Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.084%

Price spread now: Gate against BingX−0.391%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 7 days+0.428%+$43 · spread now −0.391%, 7d avg −0.110%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Gate is 0.281% cheaper against BingX than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.110%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.333% in total (about -17.4% a year). A funding rate is set anew for every payment. 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	1.8428	0.0760	pay 0.0380% / 4h	3h 44m	—	$7.2M	—
Short	Gate PIEVERSE_USDT	1.8356	0.0100	get 0.0100% / 8h	7h 44m	$8.3M	$3.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.391%Rate

Funding earned: −$138.6
Price spread: −0.391% → −0.110%: −$28.12
Slippage, 4 orders: −$80.18
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$271.89
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	2.99 bp	22.0 bp −$22	88.3 bp −$883	974.1 bp −$97.4K	1342.4 bp −$671.2K
Sell Gate live order book, 4 min ago	6.53 bp	30.9 bp −$31	doesn't fit	doesn't fit	doesn't fit

PIEVERSE on 14 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
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8356	−0.391%	$8.3M	$3.5M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8379	−0.268%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8334	−0.510%	$1K	$686K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0226%	4h	1.8444	+0.088%	$4.0M	$2.9M	10x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0300%	4h	1.8434	+0.033%	$7.4M	$21.3M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0529%	4h	1.8325	−0.559%	$1.1M	$2.4M	40x	as long as short
Extended PIEVERSE-USD	+0.0552%	1h	1.8414	−0.078%	$40K	$183K	5x	as long as short
Binance PIEVERSEUSDT	+0.0553%	4h	1.8435	+0.038%	$21.9M	$31.1M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0560%	4h	1.8414	−0.076%	$2.5M	$875K	20x	as long as short
edgeX PIEVERSEUSDC	+0.0579%	4h	1.8484	+0.304%	$38K	$444K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PIEVERSEUSDT	+0.0600%	4h	1.8379	−0.264%	$170K	$290K	5x	as long as short
Bybit PIEVERSEUSDT	+0.0672%	4h	1.8436	+0.044%	$11.2M	$12.2M	20x	as long as short
KuCoin PIEVERSEUSDTM	+0.0720%	4h	1.8411	−0.092%	$14.0M	$3.0M	20x	as long as short
BingX PIEVERSE-USDTlong	+0.0760%	4h	1.8428	long leg	—	$7.2M	—