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

PIPPIN

all PIPPIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0970%/8h= +106.2% APRpaid last 24h +0.138%
Price spread now: KuCoin against Pacifica0.000%7-day average · you sell dearer than you buy
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 6 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$29 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PIPPIN0.019140.0100pay 0.0013% / 1h49m 14s$18K$9K3x
ShortKuCoin PIPPINUSDTM0.019140.1070get 0.0535% / 4h2h 49m$2.1M$5.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$203.7
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$183.7
Costs to cover
0.200%
Break-even
0.7 days
Slippage unknown: Pacifica: no order-book sample; KuCoin: 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 KuCoin live order book, 4 min ago7.81 bp72.8 bp −$73doesn't fitdoesn'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
BloFin PIPPIN-USDT+0.0072%4h0.01918+0.209%$254K$27K25xas long as short
Aster PIPPINUSDT+0.0100%4h0.01910−0.208%$111K$33K5xas long as short
Pacifica PIPPINlong+0.0100%1h0.01914long leg$18K$9K3x
Binance PIPPINUSDT+0.0100%4h0.01913−0.061%$5.4M$5.0M25xas long as short
MEXC PIPPIN_USDT+0.0100%4h0.01912−0.104%$2.5M$707K50xas long as short
SunX PIPPIN-USDT+0.0100%4h0.01913−0.052%$2K$10.3M20xas long as short
HTX PIPPIN-USDT+0.0100%4h0.01905−0.470%$34K$14K20xas long as short
OKX PIPPIN-USDT-SWAP+0.0268%4h0.01913−0.052%$1.5M$3.4M20xas long as short
Gate PIPPIN_USDT+0.0354%4h0.01913−0.052%$1.8M$318K20xas long as short
Bitget PIPPINUSDT+0.0760%4h0.01917+0.157%$1.6M$312K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIPPIN-USDT+0.0804%4h0.01913−0.052%$1.3Mas long as short
Bybit PIPPINUSDT+0.0870%4h0.01913−0.052%$3.7M$1.4M13xas long as short
KuCoin PIPPINUSDTMshort+0.1070%4h0.019140.000%$2.1M$5.6M25x