Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.083%

Price spread now: OKX against Gate+0.296%7-day average +0.064% · 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−$80as in the Price arb table

costs, in and out, $10k−$1041.037% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.324%−$32 · spread now +0.296%, 7d avg +0.064%

Together, before fees−0.275%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.232% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.064%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.7933	0.0100	pay 0.0100% / 8h	5h 42m	$8.2M	$3.4M	25x
Short	OKX PIEVERSE-USDT-SWAP	1.7986	0.0376	get 0.0188% / 4h	1h 42m	$7.1M	$17.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.296%Rate

Funding earned: $57.96
Price spread: +0.296% → +0.064%: $23.18
Slippage, 4 orders: −$78.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.52
Costs to cover: 1.037%
Break-even: 9.7 days

Slippage from Gate: live order book, 1 min ago; OKX: 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	4.18 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.62 bp	21.9 bp −$22	129.4 bp −$1,294	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	1.7950	+0.095%	$10.7M	$10.7M	20x	as long as short
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.7933	long leg	$8.2M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.7977	+0.248%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.7929	−0.023%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.7921	−0.067%	$1K	$671K	20x	as long as short
OKX PIEVERSE-USDT-SWAPshort	+0.0376%	4h	1.7986	+0.296%	$7.1M	$17.8M	20x
BingX PIEVERSE-USDT	+0.0438%	4h	1.7964	+0.173%	—	$7.1M	—	as long as short
BloFin PIEVERSE-USDT	+0.0451%	4h	1.7963	+0.167%	$1.1M	$2.3M	40x	as long as short
MEXC PIEVERSE_USDT	+0.0470%	4h	1.7973	+0.223%	$2.4M	$824K	20x	as long as short
Binance PIEVERSEUSDT	+0.0471%	4h	1.7964	+0.173%	$21.3M	$27.1M	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	+0.0472%	1h	1.7971	+0.213%	$42K	$245K	5x	as long as short
edgeX PIEVERSEUSDC	+0.0485%	4h	1.7941	+0.046%	$37K	$434K	10x	as long as short
Aster PIEVERSEUSDT	+0.0605%	4h	1.7945	+0.067%	$165K	$255K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0778%	4h	1.7936	+0.018%	$13.6M	$2.4M	20x	as long as short