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

PIPPIN

all PIPPIN markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)−0.421%
7d averageif it closes, per $10,000$42funding while held, a day−$5.88
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PIPPIN_USDT0.019020.0296pay 0.0148% / 4h2h 12m$1.7M$242K20x
ShortHTX PIPPIN-USDT0.018940.0100get 0.0050% / 4h2h 12m$34K$17K20x

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
−$42.06
Funding while held
−$5.88
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee HTX: 6 bp × 2 orders
−$12
Net
−$74.94
Spread needed to break even
0.270%
Slippage unknown: Gate: live order book, 1 min ago; HTX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0196%
Per $10,000 a day
$5.88
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 ago2.63 bp151.9 bp −$152doesn't fitdoesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PIPPIN price on every exchange

against the cheapest. Click to use as the short leg.

PIPPIN on 13 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX PIPPIN-USDTshort−0.421%+0.0100%4h$34K$17K20x
MEXC PIPPIN_USDT−0.053%+0.0100%4h$2.7M$687K50xas long as short
KuCoin PIPPINUSDTM−0.053%+0.0100%4h$2.2M$4.1M25xas long as short
Binance PIPPINUSDT−0.035%+0.0100%4h$5.4M$4.4M25xas long as short
Gate PIPPIN_USDTlong0.000%+0.0296%4h$1.7M$242K20x
Bitget PIPPINUSDT0.000%+0.0100%4h$1.6M$345K10xas long as short
BloFin PIPPIN-USDT0.000%+0.0128%4h$257K$21K25xas long as short
Pacifica PIPPIN+0.042%+0.0100%1h$18K$8K3xas long as short
OKX PIPPIN-USDT-SWAP+0.053%+0.0387%4h$1.6M$3.2M20xas long as short
BingX PIPPIN-USDT+0.053%+0.0384%4h$1.3Mas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX PIPPIN-USDT+0.053%+0.0100%4h$894$9.4M20xas long as short
Aster PIPPINUSDT+0.105%+0.0100%4h$111K$32K5xas long as short
Bybit PIPPINUSDT+0.105%+0.0351%4h$3.7M$1.2M13xas long as short