data as of
Settings8H · net · $10k
Price arb /

PIPPIN

all PIPPIN markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)−0.797%
7d averageif it closes, per $10,000$80funding while held, a day−$7.94
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PIPPINUSDT0.019040.0365pay 0.0182% / 4h1m 16s$5.3M$4.2M25x
ShortHTX PIPPIN-USDT0.018890.0100get 0.0050% / 4h1m 16s$34K$16K20x

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
−$79.65
Funding while held
−$7.94
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$109.59
Spread needed to break even
0.220%
Slippage unknown: Binance: live order book, 8 min ago; HTX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0265%
Per $10,000 a day
$7.94
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 Binance live order book, 8 min ago2.63 bp22.5 bp −$23281.3 bp −$2,813doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: 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 price on every exchange

against the cheapest. Click to use as the short leg.

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDTshort−0.797%+0.0100%4h$34K$16K20x
BingX PIPPIN-USDT−0.429%+0.0552%4h$1.4Mas long as short
BloFin PIPPIN-USDT−0.166%+0.0340%4h$257K$22K25xas long as short
Aster PIPPINUSDT−0.075%+0.0464%4h$118K$24K5xas long as short
Pacifica PIPPIN−0.072%+0.0100%1h$18K$8K3xas long as short
MEXC PIPPIN_USDT−0.061%+0.0372%4h$2.5M$681K50xas long as short
Gate PIPPIN_USDT−0.009%+0.0550%4h$1.7M$184K20xas long as short
Binance PIPPINUSDTlong0.000%+0.0365%4h$5.3M$4.2M25x
OKX PIPPIN-USDT-SWAP+0.044%+0.0563%4h$1.6M$3.1M20xas long as short
Bybit PIPPINUSDT+0.096%+0.0268%4h$3.6M$1.1M13xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin PIPPINUSDTM+0.096%+0.0642%4h$2.2M$4.5M25xas long as short
Bitget PIPPINUSDT+0.096%+0.0100%4h$1.6M$358K10xas long as short
SunX PIPPIN-USDT+0.201%+0.0100%4h$2K$9.1M20xas long as short