Funding arb · Price arb /

PIPPIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against Aster+0.133%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$780.782% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.169%+$17 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.133%, 7d avg +0.112%

Together, before fees+0.302%+ Points / potential airdropAster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.022% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PIPPINUSDT	0.01891	0.0100	pay 0.0050% / 4h	3h 27m	$110K	$35K	5x
Short	OKX PIPPIN-USDT-SWAP	0.01894	0.0100	get 0.0050% / 4h	3h 27m	$1.5M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee OKXbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.112%: $2.15
Slippage, 4 orders: −$60.18
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$76.03
Costs to cover: 0.782%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; OKX: live order book, just now.

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 Aster live order book, 4 min ago	5.29 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, just now	2.64 bp	21.6 bp −$22	141.5 bp −$1,415	doesn't fit	doesn't fit

PIPPIN on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PIPPINUSDTlong	+0.0100%	4h	0.01891	long leg	$110K	$35K	5x
Pacifica PIPPIN	+0.0100%	1h	0.01892	+0.027%	$18K	$5K	3x	as long as short
Binance PIPPINUSDT	+0.0100%	4h	0.01895	+0.211%	$5.4M	$5.3M	25x	as long as short
Bybit PIPPINUSDT	+0.0100%	4h	0.01894	+0.133%	$3.6M	$1.5M	13x	as long as short
OKX PIPPIN-USDT-SWAPshort	+0.0100%	4h	0.01894	+0.133%	$1.5M	$3.5M	20x
Gate PIPPIN_USDT	+0.0100%	4h	0.01890	−0.078%	$1.8M	$320K	20x	as long as short
MEXC PIPPIN_USDT	+0.0100%	4h	0.01895	+0.186%	$2.7M	$786K	50x	as long as short
Bitget PIPPINUSDT	+0.0100%	4h	0.01894	+0.133%	$1.6M	$336K	10x	as long as short
BingX PIPPIN-USDT	+0.0100%	4h	0.01898	+0.345%	—	$1.4M	—	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01897	+0.292%	$2K	$10.5M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PIPPIN-USDT	+0.0100%	4h	0.01888	−0.184%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0149%	4h	0.01896	+0.239%	$256K	$32K	25x	as long as short
KuCoin PIPPINUSDTM	+0.0314%	4h	0.01892	+0.027%	$2.1M	$6.5M	25x	as long as short