PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0226%/8h= −24.7% APRnext payment −$1.13 per $10,000 · paid last 24h −0.097%

Price spread now: BingX against KuCoin−0.055%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1181.176% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.447%−$45 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.055%, 7d avg +0.045%

Together, before fees−0.384%−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8223	0.0714	pay 0.0357% / 4h	3h 57m	$13.9M	$2.3M	20x
Short	BingX PIEVERSE-USDT	1.8213	0.0488	get 0.0244% / 4h	3h 57m	—	$7.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$47.46
Price spread: −0.055% → +0.045%: −$10.05
Slippage, 4 orders: −$95.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$175.06
Costs to cover: 1.176%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; BingX: live order book, 10 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 KuCoin live order book, 1 min ago	11.09 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	3.30 bp	29.5 bp −$29	104.6 bp −$1,046	981.0 bp −$98.1K	1314.6 bp −$657.3K

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_USDT	+0.0100%	8h	1.8190	−0.182%	$8.4M	$3.2M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8234	+0.061%	$4.0M	$2.0M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8221	−0.011%	$47K	$12K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8188	−0.193%	$1K	$714K	20x	as long as short
Extended PIEVERSE-USD	+0.0432%	1h	1.8209	−0.078%	$42K	$258K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0432%	4h	1.8217	−0.033%	$2.6M	$795K	20x	as long as short
Binance PIEVERSEUSDT	+0.0433%	4h	1.8213	−0.055%	$21.6M	$26.4M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0441%	4h	1.8207	−0.087%	$37K	$432K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0444%	4h	1.8205	−0.099%	$1.1M	$2.3M	40x	as long as short
BingX PIEVERSE-USDTshort	+0.0488%	4h	1.8213	−0.055%	—	$7.1M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PIEVERSE-USDT-SWAP	+0.0521%	4h	1.8220	−0.017%	$7.2M	$16.6M	20x	as long as short
Aster PIEVERSEUSDT	+0.0568%	4h	1.8193	−0.165%	$170K	$213K	5x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0714%	4h	1.8223	long leg	$13.9M	$2.3M	20x
Bybit PIEVERSEUSDT	+0.1264%	4h	1.8209	−0.077%	$10.9M	$10.1M	20x	as long as short