 5 days−0.174%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PIPPIN	0.01902	0.0100	pay 0.0013% / 1h	9m 29s	$18K	$8K	3x
Short	Bybit PIPPINUSDT	0.01906	0.0335	get 0.0167% / 4h	9m 29s	$3.6M	$1.1M	13x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee BybitbpOrdersRate

Funding earned: $49.3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $30.3
Break-even: 2.7 days

Slippage unknown: Pacifica: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.205%
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 Bybit live order book, 4 min ago	2.63 bp	26.5 bp −$26	185.3 bp −$1,853	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	$18K	$8K	3x
SunX PIPPIN-USDT	+0.0100%	4h	$3K	$9.1M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	$34K	$16K	20x	as long as short
Bitget PIPPINUSDT	+0.0112%	4h	$1.6M	$357K	10x	as long as short
Bybit PIPPINUSDTshort	+0.0335%	4h	$3.6M	$1.1M	13x
Binance PIPPINUSDT	+0.0379%	4h	$5.3M	$4.2M	25x	as long as short
MEXC PIPPIN_USDT	+0.0382%	4h	$2.5M	$679K	50x	as long as short
BloFin PIPPIN-USDT	+0.0419%	4h	$258K	$22K	25x	as long as short
Aster PIPPINUSDT	+0.0427%	4h	$118K	$24K	5x	as long as short
BingX PIPPIN-USDT	+0.0574%	4h	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PIPPIN_USDT	+0.0586%	4h	$1.7M	$182K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0599%	4h	$1.6M	$3.1M	20x	as long as short
KuCoin PIPPINUSDTM	+0.0702%	4h	$2.2M	$4.5M	25x	as long as short