data as of
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Price arb /

PIPPIN

all PIPPIN markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$84
spread now+0.076%7d average+0.039%fees + slippage, in and out−$88spread needed0.880%
Long on AsterShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PIPPINUSDT0.019020.0427pay 0.0214% / 4h10m 10s$118K$24K5x
ShortBinance PIPPINUSDT0.019040.0382get 0.0191% / 4h10m 10s$5.3M$4.2M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

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

Profit calculator

Spread captured
$7.63
Funding while held
−$1.36
Slippage, 4 orders
−$69.99
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$81.72
Spread needed to break even
0.880%
Slippage from Aster: live order book, 37 min ago; Binance: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
−0.0045%
Per $10,000 a day
−$1.36
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 37 min ago7.74 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 14 min ago2.65 bp33.9 bp −$34143.5 bp −$1,435doesn't fitdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01889cheapestBingX0.01896+0.371%
Aster0.01902+0.696%
MEXC0.01903+0.741%
Binance0.01904+0.773%
Pacifica0.01904+0.794%OKX0.01904+0.794%Gate0.01905+0.847%KuCoin0.01905+0.847%Bitget0.01905+0.847%Bybit0.01906+0.900%SunX0.01906+0.900%BloFin0.01908+1.006%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDT−0.691%+0.0100%4h$34K$16K20xas long as short
BingX PIPPIN-USDT−0.323%+0.0574%4h—$1.4M—as long as short
Aster PIPPINUSDTlong0.000%+0.0427%4h$118K$24K5x
MEXC PIPPIN_USDT+0.045%+0.0382%4h$2.5M$678K50xas long as short
Binance PIPPINUSDTshort+0.076%+0.0382%4h$5.3M$4.2M25x
Pacifica PIPPIN+0.097%+0.0100%1h$18K$8K3xas long as short
OKX PIPPIN-USDT-SWAP+0.097%+0.0606%4h$1.6M$3.1M20xas long as short
Gate PIPPIN_USDT+0.150%+0.0596%4h$1.7M$182K20xas long as short
KuCoin PIPPINUSDTM+0.150%+0.0712%4h$2.2M$4.5M25xas long as short
Bitget PIPPINUSDT+0.150%+0.0118%4h$1.6M$356K10xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit PIPPINUSDT+0.203%+0.0342%4h$3.6M$1.1M13xas long as short
SunX PIPPIN-USDT+0.203%+0.0100%4h$3K$9.1M20xas long as short
BloFin PIPPIN-USDT+0.308%+0.0419%4h$258K$22K25xas long as short