Funding arb · Price arb /

PIPPIN

all PIPPIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%

Price spread now: Pacifica against Binance−0.086%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.086% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIPPINUSDT	0.01920	0.0100	pay 0.0050% / 4h	2h 52m	$5.5M	$5.0M	25x
Short	Pacifica PIPPIN	0.01918	0.0100	get 0.0013% / 1h	52m 31s	$18K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → 0.000%: −$8.57
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$26.57
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Pacifica: no order-book sample. Net counts fees only.

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 Binance live order book, 15 min ago	2.63 bp	21.2 bp −$21	317.6 bp −$3,176	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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: 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 PIPPINUSDT	+0.0100%	4h	0.01915	−0.228%	$111K	$33K	5x	as long as short
Pacifica PIPPINshort	+0.0100%	1h	0.01918	−0.086%	$18K	$9K	3x
Binance PIPPINUSDTlong	+0.0100%	4h	0.01920	long leg	$5.5M	$5.0M	25x
MEXC PIPPIN_USDT	+0.0100%	4h	0.01918	−0.086%	$2.5M	$706K	50x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01914	−0.294%	$1K	$10.3M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01891	−1.492%	$34K	$14K	20x	as long as short
BloFin PIPPIN-USDT	+0.0128%	4h	0.01917	−0.138%	$255K	$27K	25x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0276%	4h	0.01922	+0.123%	$1.5M	$3.4M	20x	as long as short
Gate PIPPIN_USDT	+0.0332%	4h	0.01918	−0.086%	$1.8M	$317K	20x	as long as short
Bitget PIPPINUSDT	+0.0772%	4h	0.01920	+0.018%	$1.6M	$312K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0844%	4h	0.01918	−0.086%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0866%	4h	0.01921	+0.071%	$3.7M	$1.4M	13x	as long as short
KuCoin PIPPINUSDTM	+0.1076%	4h	0.01914	−0.294%	$2.1M	$5.6M	25x	as long as short