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−$843
spread now+0.052%7d average+0.031%fees + slippage, in and out−$845spread needed8.447%
Long on GateShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PIPPIN_USDT0.019120.0100pay 0.0050% / 4h3h 28m$1.7M$194K20x
ShortBitget PIPPINUSDT0.019130.0100get 0.0050% / 4h3h 28m$1.6M$374K10x

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
$5.23
Funding while held
$0
Slippage, 4 orders
−$817.72
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$839.48
Spread needed to break even
8.447%
Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Gate live order book, 1 min ago5.23 bp157.2 bp −$157doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago5.21 bp32.1 bp −$32285.1 bp −$2,851doesn't fitdoesn't fit

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.01911cheapestBloFin0.01911cheapestPacifica0.01912+0.052%
Gate0.01912+0.052%
MEXC0.01912+0.052%Aster0.01913+0.105%
Bitget0.01913+0.105%
Binance0.01913+0.121%OKX0.01914+0.157%SunX0.01914+0.157%Bybit0.01915+0.209%KuCoin0.01915+0.209%BingX0.01921+0.523%

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDT−0.052%+0.0100%4h$35K$17K20xas long as short
BloFin PIPPIN-USDT−0.052%+0.0224%4h$259K$22K25xas long as short
Pacifica PIPPIN0.000%+0.0100%1h$18K$8K3xas long as short
Gate PIPPIN_USDTlong0.000%+0.0100%4h$1.7M$194K20x
MEXC PIPPIN_USDT0.000%+0.0190%4h$2.7M$716K50xas long as short
Aster PIPPINUSDT+0.052%+0.0335%4h$115K$27K5xas long as short
Bitget PIPPINUSDTshort+0.052%+0.0100%4h$1.6M$374K10x
Binance PIPPINUSDT+0.068%+0.0180%4h$5.4M$4.4M25xas long as short
OKX PIPPIN-USDT-SWAP+0.105%+0.0573%4h$1.6M$3.4M20xas long as short
SunX PIPPIN-USDT+0.105%+0.0100%4h$2K$9.4M20xas 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
KuCoin PIPPINUSDTM+0.157%+0.0316%4h$2.2M$4.4M25xas long as short
BingX PIPPIN-USDT+0.471%+0.0556%4h—$1.4M—as long as short