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

PIEVERSE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%
Price spread now: Bitget against Gate+0.261%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.112%+$11 on $10k
Price spread, last 7 days−0.201%−$20 · spread now +0.261%, 7d avg +0.128%
Together, before fees−0.089%−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.133% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.128%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PIEVERSE_USDT1.79850.0100pay 0.0100% / 8h6h 11m$8.2M$3.4M25x
ShortBitget PIEVERSEUSDT1.80320.0100get 0.0050% / 4h2h 11m$3.9M$2.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.261% → +0.128%
$13.3
Slippage, 4 orders
−$91.31
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$105
Costs to cover
1.183%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 1 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 Gate live order book, 2 min ago4.45 bp31.3 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago3.63 bp36.1 bp −$36134.1 bp −$1,341doesn't fitdoesn't fit

PIEVERSE on 13 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 PIEVERSEUSDT+0.0100%4h1.8006+0.118%$10.8M$10.8M20xas long as short
Gate PIEVERSE_USDTlong+0.0100%8h1.7985long leg$8.2M$3.4M25x
Bitget PIEVERSEUSDTshort+0.0100%4h1.8032+0.261%$3.9M$2.2M10x
Variational Omni PIEVERSE+0.0100%4h1.8010+0.137%$48K$10Kas long as short
SunX PIEVERSE-USDT+0.0100%4h1.8008+0.128%$1K$669K20xas long as short
OKX PIEVERSE-USDT-SWAP+0.0351%4h1.8024+0.217%$7.1M$18.0M20xas long as short
BingX PIEVERSE-USDT+0.0432%4h1.8028+0.239%$7.1Mas long as short
MEXC PIEVERSE_USDT+0.0460%4h1.8035+0.278%$2.4M$843K20xas long as short
Binance PIEVERSEUSDT+0.0463%4h1.8027+0.234%$21.4M$27.3M20xas long as short
edgeX PIEVERSEUSDC+0.0463%4h1.8015+0.169%$37K$434K10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended PIEVERSE-USD+0.0464%1h1.8025+0.223%$39K$242K5xas long as short
Aster PIEVERSEUSDT+0.0573%4h1.8015+0.168%$165K$257K5xas long as short
KuCoin PIEVERSEUSDTM+0.0732%4h1.8019+0.190%$13.7M$2.5M20xas long as short