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)+0.115%
7d averageif it closes, per $10,000$12funding while held, a day+$13.32
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PIPPIN0.019100.0100pay 0.0013% / 1h24m 12s$18K$8K3x
ShortBingX PIPPIN-USDT0.019120.0544get 0.0272% / 4h3h 24m$1.4M

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
$11.52
Funding while held
$13.32
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
$6.84
Spread needed to break even
0.180%
Slippage unknown: Pacifica: no order-book sample; BingX: live order book, 14 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0444%
Per $10,000 a day
+$13.32
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 Pacifica no order-book sample
Sell BingX live order book, 14 min ago2.60 bp27.5 bp −$27140.3 bp −$1,403636.0 bp −$63.6Kdoesn't fit
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 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-USDT−0.147%+0.0100%4h$35K$17K20xas long as short
BloFin PIPPIN-USDT−0.147%+0.0136%4h$259K$21K25xas long as short
MEXC PIPPIN_USDT−0.094%+0.0158%4h$2.7M$718K50xas long as short
Binance PIPPINUSDT−0.042%+0.0154%4h$5.4M$4.4M25xas long as short
Pacifica PIPPINlong0.000%+0.0100%1h$18K$8K3x
OKX PIPPIN-USDT-SWAP+0.010%+0.0581%4h$1.6M$3.3M20xas long as short
Gate PIPPIN_USDT+0.010%+0.0100%4h$1.7M$194K20xas long as short
KuCoin PIPPINUSDTM+0.010%+0.0284%4h$2.2M$4.4M25xas long as short
Bitget PIPPINUSDT+0.063%+0.0100%4h$1.6M$373K10xas long as short
SunX PIPPIN-USDT+0.063%+0.0100%4h$1K$9.4M20xas long as short
Show all 13 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit PIPPINUSDT+0.115%+0.0198%4h$3.7M$1.2M13xas long as short
BingX PIPPIN-USDTshort+0.115%+0.0544%4h$1.4M
Aster PIPPINUSDT+0.246%+0.0318%4h$116K$28K5xas long as short