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−$89
spread now−0.033%7d average−0.094%fees + slippage, in and out−$95spread needed0.952%
Long on BingXShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PIPPIN-USDT0.019050.0576pay 0.0288% / 4h1h 34m—$1.3M—
ShortBinance PIPPINUSDT0.019040.0100get 0.0050% / 4h1h 34m$5.4M$4.5M25x

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
−$3.35
Funding while held
−$14.28
Slippage, 4 orders
−$75.21
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$112.84
Spread needed to break even
0.952%
Slippage from BingX: live order book, 2 min ago; Binance: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0476%
Per $10,000 a day
−$14.28
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 BingX live order book, 2 min ago7.87 bp23.4 bp −$23163.3 bp −$1,633732.7 bp −$73.3Kdoesn't fit
Sell Binance live order book, 5 min ago2.63 bp21.1 bp −$21168.0 bp −$1,680doesn't fitdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01894cheapestMEXC0.01903+0.475%OKX0.01904+0.528%
Binance0.01904+0.547%
KuCoin0.01905+0.581%Bitget0.01905+0.581%
BingX0.01905+0.581%
Pacifica0.01905+0.607%Aster0.01906+0.634%Bybit0.01906+0.634%Gate0.01906+0.634%SunX0.01906+0.634%BloFin0.01906+0.634%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDT−0.577%+0.0100%4h$34K$17K20xas long as short
MEXC PIPPIN_USDT−0.105%+0.0100%4h$2.6M$716K50xas long as short
OKX PIPPIN-USDT-SWAP−0.052%+0.0393%4h$1.6M$3.3M20xas long as short
Binance PIPPINUSDTshort−0.033%+0.0100%4h$5.4M$4.5M25x
KuCoin PIPPINUSDTM0.000%+0.0100%4h$2.2M$4.0M25xas long as short
Bitget PIPPINUSDT0.000%+0.0100%4h$1.6M$355K10xas long as short
BingX PIPPIN-USDTlong0.000%+0.0576%4h—$1.3M—
Pacifica PIPPIN+0.026%+0.0079%1h$18K$9K3xas long as short
Aster PIPPINUSDT+0.052%+0.0100%4h$111K$33K5xas long as short
Bybit PIPPINUSDT+0.052%+0.0552%4h$3.7M$1.3M13xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate PIPPIN_USDT+0.052%+0.0596%4h$1.8M$268K20xas long as short
SunX PIPPIN-USDT+0.052%+0.0100%4h$2K$9.6M20xas long as short
BloFin PIPPIN-USDT+0.052%+0.0136%4h$257K$23K25xas long as short