PIPPIN

Alert

Funding spread now, next payment 19:00 UTC+0.0021%/8h

paid, last 24h+0.168%paid, last 5 days+0.509%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PIPPIN	0.01905	0.0079	pay 0.0010% / 1h	20m 04s	$18K	$9K	3x
Short	KuCoin PIPPINUSDTM	0.01905	0.0100	get 0.0050% / 4h	1h 20m	$2.2M	$3.9M	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee KuCoinbpOrdersRate

Funding earned: $4.5
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.5
Break-even: 31.1 days

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

Price risk

price view

Price gap now: 0.000%
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 KuCoin live order book, 4 min ago	2.63 bp	28.9 bp −$29	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin PIPPIN-USDT	+0.0075%	4h	$258K	$23K	25x	as long as short
Pacifica PIPPINlong	+0.0079%	1h	$18K	$9K	3x
Aster PIPPINUSDT	+0.0100%	4h	$111K	$33K	5x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	$5.4M	$4.5M	25x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	$2.6M	$740K	50x	as long as short
KuCoin PIPPINUSDTMshort	+0.0100%	4h	$2.2M	$3.9M	25x
Bitget PIPPINUSDT	+0.0100%	4h	$1.6M	$353K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	$1K	$9.6M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	$34K	$17K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0312%	4h	$1.6M	$3.3M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PIPPINUSDT	+0.0370%	4h	$3.7M	$1.3M	13x	as long as short
BingX PIPPIN-USDT	+0.0376%	4h	—	$1.3M	—	as long as short
Gate PIPPIN_USDT	+0.0484%	4h	$1.8M	$269K	20x	as long as short