Funding you earn now, next payment 04:00 UTC−0.0332%/8h= −36.4% APRnext payment −$1.66 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against BingX+0.100%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1021.020% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 7 days0.000%$0 · spread now +0.100%, 7d avg +0.017%
=The price spread pays, funding is against you. Bitget is 0.083% dearer against BingX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.017%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.221% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.221% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PIEVERSE-USDT | 1.8014 | 0.0432 | pay 0.0216% / 4h | 2h 10m | — | $7.1M | — |
| Short | Bitget PIEVERSEUSDT | 1.8032 | 0.0100 | get 0.0050% / 4h | 2h 10m | $3.9M | $2.2M | 10x |
BingX PIEVERSE-USDT
Bitget PIEVERSEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$69.72
- Price spread: +0.100% → +0.017%
- $8.27
- Slippage, 4 orders
- −$80.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$163.5
- Costs to cover
- 1.020%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Bitget: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 12 min ago | 2.21 bp | 24.4 bp −$24 | 88.1 bp −$881 | 1065.3 bp −$106.5K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.63 bp | 36.1 bp −$36 | 134.1 bp −$1,341 | doesn't fit | doesn't fit |
PIEVERSE on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIEVERSEUSDT | +0.0100% | 4h | 1.8008 | −0.033% | $10.8M | $10.8M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.7992 | −0.122% | $8.2M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDTshort | +0.0100% | 4h | 1.8032 | +0.100% | $3.9M | $2.2M | 10x | |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8018 | +0.021% | $48K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8019 | +0.028% | $2K | $669K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0351% | 4h | 1.8014 | 0.000% | $7.1M | $18.0M | 20x | as long as short |
| BingX PIEVERSE-USDTlong | +0.0432% | 4h | 1.8014 | long leg | — | $7.1M | — | |
| MEXC PIEVERSE_USDT | +0.0462% | 4h | 1.8017 | +0.017% | $2.4M | $844K | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0463% | 4h | 1.8015 | +0.008% | $37K | $434K | 10x | as long as short |
| Extended PIEVERSE-USD | +0.0464% | 1h | 1.8013 | −0.006% | $39K | $242K | 5x | as long as short |
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
MEXC PIEVERSE_USDT
edgeX PIEVERSEUSDC
Extended PIEVERSE-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PIEVERSEUSDT | +0.0475% | 4h | 1.8022 | +0.044% | $21.4M | $27.3M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0588% | 4h | 1.8016 | +0.011% | $165K | $257K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0752% | 4h | 1.8022 | +0.046% | $13.7M | $2.5M | 20x | as long as short |
Binance PIEVERSEUSDT
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM