ArbiLayer

PIPPIN arbitrage

live

Live pippin price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.30%HTX → Bybit · Perp–Perp
Best perp–perp spread+0.46%HTX → Bybit
Markets tracked119 venues · 9 perp · 2 spot · 0 DEX
Price range0.63%$0.0173 – $0.0174

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
HTX logoHTX$0.0174Bybit logoBybit$0.0174 +0.46%+0.30% +0.47%— +0.062%— LS Chart →
HTX logoHTX$0.0174Bitget logoBitget$0.0174 +0.40%+0.24% +0.40%— +0.015%— LS Chart →
HTX logoHTX$0.0174Gate logoGate$0.0174 +0.40%+0.24% +0.41%— +0.077%— LS Chart →
HTX logoHTX$0.0174OKX logoOKX$0.0174 +0.40%+0.24% +0.41%— +0.028%— LS Chart →
HTX logoHTX$0.0174Binance logoBinance$0.0174 +0.35%+0.19% +0.35%— +0.018%— LS Chart →
HTX logoHTX$0.0174MEXC logoMEXC$0.0174 +0.35%+0.19% +0.35%— +0.018%— LS Chart →
HTX logoHTX$0.0174KuCoin logoKuCoin$0.0174 +0.35%+0.19% +0.35%— +0.015%— LS Chart →
HTX logoHTX$0.0174Aster logoAster$0.0174 +0.29%+0.13% +0.29%— +0.036%— LS Chart →
Binance logoBinance$0.0174Bybit logoBybit$0.0174 +0.06%-0.10% +0.06%— +0.044%— LS Chart →
MEXC logoMEXC$0.0174Bybit logoBybit$0.0174 +0.06%-0.10% +0.06%— +0.044%— LS Chart →
KuCoin logoKuCoin$0.0174Bybit logoBybit$0.0174 +0.06%-0.10% +0.07%— +0.047%— LS Chart →
Binance logoBinance$0.0174Bitget logoBitget$0.0174 0.00%-0.16% -0.00%— -0.003%— LS Chart →
Binance logoBinance$0.0174Gate logoGate$0.0174 0.00%-0.16% +0.01%— +0.058%— LS Chart →
Binance logoBinance$0.0174OKX logoOKX$0.0174 0.00%-0.16% +0.00%— +0.009%— LS Chart →
MEXC logoMEXC$0.0174Bitget logoBitget$0.0174 0.00%-0.16% -0.00%— -0.003%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PIPPIN price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · PIPPINUSDTPerpetual $0.0174$0.0174$0.0174+0.11% +0.077%$1.16M
OKX logoOKXPerpetual · PIPPIN-USDT-SWAPPerpetual $0.0174$0.0174$0.0174+0.06% +0.043%$966.0K
Gate logoGatePerpetual · PIPPIN_USDTPerpetual $0.0174$0.0174$0.0174+0.06% +0.092%$842.6K
KuCoin logoKuCoinPerpetual · PIPPINUSDTMPerpetual $0.0174$0.0174$0.01740.00% +0.030%$389.0K
Bitget logoBitgetPerpetual · PIPPINUSDTPerpetual $0.0174$0.0174$0.0174+0.09% +0.030%$306.8K
Gate logoGateSpot · PIPPIN_USDTSpot $0.0174$0.0174$0.0174-0.07% —$189.5K
MEXC logoMEXCPerpetual · PIPPIN_USDTPerpetual $0.0174$0.0174$0.01740.00% +0.033%$173.1K
HTX logoHTXPerpetual · PIPPIN-USDTPerpetual $0.0173$0.0174$0.0173-0.52% +0.015%$16.6K
Binance logoBinancePerpetual · PIPPINUSDTPerpetual $0.0174$0.0174$0.01740.00% +0.033%—
Aster logoAsterPerpetual · PIPPINUSDTPerpetual $0.0174$0.0174$0.01740.00% +0.051%—
MEXC logoMEXCSpot · PIPPINUSDTSpot $0.0174$0.0174$0.0174-0.12% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PIPPIN arbitrage explained

Right now pippin (PIPPIN) trades on 9 venues we scan: 9 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on HTX perp at $0.0174 and the highest bid on Bybit perp at $0.0174.

The widest PIPPIN perpetual spread is between HTX and Bybit: long PIPPIN on HTX at $0.0174 and short on Bybit at $0.0174 for +0.46% gross, or +0.30% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.062% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PIPPIN route is to buy spot on Gate and short the perpetual on Bybit: +0.14% gross, -0.06% net, with +0.077% a day of funding on the short leg.

Spot–spot PIPPIN arbitrage (buy on MEXC, withdraw, deposit and sell on Gate) shows -0.11% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small PIPPIN gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: PIPPIN funding rates · PIPPIN spread charts · pippin price · arbitrage scanner for all coins.

Is there a PIPPIN arbitrage opportunity right now?

The best PIPPIN route right now is to buy on HTX → sell on Bybit (Perp–Perp): +0.46% gross and +0.30% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest PIPPIN?

HTX (perp) has the lowest PIPPIN ask at $0.0174, and Bybit (perp) the highest bid at $0.0174. Prices update every 15 seconds on this page.

How many exchanges list PIPPIN?

ArbiLayer tracks 11 PIPPIN markets on 9 venues: 9 perpetual, 2 spot and 0 DEX pools.

How do I arbitrage PIPPIN without transferring coins?

Use two perpetual contracts: go long PIPPIN on the cheaper exchange (HTX now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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