PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0388%/8h= −42.5% APRnext payment −$1.94 per $10,000 · paid last 24h −0.071%

Price spread now: Bybit against edgeX−0.456%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)−1.283%−$128 · spread now −0.456%, 7d avg −0.120%

Together, before fees−1.535%+ Points / potential airdropedgeX: Active · farm board−$153 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 Bybit is 0.336% cheaper against edgeX than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.120%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.94 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	edgeX PIEVERSEUSDC	1.8274	0.0488	pay 0.0244% / 4h	52m 57s	$37K	$432K	10x
Short	Bybit PIEVERSEUSDT	1.8191	0.0100	get 0.0050% / 4h	52m 57s	$10.8M	$10.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.456%Rate

Funding earned: −$81.56
Price spread: −0.456% → −0.120%: −$33.65
Slippage, 4 orders: −$96.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$231.77
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; Bybit: 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 edgeX live order book, 6 min ago	4.61 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.99 bp	48.6 bp −$49	257.2 bp −$2,572	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
Bybit PIEVERSEUSDTshort	+0.0100%	4h	1.8191	−0.456%	$10.8M	$10.6M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8183	−0.500%	$8.3M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8210	−0.352%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8352	+0.425%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8191	−0.456%	$1K	$676K	20x	as long as short
BloFin PIEVERSE-USDT	+0.0417%	4h	1.8228	−0.253%	$1.1M	$2.3M	40x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0424%	4h	1.8214	−0.330%	$7.2M	$17.8M	20x	as long as short
BingX PIEVERSE-USDT	+0.0455%	4h	1.8219	−0.303%	—	$7.1M	—	as long as short
Extended PIEVERSE-USD	+0.0464%	1h	1.8211	−0.349%	$41K	$248K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0466%	4h	1.8194	−0.439%	$2.5M	$844K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0468%	4h	1.8202	−0.397%	$21.6M	$27.0M	20x	as long as short
edgeX PIEVERSEUSDClong	+0.0488%	4h	1.8274	long leg	$37K	$432K	10x
Aster PIEVERSEUSDT	+0.0700%	4h	1.8184	−0.497%	$166K	$251K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0868%	4h	1.8215	−0.322%	$13.8M	$2.4M	20x	as long as short