Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRnext payment +$1.00 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against Bitget+0.079%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1191.185% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 7 days−0.233%−$23 · spread now +0.079%, 7d avg −0.095%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.174% dearer against Bitget than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.095%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PIEVERSEUSDT | 1.8465 | 0.0292 | pay 0.0146% / 4h | 1h 00m | $4.0M | $2.9M | 10x |
| Short | Bybit PIEVERSEUSDT | 1.8480 | 0.0491 | get 0.0246% / 4h | 1h 00m | $11.2M | $12.2M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $41.87
- Price spread: +0.079% → −0.095%
- $17.38
- Slippage, 4 orders
- −$95.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$59.29
- Costs to cover
- 1.185%
- Break-even
- 16.9 days
Slippage from Bitget: live order book, 2 min ago; Bybit: 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 Bitget live order book, 2 min ago | 3.58 bp | 36.5 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.63 bp | 26.4 bp −$26 | 254.6 bp −$2,546 | 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_USDT | +0.0100% | 8h | 1.8453 | −0.067% | $8.4M | $3.9M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8426 | −0.213% | $49K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8450 | −0.083% | $1K | $673K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0196% | 4h | 1.8495 | +0.161% | $7.3M | $21.6M | 20x | as long as short |
| Bitget PIEVERSEUSDTlong | +0.0292% | 4h | 1.8465 | long leg | $4.0M | $2.9M | 10x | |
| Bybit PIEVERSEUSDTshort | +0.0491% | 4h | 1.8480 | +0.079% | $11.2M | $12.2M | 20x | |
| BingX PIEVERSE-USDT | +0.0568% | 4h | 1.8493 | +0.150% | — | $7.2M | — | as long as short |
| edgeX PIEVERSEUSDC | +0.0585% | 4h | 1.8451 | −0.078% | $38K | $442K | 10x | as long as short |
| Extended PIEVERSE-USD | +0.0592% | 1h | 1.8483 | +0.095% | $42K | $160K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0592% | 4h | 1.8478 | +0.069% | $2.5M | $883K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PIEVERSEUSDT | +0.0593% | 4h | 1.8487 | +0.115% | $22.0M | $31.1M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0619% | 4h | 1.8445 | −0.111% | $171K | $292K | 5x | as long as short |
| BloFin PIEVERSE-USDT | +0.0637% | 4h | 1.8466 | +0.004% | $1.1M | $2.5M | 40x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0652% | 4h | 1.8488 | +0.121% | $14.0M | $2.9M | 20x | as long as short |
Bitget PIEVERSEUSDT
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
BingX PIEVERSE-USDT
edgeX PIEVERSEUSDC
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
Binance PIEVERSEUSDT
Aster PIEVERSEUSDT
BloFin PIEVERSE-USDT
KuCoin PIEVERSEUSDTM