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−$151
spread now−0.472%7d average+0.038%fees + slippage, in and out−$100spread needed1.001%
Long on BitgetShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PIPPINUSDT0.019060.0118pay 0.0059% / 4h10m 31s$1.6M$356K10x
ShortBingX PIPPIN-USDT0.018970.0574get 0.0287% / 4h10m 31s—$1.4M—

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
−$47.22
Funding while held
$13.68
Slippage, 4 orders
−$78.08
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$133.62
Spread needed to break even
1.001%
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 12 min ago.

Cost of waiting

funding view
Funding /8h
+0.0456%
Per $10,000 a day
+$13.68
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 ago5.24 bp22.6 bp −$23113.0 bp −$1,130doesn't fitdoesn't fit
Sell BingX live order book, 12 min ago7.92 bp26.5 bp −$26144.8 bp −$1,448493.9 bp −$49.4Kdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01889cheapest
BingX0.01897+0.424%
Aster0.01902+0.710%Pacifica0.01904+0.794%Binance0.01904+0.794%OKX0.01904+0.794%Gate0.01905+0.847%MEXC0.01905+0.847%KuCoin0.01905+0.847%Bybit0.01906+0.900%
Bitget0.01906+0.900%
SunX0.01908+1.006%BloFin0.01908+1.006%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDT−0.892%+0.0100%4h$34K$16K20xas long as short
BingX PIPPIN-USDTshort−0.472%+0.0574%4h—$1.4M—
Aster PIPPINUSDT−0.188%+0.0427%4h$118K$24K5xas long as short
Pacifica PIPPIN−0.105%+0.0100%1h$18K$8K3xas long as short
Binance PIPPINUSDT−0.105%+0.0382%4h$5.3M$4.2M25xas long as short
OKX PIPPIN-USDT-SWAP−0.105%+0.0606%4h$1.6M$3.1M20xas long as short
Gate PIPPIN_USDT−0.052%+0.0596%4h$1.7M$182K20xas long as short
MEXC PIPPIN_USDT−0.052%+0.0382%4h$2.5M$678K50xas long as short
KuCoin PIPPINUSDTM−0.052%+0.0712%4h$2.2M$4.5M25xas long as short
Bybit PIPPINUSDT0.000%+0.0342%4h$3.6M$1.1M13xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget PIPPINUSDTlong0.000%+0.0118%4h$1.6M$356K10x
SunX PIPPIN-USDT+0.105%+0.0100%4h$2K$9.1M20xas long as short
BloFin PIPPIN-USDT+0.105%+0.0419%4h$258K$22K25xas long as short