Funding you earn now, next payment 04:00 UTC+0.0412%/8h= +45.1% APRnext payment +$2.06 per $10,000 · paid last 24h +0.068%
Price spread now: BloFin against Bybit−0.077%7-day average +0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1421.421% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.077%, 7d avg +0.116%
=Funding pays, the price is against you. BloFin is 0.193% cheaper against Bybit than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.116%). If the spread goes back, that is −$19 on $10k: about 38 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.238% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.238% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.06 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 | Bybit PIEVERSEUSDT | 1.8183 | 0.0107 | pay 0.0054% / 4h | 2h 50m | $10.9M | $11.1M | 20x |
| Short | BloFin PIEVERSE-USDT | 1.8169 | 0.0519 | get 0.0259% / 4h | 2h 50m | $1.1M | $2.4M | 40x |
Bybit PIEVERSEUSDT
BloFin PIEVERSE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $86.48
- Price spread: −0.077% → +0.116%
- −$19.32
- Slippage, 4 orders
- −$119.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.95
- Costs to cover
- 1.421%
- Break-even
- 13.1 days
Slippage from Bybit: live order book, 2 min ago; BloFin: 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 Bybit live order book, 2 min ago | 3.03 bp | 41.9 bp −$42 | 288.0 bp −$2,880 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.55 bp | 20.2 bp −$20 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8122 | −0.335% | $8.2M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8193 | +0.053% | $3.9M | $2.4M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8133 | −0.274% | $48K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8151 | −0.176% | $2K | $666K | 20x | as long as short |
| Bybit PIEVERSEUSDTlong | +0.0107% | 4h | 1.8183 | long leg | $10.9M | $11.1M | 20x | |
| OKX PIEVERSE-USDT-SWAP | +0.0315% | 4h | 1.8195 | +0.066% | $7.2M | $18.6M | 20x | as long as short |
| BingX PIEVERSE-USDT | +0.0472% | 4h | 1.8176 | −0.038% | — | $7.1M | — | as long as short |
| MEXC PIEVERSE_USDT | +0.0492% | 4h | 1.8204 | +0.115% | $2.5M | $835K | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0496% | 4h | 1.8204 | +0.115% | $21.6M | $27.8M | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0496% | 1h | 1.8187 | +0.024% | $41K | $241K | 5x | as long as short |
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
BingX PIEVERSE-USDT
MEXC PIEVERSE_USDT
Binance PIEVERSEUSDT
Extended PIEVERSE-USDShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX PIEVERSEUSDC | +0.0505% | 4h | 1.8127 | −0.308% | $37K | $432K | 10x | as long as short |
| BloFin PIEVERSE-USDTshort | +0.0519% | 4h | 1.8169 | −0.077% | $1.1M | $2.4M | 40x | |
| Aster PIEVERSEUSDT | +0.0550% | 4h | 1.8133 | −0.273% | $168K | $267K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0756% | 4h | 1.8174 | −0.048% | $13.8M | $2.6M | 20x | as long as short |
edgeX PIEVERSEUSDC
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM