data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

PIPPIN

all PIPPIN markets
SwapFunding view
Alert
My alerts

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−0.157%7d average−0.145%fees + slippage, in and out−$88spread needed0.881%
Long on BybitShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PIPPINUSDT0.019070.0351pay 0.0176% / 4h2h 20m$3.7M$1.2M13x
ShortBinance PIPPINUSDT0.019040.0100get 0.0050% / 4h2h 20m$5.4M$4.4M25x

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
−$15.73
Funding while held
−$7.53
Slippage, 4 orders
−$67.14
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$111.4
Spread needed to break even
0.881%
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0251%
Per $10,000 a day
−$7.53
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 Bybit live order book, 3 min ago2.62 bp21.6 bp −$22187.1 bp −$1,871doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago2.63 bp20.9 bp −$21159.4 bp −$1,594doesn't fitdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01889cheapestPacifica0.01903+0.741%MEXC0.01903+0.741%Aster0.01903+0.761%
Binance0.01904+0.794%
OKX0.01906+0.900%Gate0.01906+0.900%KuCoin0.01906+0.900%Bitget0.01906+0.900%BingX0.01906+0.900%BloFin0.01906+0.900%
Bybit0.01907+0.953%
SunX0.01907+0.953%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDT−0.944%+0.0100%4h$34K$17K20xas long as short
Pacifica PIPPIN−0.210%+0.0100%1h$18K$8K3xas long as short
MEXC PIPPIN_USDT−0.210%+0.0100%4h$2.7M$684K50xas long as short
Aster PIPPINUSDT−0.190%+0.0100%4h$111K$32K5xas long as short
Binance PIPPINUSDTshort−0.157%+0.0100%4h$5.4M$4.4M25x
OKX PIPPIN-USDT-SWAP−0.052%+0.0389%4h$1.6M$3.2M20xas long as short
Gate PIPPIN_USDT−0.052%+0.0318%4h$1.7M$238K20xas long as short
KuCoin PIPPINUSDTM−0.052%+0.0100%4h$2.2M$4.1M25xas long as short
Bitget PIPPINUSDT−0.052%+0.0100%4h$1.6M$345K10xas long as short
BingX PIPPIN-USDT−0.052%+0.0390%4h—$1.3M—as long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin PIPPIN-USDT−0.052%+0.0083%4h$258K$21K25xas long as short
Bybit PIPPINUSDTlong0.000%+0.0351%4h$3.7M$1.2M13x
SunX PIPPIN-USDT0.000%+0.0100%4h$225$9.4M20xas long as short