Settings8H · net · $10k
Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0394%/8h= +43.1% APRnext payment +$1.97 per $10,000 · paid last 24h +0.098%
Price spread now: KuCoin against BingX+0.022%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1001.003% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.425%+$43 on $10k
Price spread, last 7 days−0.008%−$1 · spread now +0.022%, 7d avg −0.045%
Together, before fees+0.417%+$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and KuCoin is 0.068% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PIEVERSE-USDT1.82620.0466pay 0.0233% / 4h1h 13m$7.1M
ShortKuCoin PIEVERSEUSDTM1.82660.0860get 0.0430% / 4h1h 13m$13.9M$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$82.74
Price spread: +0.022% → −0.045%
$6.77
Slippage, 4 orders
−$78.29
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$10.78
Costs to cover
1.003%
Break-even
7.9 days
Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago3.31 bp21.3 bp −$2189.5 bp −$895doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago10.53 bp24.7 bp −$25doesn't fitdoesn't fitdoesn't fit

PIEVERSE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PIEVERSEUSDT+0.0100%4h1.8234−0.153%$10.8M$10.7M20xas long as short
Gate PIEVERSE_USDT+0.0100%8h1.8234−0.153%$8.3M$3.4M25xas long as short
Bitget PIEVERSEUSDT+0.0100%4h1.8280+0.096%$4.0M$2.2M10xas long as short
Variational Omni PIEVERSE+0.0100%4h1.8219−0.233%$49K$10Kas long as short
SunX PIEVERSE-USDT+0.0100%4h1.8228−0.186%$2K$674K20xas long as short
OKX PIEVERSE-USDT-SWAP+0.0423%4h1.8246−0.088%$7.2M$17.8M20xas long as short
BingX PIEVERSE-USDTlong+0.0466%4h1.8262long leg$7.1M
Extended PIEVERSE-USD+0.0488%1h1.8257−0.027%$39K$249K5xas long as short
MEXC PIEVERSE_USDT+0.0488%4h1.8243−0.104%$2.6M$852K20xas long as short
Binance PIEVERSEUSDT+0.0496%4h1.8273+0.058%$21.7M$27.0M20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX PIEVERSEUSDC+0.0500%4h1.8149−0.621%$37K$434K10xas long as short
BloFin PIEVERSE-USDT+0.0529%4h1.8249−0.071%$1.1M$2.3M40xas long as short
Aster PIEVERSEUSDT+0.0695%4h1.8264+0.011%$166K$254K5xas long as short
KuCoin PIEVERSEUSDTMshort+0.0860%4h1.8266+0.022%$13.9M$2.4M20x