Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h −0.163%

Price spread now: Gate against edgeX+0.019%67s7-day average −0.219% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$830.833% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.575%−$57 on $10k

Price spread, last 4 days (all we have)−0.640%−$64 · spread now +0.019%, 7d avg −0.219%

Together, before fees−1.214%+ Points / potential airdropedgeX: Active · farm board−$121 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.238% dearer against edgeX than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.219%): +$24 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.2 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PIEVERSEUSDC	1.8185	0.0459	pay 0.0230% / 4h	2h 40m	$37K	$430K	10x
Short	Gate PIEVERSE_USDT	1.8189	0.0100	get 0.0100% / 8h	2h 40m	$8.3M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$75.46
Price spread: +0.019% → −0.219%: $23.8
Slippage, 4 orders: −$59.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$134.96
Costs to cover: 0.833%
Break-even: never at this rate

Slippage from edgeX: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago	4.68 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.13 bp	33.0 bp −$33	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
Bybit PIEVERSEUSDT	+0.0100%	4h	1.8207	+0.118%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8189	+0.019%	$8.3M	$3.4M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8216	+0.166%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8181	−0.025%	$2K	$694K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0152%	4h	1.8206	+0.113%	$3.9M	$2.1M	10x	as long as short
edgeX PIEVERSEUSDClong	+0.0459%	4h	1.8185	long leg	$37K	$430K	10x
MEXC PIEVERSE_USDT	+0.0472%	4h	1.8210	+0.135%	$2.6M	$814K	20x	as long as short
Extended PIEVERSE-USD	+0.0480%	1h	1.8207	+0.118%	$42K	$207K	5x	as long as short
Binance PIEVERSEUSDT	+0.0482%	4h	1.8213	+0.151%	$21.5M	$27.1M	20x	as long as short
BingX PIEVERSE-USDT	+0.0514%	4h	1.8211	+0.140%	—	$7.1M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PIEVERSE-USDT	+0.0530%	4h	1.8221	+0.195%	$1.1M	$2.3M	40x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0564%	4h	1.8217	+0.173%	$7.2M	$17.7M	20x	as long as short
Aster PIEVERSEUSDT	+0.0714%	4h	1.8182	−0.022%	$168K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0852%	4h	1.8191	+0.028%	$13.9M	$2.4M	20x	as long as short