Funding arb · Price arb /

PIPPIN

all PIPPIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0270%/8h= −29.5% APRpaid last 24h −0.027%

Price spread now: Pacifica against MEXC+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.026% dearer against MEXC than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIPPIN_USDT	0.01890	0.0404	pay 0.0202% / 4h	2h 00m	$2.6M	$780K	50x
Short	Pacifica PIPPIN	0.01891	0.0134	get 0.0017% / 1h	0m 43s	$18K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee PacificabpOrdersPrice spread, now +0.026%Rate

Funding earned: −$56.6
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$61.95
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	5.29 bp	11.6 bp −$12	111.6 bp −$1,116	226.8 bp −$22.7K	473.5 bp −$236.8K
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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 on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PIPPINUSDT	+0.0100%	4h	0.01892	+0.106%	$1.6M	$350K	10x	as long as short
SunX PIPPIN-USDT	+0.0100%	4h	0.01891	+0.053%	$2K	$9.7M	20x	as long as short
HTX PIPPIN-USDT	+0.0100%	4h	0.01884	−0.317%	$34K	$16K	20x	as long as short
OKX PIPPIN-USDT-SWAP	+0.0132%	4h	0.01891	+0.053%	$1.6M	$3.2M	20x	as long as short
Pacifica PIPPINshort	+0.0134%	1h	0.01891	+0.026%	$18K	$9K	3x
Aster PIPPINUSDT	+0.0198%	4h	0.01895	+0.268%	$110K	$32K	5x	as long as short
KuCoin PIPPINUSDTM	+0.0292%	4h	0.01892	+0.106%	$2.1M	$3.3M	25x	as long as short
BloFin PIPPIN-USDT	+0.0387%	4h	0.01890	0.000%	$250K	$27K	25x	as long as short
Binance PIPPINUSDT	+0.0394%	4h	0.01890	−0.022%	$5.3M	$4.6M	25x	as long as short
MEXC PIPPIN_USDTlong	+0.0404%	4h	0.01890	long leg	$2.6M	$780K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIPPIN-USDT	+0.0582%	4h	0.01893	+0.159%	—	$1.3M	—	as long as short
Bybit PIPPINUSDT	+0.0602%	4h	0.01892	+0.106%	$3.6M	$1.3M	13x	as long as short
Gate PIPPIN_USDT	+0.0772%	4h	0.01891	+0.053%	$1.8M	$306K	20x	as long as short