Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.59 per $10,000 · paid last 24h +0.024%
Price spread now: BingX against Bybit+0.033%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1571.568% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now +0.033%, 7d avg +0.076%
=Funding pays, the price is against you. BingX is 0.043% cheaper against Bybit than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.076%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.040% in total) that is about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PIEVERSEUSDT | 1.8219 | 0.0651 | pay 0.0326% / 4h | 3h 32m | $10.9M | $10.6M | 20x |
| Short | BingX PIEVERSE-USDT | 1.8225 | 0.0770 | get 0.0385% / 4h | 3h 32m | — | $7.1M | — |
Bybit PIEVERSEUSDT
BingX PIEVERSE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $24.96
- Price spread: +0.033% → +0.076%
- −$4.29
- Slippage, 4 orders
- −$135.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$136.11
- Costs to cover
- 1.568%
- Break-even
- 45.2 days
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 5 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 Bybit live order book, 6 min ago | 3.29 bp | 51.8 bp −$52 | 406.1 bp −$4,061 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 3.57 bp | 23.8 bp −$24 | 91.5 bp −$915 | 833.6 bp −$83.4K | 1159.1 bp −$579.5K |
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 | 1.8210 | −0.049% | $8.3M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8229 | +0.057% | $3.9M | $2.1M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8189 | −0.163% | $49K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8207 | −0.066% | $2K | $690K | 20x | as long as short |
| BloFin PIEVERSE-USDT | +0.0372% | 4h | 1.8228 | +0.049% | $1.1M | $2.4M | 40x | as long as short |
| Extended PIEVERSE-USD | +0.0416% | 1h | 1.8219 | +0.002% | $40K | $257K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0418% | 4h | 1.8222 | +0.016% | $2.6M | $847K | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0420% | 4h | 1.8225 | +0.034% | $21.6M | $27.1M | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0426% | 4h | 1.8239 | +0.108% | $37K | $435K | 10x | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0451% | 4h | 1.8237 | +0.099% | $7.2M | $17.8M | 20x | as long as short |
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
BloFin PIEVERSE-USDT
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
Binance PIEVERSEUSDT
edgeX PIEVERSEUSDC
OKX PIEVERSE-USDT-SWAPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIEVERSEUSDTlong | +0.0651% | 4h | 1.8219 | long leg | $10.9M | $10.6M | 20x | |
| Aster PIEVERSEUSDT | +0.0714% | 4h | 1.8204 | −0.080% | $166K | $240K | 5x | as long as short |
| BingX PIEVERSE-USDTshort | +0.0770% | 4h | 1.8225 | +0.033% | — | $7.1M | — | |
| KuCoin PIEVERSEUSDTM | +0.0782% | 4h | 1.8211 | −0.046% | $13.8M | $2.4M | 20x | as long as short |
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM