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−$825
spread now+0.052%7d average−0.073%fees + slippage, in and out−$837spread needed8.372%
Long on BloFinShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PIPPIN-USDT0.019060.0131pay 0.0065% / 4h3h 13m$258K$21K25x
ShortGate PIPPIN_USDT0.019070.0100get 0.0050% / 4h3h 13m$1.7M$195K20x

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
$5.25
Funding while held
−$0.93
Slippage, 4 orders
−$810.2
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$832.88
Spread needed to break even
8.372%
Slippage from BloFin: live order book, 25 min ago; Gate: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0031%
Per $10,000 a day
−$0.93
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 BloFin live order book, 25 min ago5.21 bp25.1 bp −$25151.0 bp −$1,510doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago5.24 bp608.5 bp −$608doesn't fitdoesn't fitdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01893cheapestAster0.01905+0.608%Pacifica0.01905+0.634%MEXC0.01906+0.687%
BloFin0.01906+0.687%
Binance0.01906+0.708%
Gate0.01907+0.740%
SunX0.01907+0.740%OKX0.01908+0.792%KuCoin0.01908+0.792%Bybit0.01909+0.845%Bitget0.01912+1.004%BingX0.01912+1.004%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDT−0.682%+0.0100%4h$34K$17K20xas long as short
Aster PIPPINUSDT−0.078%+0.0113%4h$113K$28K5xas long as short
Pacifica PIPPIN−0.052%+0.0100%1h$18K$8K3xas long as short
MEXC PIPPIN_USDT0.000%+0.0100%4h$2.7M$720K50xas long as short
BloFin PIPPIN-USDTlong0.000%+0.0131%4h$258K$21K25x
Binance PIPPINUSDT+0.021%+0.0100%4h$5.4M$4.4M25xas long as short
Gate PIPPIN_USDTshort+0.052%+0.0100%4h$1.7M$195K20x
SunX PIPPIN-USDT+0.052%+0.0100%4h$1K$9.4M20xas long as short
OKX PIPPIN-USDT-SWAP+0.105%+0.0521%4h$1.6M$3.3M20xas long as short
KuCoin PIPPINUSDTM+0.105%+0.0128%4h$2.2M$4.3M25xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit PIPPINUSDT+0.157%+0.0100%4h$3.7M$1.2M13xas long as short
Bitget PIPPINUSDT+0.315%+0.0100%4h$1.6M$373K10xas long as short
BingX PIPPIN-USDT+0.315%+0.0506%4h—$1.3M—as long as short