Funding you earn now, next payment 08:00 UTC+0.0384%/8h= +42.0% APRnext payment +$1.92 per $10,000 · paid last 24h +0.062%
Price spread now: BingX against Bitget−0.055%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1041.039% of the position
Funding, last 7 days+0.235%+$24 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.055%, 7d avg −0.015%
=Funding pays, the price is against you. BingX is 0.040% cheaper against Bitget than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.015%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.235% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.235% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.92 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 | Bitget PIEVERSEUSDT | 1.8193 | 0.0134 | pay 0.0067% / 4h | 2h 43m | $3.9M | $2.1M | 10x |
| Short | BingX PIEVERSE-USDT | 1.8183 | 0.0518 | get 0.0259% / 4h | 2h 43m | — | $7.1M | — |
Bitget PIEVERSEUSDT
BingX PIEVERSE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- $80.64
- Price spread: −0.055% → −0.015%
- −$4.01
- Slippage, 4 orders
- −$81.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$27.27
- Costs to cover
- 1.039%
- Break-even
- 9.4 days
Slippage from Bitget: live order book, 4 min ago; BingX: 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 Bitget live order book, 4 min ago | 4.32 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.03 bp | 25.0 bp −$25 | 90.5 bp −$905 | 931.5 bp −$93.2K | 1258.5 bp −$629.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIEVERSEUSDT | +0.0100% | 4h | 1.8180 | −0.071% | $10.9M | $10.6M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8159 | −0.187% | $8.3M | $3.4M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8199 | +0.032% | $49K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8169 | −0.132% | $2K | $695K | 20x | as long as short |
| Bitget PIEVERSEUSDTlong | +0.0134% | 4h | 1.8193 | long leg | $3.9M | $2.1M | 10x | |
| BloFin PIEVERSE-USDT | +0.0470% | 4h | 1.8200 | +0.038% | $1.1M | $2.3M | 40x | as long as short |
| Extended PIEVERSE-USD | +0.0472% | 1h | 1.8175 | −0.098% | $42K | $212K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0472% | 4h | 1.8188 | −0.027% | $2.5M | $811K | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0474% | 4h | 1.8187 | −0.033% | $21.5M | $27.1M | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0476% | 4h | 1.8171 | −0.123% | $37K | $437K | 10x | as long as short |
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
BloFin PIEVERSE-USDT
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
Binance PIEVERSEUSDT
edgeX PIEVERSEUSDCShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIEVERSE-USDTshort | +0.0518% | 4h | 1.8183 | −0.055% | — | $7.1M | — | |
| OKX PIEVERSE-USDT-SWAP | +0.0544% | 4h | 1.8183 | −0.055% | $7.2M | $17.6M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0706% | 4h | 1.8190 | −0.017% | $167K | $240K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0834% | 4h | 1.8198 | +0.030% | $13.9M | $2.4M | 20x | as long as short |
OKX PIEVERSE-USDT-SWAP
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM