data as of
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Price arb /

PIPPIN

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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−$117
spread now−0.209%7d average+0.126%fees + slippage, in and out−$84spread needed0.838%
Long on AsterShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PIPPINUSDT0.019120.0294pay 0.0147% / 4h3h 21m$113K$28K5x
ShortBingX PIPPIN-USDT0.019080.0544get 0.0272% / 4h3h 21m—$1.4M—

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
−$20.92
Funding while held
$7.49
Slippage, 4 orders
−$65.78
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$97.21
Spread needed to break even
0.838%
Slippage from Aster: live order book, 21 min ago; BingX: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0250%
Per $10,000 a day
+$7.49
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, 21 min ago5.18 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 1 min ago2.61 bp39.4 bp −$39140.8 bp −$1,408521.0 bp −$52.1Kdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
OKX0.01904cheapestHTX0.01904cheapestBinance0.01905+0.048%MEXC0.01905+0.053%Gate0.01907+0.158%SunX0.01907+0.158%BloFin0.01907+0.158%Bybit0.01908+0.210%KuCoin0.01908+0.210%
BingX0.01908+0.210%
Pacifica0.01909+0.252%Bitget0.01909+0.263%
Aster0.01912+0.420%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX PIPPIN-USDT-SWAP−0.418%+0.0564%4h$1.6M$3.3M20xas long as short
HTX PIPPIN-USDT−0.418%+0.0100%4h$34K$17K20xas long as short
Binance PIPPINUSDT−0.370%+0.0127%4h$5.4M$4.4M25xas long as short
MEXC PIPPIN_USDT−0.366%+0.0126%4h$2.7M$719K50xas long as short
Gate PIPPIN_USDT−0.262%+0.0100%4h$1.7M$194K20xas long as short
SunX PIPPIN-USDT−0.262%+0.0100%4h$2K$9.4M20xas long as short
BloFin PIPPIN-USDT−0.262%+0.0166%4h$259K$21K25xas long as short
Bybit PIPPINUSDT−0.209%+0.0100%4h$3.7M$1.2M13xas long as short
KuCoin PIPPINUSDTM−0.209%+0.0262%4h$2.2M$4.4M25xas long as short
BingX PIPPIN-USDTshort−0.209%+0.0544%4h—$1.4M—
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica PIPPIN−0.167%+0.0100%1h$18K$8K3xas long as short
Bitget PIPPINUSDT−0.157%+0.0100%4h$1.6M$373K10xas long as short
Aster PIPPINUSDTlong0.000%+0.0294%4h$113K$28K5x