PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0352%/8h= −38.5% APRnext payment −$1.76 per $10,000 · paid last 24h +0.011%

Price spread now: Bybit against BingX−0.050%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1391.386% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 7 days−0.040%−$4 · spread now −0.050%, 7d avg −0.076%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.026% dearer against BingX than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.076%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.025% in total) that is about 7.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.76 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	1.8033	0.0452	pay 0.0226% / 4h	2h 32m	—	$7.1M	—
Short	Bybit PIEVERSEUSDT	1.8024	0.0100	get 0.0050% / 4h	2h 32m	$10.7M	$11.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$73.92
Price spread: −0.050% → −0.076%: $2.57
Slippage, 4 orders: −$117.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$209.92
Costs to cover: 1.386%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 5 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, 10 min ago	3.87 bp	22.8 bp −$23	88.3 bp −$883	1019.0 bp −$101.9K	doesn't fit
Sell Bybit live order book, 5 min ago	0.28 bp	50.9 bp −$51	281.0 bp −$2,810	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 PIEVERSEUSDTshort	+0.0100%	4h	1.8024	−0.050%	$10.7M	$11.0M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8007	−0.144%	$8.2M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8022	−0.063%	$3.9M	$2.3M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8039	+0.032%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8008	−0.139%	$2K	$668K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0311%	4h	1.8040	+0.039%	$7.1M	$18.2M	20x	as long as short
BingX PIEVERSE-USDTlong	+0.0452%	4h	1.8033	long leg	—	$7.1M	—
Extended PIEVERSE-USD	+0.0472%	1h	1.8032	−0.007%	$39K	$245K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0472%	4h	1.8026	−0.039%	$2.4M	$838K	20x	as long as short
Binance PIEVERSEUSDT	+0.0473%	4h	1.8029	−0.021%	$21.4M	$27.6M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PIEVERSEUSDC	+0.0481%	4h	1.8033	−0.002%	$37K	$432K	10x	as long as short
Aster PIEVERSEUSDT	+0.0528%	4h	1.8023	−0.057%	$166K	$260K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0708%	4h	1.8012	−0.114%	$13.7M	$2.5M	20x	as long as short