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

PIEVERSE

All PIEVERSE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotPIEVERSEUSDT
1.2834spotno funding——$2.2M1xBuy Bybit Spot
SHORT
BybitPIEVERSEUSDT
1.2841+0.0349get 0.0175% / 4h3h 46m$6.3M$4.4M20xShort Bybit
Price gap+0.055%
Funding gap+0.0349% /8h

Funding pays +$10 a day on $10k, but the gap is 0.027% under its 7d average: −$3 if it goes back, about 6 hours of funding. At the last 7 days' pace that is about 22 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$21+0.0349% /8h now · paid +0.210% over the last 7D
Price−$3spread +0.055% now, avg +0.082% → −0.027% if it goes back
Costs−$1731.727% of $10k · taker + slippage, in and out
Result−$154−1.54%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.210% in total, about +0.0100%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.055%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PIEVERSE on 14 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size46.8 / 22.0 bp
    At $10k entering Bybit Spot costs 46.8 bp, fee and slippage, 2.1× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Bybit runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$10.47Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$10.47.
  • Watch: Gap narrower than usual+0.055% vs +0.082%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$6.3M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0100%/8h × 21 periods+$21.03
Price spread+0.055% → +0.082% (7d avg)−$2.70
Slippage, 4 orderslive order books−$141.70
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$154.36
Costs to cover1.727%Break-even58.4 days
Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot6.3346.8 bp−$47doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit5.0922.0 bp−$22404.2 bp−$4,042doesn’t fitdoesn’t fit

Closing costs about the same again.

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