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−$87
spread now+0.240%7d average−0.055%fees + slippage, in and out−$116spread needed1.160%
Long on BitgetShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PIPPINUSDT0.018780.0266pay 0.0133% / 4h1h 50m$1.5M$305K10x
ShortBinance PIPPINUSDT0.018830.0550get 0.0275% / 4h1h 50m$5.2M$3.6M25x

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
$23.96
Funding while held
$8.51
Slippage, 4 orders
−$94.01
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$83.55
Spread needed to break even
1.160%
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0284%
Per $10,000 a day
+$8.51
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 Bitget live order book, 3 min ago5.34 bp37.0 bp −$37161.9 bp −$1,619doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago2.66 bp17.9 bp −$18114.8 bp −$1,148doesn't fitdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01859cheapestGate0.01877+0.968%Aster0.01878+1.022%
Bitget0.01878+1.022%
BloFin0.01878+1.022%KuCoin0.01879+1.076%Pacifica0.01879+1.081%MEXC0.01882+1.237%
Binance0.01883+1.264%
SunX0.01883+1.291%Bybit0.01884+1.345%BingX0.01884+1.345%OKX0.01885+1.399%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDT−1.012%+0.0100%4h$34K$15K20xas long as short
Gate PIPPIN_USDT−0.053%+0.0514%4h$1.7M$162K20xas long as short
Aster PIPPINUSDT0.000%+0.0529%4h$110K$12K5xas long as short
Bitget PIPPINUSDTlong0.000%+0.0266%4h$1.5M$305K10x
BloFin PIPPIN-USDT0.000%+0.0594%4h$253K$22K25xas long as short
KuCoin PIPPINUSDTM+0.053%+0.0790%4h$2.2M$4.5M25xas long as short
Pacifica PIPPIN+0.059%+0.0197%1h$19K$6K3xas long as short
MEXC PIPPIN_USDT+0.213%+0.0560%4h$2.6M$592K50xas long as short
Binance PIPPINUSDTshort+0.240%+0.0550%4h$5.2M$3.6M25x
SunX PIPPIN-USDT+0.266%+0.0100%4h$734$7.9M20xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit PIPPINUSDT+0.319%+0.0491%4h$3.6M$904K13xas long as short
BingX PIPPIN-USDT+0.319%+0.0576%4h—$1.4M—as long as short
OKX PIPPIN-USDT-SWAP+0.373%+0.0342%4h$1.5M$2.7M20xas long as short