Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0442%/8h= +48.4% APRpaid last 24h +0.071%

Price spread now: BingX against Gate+0.140%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 7 days−0.183%−$18 · spread now +0.140%, 7d avg +0.109%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.031% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.8576	0.0100	pay 0.0100% / 8h	10m 43s	$8.4M	$3.8M	25x
Short	BingX PIEVERSE-USDT	1.8602	0.0542	get 0.0271% / 4h	10m 43s	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $92.82
Price spread: +0.140% → +0.109%: $3.11
Slippage, 4 orders: −$72.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1.3
Costs to cover: 0.972%
Break-even: 7.1 days

Slippage from Gate: live order book, 3 min ago; BingX: live order book, 2 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 Gate live order book, 3 min ago	4.34 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.16 bp	20.3 bp −$20	86.0 bp −$860	1037.9 bp −$103.8K	1400.5 bp −$700.3K

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_USDTlong	+0.0100%	8h	1.8576	long leg	$8.4M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8643	+0.360%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8598	+0.118%	$2K	$681K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0258%	4h	1.8600	+0.129%	$7.4M	$21.6M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0278%	4h	1.8600	+0.131%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0386%	4h	1.8566	−0.054%	$11.2M	$12.3M	20x	as long as short
BingX PIEVERSE-USDTshort	+0.0542%	4h	1.8602	+0.140%	—	$7.2M	—
edgeX PIEVERSEUSDC	+0.0553%	4h	1.8465	−0.599%	$38K	$441K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0564%	4h	1.8589	+0.070%	$2.5M	$882K	20x	as long as short
Binance PIEVERSEUSDT	+0.0566%	4h	1.8574	−0.011%	$22.0M	$31.2M	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	+0.0568%	1h	1.8591	+0.083%	$42K	$160K	5x	as long as short
Aster PIEVERSEUSDT	+0.0611%	4h	1.8618	+0.228%	$172K	$291K	5x	as long as short
BloFin PIEVERSE-USDT	+0.0620%	4h	1.8646	+0.377%	$1.1M	$2.5M	40x	as long as short
KuCoin PIEVERSEUSDTM	+0.0706%	4h	1.8613	+0.201%	$14.1M	$2.9M	20x	as long as short