Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0318%/8h= +34.8% APRpaid last 24h +0.145%

Price spread now: BloFin against Gate+0.171%78s7-day average +0.216% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as 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−$1181.181% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.568%+$57 on $10k

Price spread, last 4 days (all we have)−0.765%−$77 · spread now +0.171%, 7d avg +0.216%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.045% cheaper against Gate than usual: you would sell low and buy high (spread +0.171% now, against its 7-day average of +0.216%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$10 a day). The two prices were read 78 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	Gate PIEVERSE_USDT	1.8160	0.0100	pay 0.0100% / 8h	6h 21m	$8.3M	$3.1M	25x
Short	BloFin PIEVERSE-USDT	1.8191	0.0418	get 0.0209% / 4h	2h 21m	$1.1M	$2.2M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.171%Rate

Funding earned: $66.77
Price spread: +0.171% → +0.216%: −$4.55
Slippage, 4 orders: −$91.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$55.86
Costs to cover: 1.181%
Break-even: 12.9 days

Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago	3.59 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.28 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit

PIEVERSE on 14 exchanges

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	1.8160	long leg	$8.3M	$3.1M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8180	+0.108%	$4.0M	$1.9M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8113	−0.257%	$47K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8159	−0.006%	$1K	$711K	20x	as long as short
Bybit PIEVERSEUSDT	+0.0102%	4h	1.8163	+0.017%	$10.8M	$9.5M	20x	as long as short
BloFin PIEVERSE-USDTshort	+0.0418%	4h	1.8191	+0.171%	$1.1M	$2.2M	40x
BingX PIEVERSE-USDT	+0.0420%	4h	1.8174	+0.077%	—	$7.0M	—	as long as short
Extended PIEVERSE-USD	+0.0432%	1h	1.8169	+0.047%	$42K	$252K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0434%	4h	1.8183	+0.127%	$2.5M	$776K	20x	as long as short
Binance PIEVERSEUSDT	+0.0436%	4h	1.8183	+0.127%	$21.5M	$24.9M	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PIEVERSEUSDC	+0.0439%	4h	1.8133	−0.151%	$37K	$434K	10x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0442%	4h	1.8176	+0.088%	$7.2M	$15.4M	20x	as long as short
Aster PIEVERSEUSDT	+0.0470%	4h	1.8163	+0.017%	$172K	$200K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0800%	4h	1.8165	+0.029%	$13.9M	$2.0M	20x	as long as short