Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0454%/8h= +49.7% APRpaid last 24h +0.145%

Price spread now: MEXC against Gate+0.199%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.534%+$53 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.199%, 7d avg +0.126%

Together, before fees+0.372%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and MEXC is 0.074% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.8549	0.0100	pay 0.0100% / 8h	7m 06s	$8.4M	$3.8M	25x
Short	MEXC PIEVERSE_USDT	1.8586	0.0554	get 0.0277% / 4h	7m 06s	$2.5M	$883K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.199%Rate

Funding earned: $95.34
Price spread: +0.199% → +0.126%: $7.38
Slippage, 4 orders: −$60.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: $23.22
Costs to cover: 0.795%
Break-even: 5.3 days

Slippage from Gate: live order book, 1 min ago; MEXC: 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, 1 min ago	5.67 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.81 bp	9.9 bp −$10	69.4 bp −$694	429.3 bp −$42.9K	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	1.8549	long leg	$8.4M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8643	+0.506%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8559	+0.054%	$2K	$682K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0278%	4h	1.8593	+0.236%	$4.0M	$2.9M	10x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0280%	4h	1.8591	+0.226%	$7.4M	$21.6M	20x	as long as short
Bybit PIEVERSEUSDT	+0.0432%	4h	1.8597	+0.257%	$11.2M	$12.3M	20x	as long as short
BingX PIEVERSE-USDT	+0.0532%	4h	1.8620	+0.383%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0533%	4h	1.8586	+0.199%	$1.1M	$2.5M	40x	as long as short
Extended PIEVERSE-USD	+0.0552%	1h	1.8618	+0.371%	$42K	$160K	5x	as long as short
MEXC PIEVERSE_USDTshort	+0.0554%	4h	1.8586	+0.199%	$2.5M	$883K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0555%	4h	1.8604	+0.296%	$22.1M	$31.2M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0566%	4h	1.8577	+0.150%	$38K	$442K	10x	as long as short
Aster PIEVERSEUSDT	+0.0598%	4h	1.8564	+0.079%	$172K	$291K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0716%	4h	1.8595	+0.247%	$14.1M	$2.9M	20x	as long as short