Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0386%/8h= −42.2% APRpaid last 24h −0.163%

Price spread now: Gate against BloFin−0.138%7-day average −0.226% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.546%−$55 on $10k

Price spread, last 4 days (all we have)+1.649%+$165 · spread now −0.138%, 7d avg −0.226%

Together, before fees+1.103%+$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.089% dearer against BloFin than usual: you sell high and buy low (spread −0.138% now, against its 7-day average of −0.226%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PIEVERSE-USDT	1.8161	0.0486	pay 0.0243% / 4h	1h 16m	$1.1M	$2.3M	40x
Short	Gate PIEVERSE_USDT	1.8136	0.0100	get 0.0100% / 8h	5h 16m	$8.3M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.138%Rate

Funding earned: −$80.99
Price spread: −0.138% → −0.226%: $8.86
Slippage, 4 orders: −$66.24
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$165.38
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Gate: 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 BloFin live order book, 1 min ago	4.14 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.42 bp	28.0 bp −$28	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
Bybit PIEVERSEUSDT	+0.0100%	4h	1.8163	+0.011%	$10.8M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8136	−0.138%	$8.3M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8159	−0.009%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8140	−0.115%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8121	−0.220%	$2K	$674K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0418%	4h	1.8185	+0.132%	$7.2M	$17.8M	20x	as long as short
BingX PIEVERSE-USDT	+0.0466%	4h	1.8187	+0.143%	—	$7.1M	—	as long as short
edgeX PIEVERSEUSDC	+0.0475%	4h	1.8127	−0.189%	$37K	$434K	10x	as long as short
Binance PIEVERSEUSDT	+0.0483%	4h	1.8189	+0.155%	$21.6M	$27.0M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0484%	4h	1.8159	−0.011%	$2.5M	$847K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PIEVERSE-USDTlong	+0.0486%	4h	1.8161	long leg	$1.1M	$2.3M	40x
Extended PIEVERSE-USD	+0.0488%	1h	1.8190	+0.158%	$39K	$249K	5x	as long as short
Aster PIEVERSEUSDT	+0.0671%	4h	1.8142	−0.105%	$165K	$254K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0858%	4h	1.8175	+0.078%	$13.8M	$2.4M	20x	as long as short