Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0768%/8h= +84.1% APRpaid last 24h +0.182%

Price spread now: KuCoin against Gate+0.103%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.759%+$76 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.103%, 7d avg +0.067%

Together, before fees+0.649%+$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and KuCoin is 0.036% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.8179	0.0100	pay 0.0100% / 8h	4h 49m	$8.3M	$3.4M	25x
Short	KuCoin PIEVERSEUSDTM	1.8198	0.0868	get 0.0434% / 4h	49m 34s	$13.8M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.103%Rate

Funding earned: $161.28
Price spread: +0.103% → +0.067%: $3.6
Slippage, 4 orders: −$85.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $52.09
Costs to cover: 1.128%
Break-even: 4.7 days

Slippage from Gate: live order book, 4 min ago; KuCoin: 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, 4 min ago	5.78 bp	33.0 bp −$33	3633.7 bp −$36.3K	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	10.07 bp	28.0 bp −$28	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	1.8178	−0.004%	$10.8M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.8179	long leg	$8.3M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8198	+0.105%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8210	+0.172%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8182	+0.017%	$1K	$676K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0422%	4h	1.8189	+0.055%	$7.2M	$17.8M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0436%	4h	1.8205	+0.143%	$1.1M	$2.3M	40x	as long as short
BingX PIEVERSE-USDT	+0.0444%	4h	1.8189	+0.055%	—	$7.1M	—	as long as short
Binance PIEVERSEUSDT	+0.0454%	4h	1.8187	+0.042%	$21.6M	$27.0M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0454%	4h	1.8190	+0.061%	$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
Extended PIEVERSE-USD	+0.0456%	1h	1.8185	+0.031%	$41K	$248K	5x	as long as short
edgeX PIEVERSEUSDC	+0.0463%	4h	1.8208	+0.159%	$37K	$433K	10x	as long as short
Aster PIEVERSEUSDT	+0.0697%	4h	1.8180	+0.006%	$166K	$249K	5x	as long as short
KuCoin PIEVERSEUSDTMshort	+0.0868%	4h	1.8198	+0.103%	$13.8M	$2.4M	20x