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

PIEVERSE

all PIEVERSE markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.049%−$5 on $10k · with fees, hour by hour
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%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PIEVERSEUSDT1.84650.0292pay 0.0146% / 4h1h 00m$4.0M$2.9M10x
ShortBybit PIEVERSEUSDT1.84800.0491get 0.0246% / 4h1h 00m$11.2M$12.2M20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago3.58 bp36.5 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.63 bp26.4 bp −$26254.6 bp −$2,546doesn'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
Gate PIEVERSE_USDT+0.0100%8h1.8453−0.067%$8.4M$3.9M25xas long as short
Variational Omni PIEVERSE+0.0100%4h1.8426−0.213%$49K$10Kas long as short
SunX PIEVERSE-USDT+0.0100%4h1.8450−0.083%$1K$673K20xas long as short
OKX PIEVERSE-USDT-SWAP+0.0196%4h1.8495+0.161%$7.3M$21.6M20xas long as short
Bitget PIEVERSEUSDTlong+0.0292%4h1.8465long leg$4.0M$2.9M10x
Bybit PIEVERSEUSDTshort+0.0491%4h1.8480+0.079%$11.2M$12.2M20x
BingX PIEVERSE-USDT+0.0568%4h1.8493+0.150%$7.2Mas long as short
edgeX PIEVERSEUSDC+0.0585%4h1.8451−0.078%$38K$442K10xas long as short
Extended PIEVERSE-USD+0.0592%1h1.8483+0.095%$42K$160K5xas long as short
MEXC PIEVERSE_USDT+0.0592%4h1.8478+0.069%$2.5M$883K20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PIEVERSEUSDT+0.0593%4h1.8487+0.115%$22.0M$31.1M20xas long as short
Aster PIEVERSEUSDT+0.0619%4h1.8445−0.111%$171K$292K5xas long as short
BloFin PIEVERSE-USDT+0.0637%4h1.8466+0.004%$1.1M$2.5M40xas long as short
KuCoin PIEVERSEUSDTM+0.0652%4h1.8488+0.121%$14.0M$2.9M20xas long as short