Settings8H · net · $10k
Funding arb · Price arb /

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Bybit against Pacifica−0.016%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PIPPIN0.018890.0100pay 0.0013% / 1h43m 35s$18K$9K3x
ShortBybit PIPPINUSDT0.018890.0100get 0.0050% / 4h43m 35s$3.6M$1.4M13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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

Funding earned
$0.03
Price spread: −0.016% → 0.000%
−$1.59
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$20.55
Costs to cover
0.190%
Break-even
4289.1 days
Slippage unknown: Pacifica: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 Bybit live order book, 4 min ago5.30 bp27.0 bp −$27206.2 bp −$2,062doesn't fitdoesn'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 on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PIPPINUSDT+0.0100%4h0.01889+0.002%$110K$33K5xas long as short
Pacifica PIPPINlong+0.0100%1h0.01889long leg$18K$9K3x
Binance PIPPINUSDT+0.0100%4h0.01889+0.002%$5.4M$4.9M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01888−0.069%$2.4M$729K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01888−0.069%$1K$10.1M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01879−0.545%$34K$14K20xas long as short
Bybit PIPPINUSDTshort+0.0100%4h0.01889−0.016%$3.6M$1.4M13x
BloFin PIPPIN-USDT+0.0129%4h0.01884−0.281%$251K$25K25xas long as short
Gate PIPPIN_USDT+0.0218%4h0.01886−0.175%$1.8M$306K20xas long as short
OKX PIPPIN-USDT-SWAP+0.0223%4h0.01890+0.037%$1.5M$3.3M20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin PIPPINUSDTM+0.0854%4h0.01888−0.069%$2.1M$5.0M25xas long as short
Bitget PIPPINUSDT+0.0896%4h0.01890+0.037%$1.6M$320K10xas long as short
BingX PIPPIN-USDT+0.1012%4h0.01889−0.016%$1.3Mas long as short