Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.164%

Price spread now: edgeX against Gate+0.502%7-day average +0.225% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$840.844% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.559%+$56 on $10k

Price spread, last 4 days (all we have)+1.259%+$126 · spread now +0.502%, 7d avg +0.225%

Together, before fees+1.818%+ Points / potential airdropedgeX: Active · farm board+$182 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and edgeX is 0.278% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.225%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.8183	0.0100	pay 0.0100% / 8h	4h 53m	$8.3M	$3.4M	25x
Short	edgeX PIEVERSEUSDC	1.8274	0.0488	get 0.0244% / 4h	53m 01s	$37K	$432K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.502%Rate

Funding earned: $81.56
Price spread: +0.502% → +0.225%: $27.76
Slippage, 4 orders: −$60.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $24.9
Costs to cover: 0.844%
Break-even: 4.9 days

Slippage from Gate: live order book, 5 min ago; edgeX: live order book, 6 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	5.16 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 6 min ago	4.61 bp	12.7 bp −$13	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	1.8191	+0.043%	$10.8M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.8183	long leg	$8.3M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8210	+0.148%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8352	+0.929%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8191	+0.044%	$1K	$676K	20x	as long as short
BloFin PIEVERSE-USDT	+0.0417%	4h	1.8228	+0.247%	$1.1M	$2.3M	40x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0424%	4h	1.8214	+0.170%	$7.2M	$17.8M	20x	as long as short
BingX PIEVERSE-USDT	+0.0455%	4h	1.8219	+0.198%	—	$7.1M	—	as long as short
Extended PIEVERSE-USD	+0.0464%	1h	1.8211	+0.152%	$41K	$248K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0466%	4h	1.8194	+0.060%	$2.5M	$844K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0468%	4h	1.8202	+0.103%	$21.6M	$27.0M	20x	as long as short
edgeX PIEVERSEUSDCshort	+0.0488%	4h	1.8274	+0.502%	$37K	$432K	10x
Aster PIEVERSEUSDT	+0.0700%	4h	1.8184	+0.003%	$166K	$251K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0868%	4h	1.8215	+0.178%	$13.8M	$2.4M	20x	as long as short