ArbiLayer

PIPPIN arbitrage

live

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

Best net spread-0.07%Gate → Bybit · Spot–Perp
Best perp–perp spread+0.06%Binance → Bybit
Markets tracked119 venues · 9 perp · 2 spot · 0 DEX
Price range0.28%$0.0176 – $0.0176

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.0176Bybit logoBybit$0.0176 +0.13%-0.07% +0.15%— +0.123%— LS Chart →
Gate logoGatespot$0.0176Gate logoGate$0.0176 +0.13%-0.07% +0.15%— +0.101%— LS Chart →
Gate logoGatespot$0.0176Bitget logoBitget$0.0176 +0.07%-0.13% +0.10%— +0.178%— LS Chart →
Gate logoGatespot$0.0176OKX logoOKX$0.0176 +0.07%-0.13% +0.09%— +0.125%— LS Chart →
MEXC logoMEXCspot$0.0176Bybit logoBybit$0.0176 +0.02%-0.18% +0.04%— +0.123%— LS Chart →
MEXC logoMEXCspot$0.0176Gate logoGate$0.0176 +0.02%-0.18% +0.04%— +0.101%— LS Chart →
Gate logoGatespot$0.0176Binance logoBinance$0.0176 +0.02%-0.18% +0.05%— +0.198%— LS Chart →
Gate logoGatespot$0.0176MEXC logoMEXC$0.0176 +0.02%-0.18% +0.05%— +0.197%— LS Chart →
Gate logoGatespot$0.0176KuCoin logoKuCoin$0.0176 +0.02%-0.18% +0.03%— +0.067%— LS Chart →
MEXC logoMEXCspot$0.0176Bitget logoBitget$0.0176 -0.03%-0.23% -0.00%— +0.178%— LS Chart →
MEXC logoMEXCspot$0.0176OKX logoOKX$0.0176 -0.03%-0.23% -0.01%— +0.125%— LS Chart →
Gate logoGatespot$0.0176Aster logoAster$0.0176 -0.04%-0.24% +0.00%— +0.239%— LS Chart →
MEXC logoMEXCspot$0.0176Binance logoBinance$0.0176 -0.09%-0.29% -0.06%— +0.198%— LS Chart →
MEXC logoMEXCspot$0.0176MEXC logoMEXC$0.0176 -0.09%-0.29% -0.06%— +0.197%— LS Chart →
MEXC logoMEXCspot$0.0176KuCoin logoKuCoin$0.0176 -0.09%-0.29% -0.08%— +0.067%— 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 $0.0176$0.0176$0.0176+0.11% +0.123%$1.17M
OKX logoOKXPerpetual · PIPPIN-USDT-SWAPPerpetual $0.0176$0.0176$0.0176+0.06% +0.125%$1.02M
Gate logoGatePerpetual · PIPPIN_USDTPerpetual $0.0176$0.0176$0.0176+0.11% +0.101%$777.8K
KuCoin logoKuCoinPerpetual · PIPPINUSDTMPerpetual $0.0176$0.0176$0.01760.00% +0.067%$351.8K
Bitget logoBitgetPerpetual · PIPPINUSDTPerpetual $0.0176$0.0176$0.0176+0.06% +0.178%$325.8K
Gate logoGateSpot · PIPPIN_USDTSpot $0.0176$0.0176$0.0176-0.07% —$195.2K
MEXC logoMEXCPerpetual · PIPPIN_USDTPerpetual $0.0176$0.0176$0.01760.00% +0.197%$174.1K
HTX logoHTXPerpetual · PIPPIN-USDTPerpetual $0.0175$0.0176$0.0176-0.17% +0.015%$13.6K
Binance logoBinancePerpetual · PIPPINUSDTPerpetual $0.0176$0.0176$0.01760.00% +0.198%—
Aster logoAsterPerpetual · PIPPINUSDTPerpetual $0.0176$0.0176$0.01760.00% +0.239%—
MEXC logoMEXCSpot · PIPPINUSDTSpot $0.0175$0.0176$0.0176-0.08% ——
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 Gate spot at $0.0176 and the highest bid on Bybit perp at $0.0176.

The widest PIPPIN perpetual spread is between Binance and Bybit: long PIPPIN on Binance at $0.0176 and short on Bybit at $0.0176 for +0.06% gross, or -0.10% 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 -0.074% per day, which the position pays 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: +0.13% gross, -0.07% net, with +0.123% a day of funding on the short leg.

Spot–spot PIPPIN arbitrage (buy on MEXC, withdraw, deposit and sell on Gate) shows -0.16% 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 Gate spot → sell on Bybit (Spot–Perp): +0.13% gross and -0.07% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest PIPPIN?

Gate (spot) has the lowest PIPPIN ask at $0.0176, and Bybit (perp) the highest bid at $0.0176. 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 (Binance 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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