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

PIEVERSE

all PIEVERSE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0217%/8h= +23.8% APRnext payment +$1.09 per $10,000 · paid last 24h −0.012%
Price spread now: OKX against Bybit+0.208%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1421.425% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.259%−$26 on $10k
Price spread, last 7 days−0.124%−$12 · spread now +0.208%, 7d avg +0.027%
Together, before fees−0.383%−$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.181% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.259%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PIEVERSEUSDT1.81000.0100pay 0.0050% / 4h2h 48m$10.9M$11.1M20x
ShortOKX PIEVERSE-USDT-SWAP1.81380.0317get 0.0159% / 4h2h 48m$7.2M$18.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$45.65
Price spread: +0.208% → +0.027%
$18.11
Slippage, 4 orders
−$121.46
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$78.7
Costs to cover
1.425%
Break-even
19.1 days
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 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 Bybit live order book, 5 min ago3.03 bp41.9 bp −$42288.0 bp −$2,880doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.55 bp20.7 bp −$21108.6 bp −$1,086doesn'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
Bybit PIEVERSEUSDTlong+0.0100%4h1.8100long leg$10.9M$11.1M20x
Gate PIEVERSE_USDT+0.0100%8h1.8083−0.096%$8.2M$3.4M25xas long as short
Bitget PIEVERSEUSDT+0.0100%4h1.8125+0.137%$3.9M$2.4M10xas long as short
Variational Omni PIEVERSE+0.0100%4h1.8133+0.181%$48K$10Kas long as short
SunX PIEVERSE-USDT+0.0100%4h1.8108+0.042%$2K$666K20xas long as short
OKX PIEVERSE-USDT-SWAPshort+0.0317%4h1.8138+0.208%$7.2M$18.5M20x
BloFin PIEVERSE-USDT+0.0445%4h1.8126+0.141%$1.1M$2.4M40xas long as short
BingX PIEVERSE-USDT+0.0472%4h1.8114+0.075%$7.1Mas long as short
MEXC PIEVERSE_USDT+0.0494%4h1.8111+0.059%$2.4M$836K20xas long as short
Extended PIEVERSE-USD+0.0496%1h1.8114+0.075%$41K$241K5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PIEVERSEUSDT+0.0503%4h1.8113+0.070%$21.5M$27.8M20xas long as short
edgeX PIEVERSEUSDC+0.0505%4h1.8127+0.147%$37K$432K10xas long as short
Aster PIEVERSEUSDT+0.0552%4h1.8121+0.114%$167K$266K5xas long as short
KuCoin PIEVERSEUSDTM+0.0746%4h1.8122+0.122%$13.8M$2.6M20xas long as short