Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0301%/8h= +32.9% APRpaid last 24h +0.073%

Price spread now: Bybit against Gate+0.524%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$1281.281% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 7 days−0.669%−$67 · spread now +0.524%, 7d avg +0.032%

Together, before fees−0.383%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.491% dearer against Gate than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.8490	0.0100	pay 0.0100% / 8h	12m 08s	$8.4M	$3.8M	25x
Short	Bybit PIEVERSEUSDT	1.8587	0.0401	get 0.0200% / 4h	12m 08s	$11.1M	$12.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.524%Rate

Funding earned: $63.14
Price spread: +0.524% → +0.032%: $49.12
Slippage, 4 orders: −$102.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.85
Costs to cover: 1.281%
Break-even: 8.8 days

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	4.34 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.06 bp	30.3 bp −$30	234.3 bp −$2,343	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
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.8490	long leg	$8.4M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8467	−0.123%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8509	+0.103%	$2K	$680K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0264%	4h	1.8606	+0.627%	$7.4M	$21.6M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0280%	4h	1.8584	+0.509%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDTshort	+0.0401%	4h	1.8587	+0.524%	$11.1M	$12.3M	20x
BloFin PIEVERSE-USDT	+0.0535%	4h	1.8454	−0.195%	$1.1M	$2.5M	40x	as long as short
BingX PIEVERSE-USDT	+0.0542%	4h	1.8583	+0.503%	—	$7.2M	—	as long as short
Extended PIEVERSE-USD	+0.0560%	1h	1.8533	+0.235%	$42K	$160K	5x	as long as short
Binance PIEVERSEUSDT	+0.0560%	4h	1.8599	+0.589%	$22.1M	$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
MEXC PIEVERSE_USDT	+0.0570%	4h	1.8541	+0.276%	$2.5M	$882K	20x	as long as short
edgeX PIEVERSEUSDC	+0.0574%	4h	1.8520	+0.162%	$38K	$445K	10x	as long as short
Aster PIEVERSEUSDT	+0.0595%	4h	1.8491	+0.003%	$171K	$289K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0718%	4h	1.8534	+0.239%	$14.1M	$2.9M	20x	as long as short