Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0397%/8h= −43.5% APRpaid last 24h −0.073%

Price spread now: Gate against Bybit−0.101%7-day average −0.031% · 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−$127as in the Price arb table

costs, in and out, $10k−$1201.196% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 7 days+0.241%+$24 · spread now −0.101%, 7d avg −0.031%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.069% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIEVERSEUSDT	1.8472	0.0497	pay 0.0249% / 4h	58m 42s	$11.1M	$12.2M	20x
Short	Gate PIEVERSE_USDT	1.8453	0.0100	get 0.0100% / 8h	58m 42s	$8.4M	$3.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.101%Rate

Funding earned: −$83.4
Price spread: −0.101% → −0.031%: −$6.93
Slippage, 4 orders: −$93.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$209.98
Costs to cover: 1.196%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: 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, 5 min ago	1.63 bp	41.3 bp −$41	336.2 bp −$3,362	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.89 bp	20.9 bp −$21	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_USDTshort	+0.0100%	8h	1.8453	−0.101%	$8.4M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8462	−0.052%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8449	−0.122%	$1K	$673K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0202%	4h	1.8496	+0.132%	$7.4M	$21.6M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0294%	4h	1.8505	+0.183%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDTlong	+0.0497%	4h	1.8472	long leg	$11.1M	$12.2M	20x
BingX PIEVERSE-USDT	+0.0568%	4h	1.8498	+0.143%	—	$7.2M	—	as long as short
edgeX PIEVERSEUSDC	+0.0585%	4h	1.8451	−0.112%	$38K	$442K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0590%	4h	1.8495	+0.127%	$2.5M	$872K	20x	as long as short
Binance PIEVERSEUSDT	+0.0591%	4h	1.8491	+0.105%	$22.0M	$31.1M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0592%	1h	1.8496	+0.131%	$42K	$160K	5x	as long as short
Aster PIEVERSEUSDT	+0.0620%	4h	1.8449	−0.124%	$171K	$292K	5x	as long as short
BloFin PIEVERSE-USDT	+0.0626%	4h	1.8487	+0.083%	$1.1M	$2.5M	40x	as long as short
KuCoin PIEVERSEUSDTM	+0.0664%	4h	1.8494	+0.119%	$14.0M	$2.9M	20x	as long as short