PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0602%/8h= −65.9% APRnext payment −$3.01 per $10,000 · paid last 24h −0.121%

Price spread now: Bybit against KuCoin+0.012%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1671.674% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.487%−$49 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.012%, 7d avg −0.031%

Together, before fees−0.578%−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.042% dearer against KuCoin than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.031%): +$4 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.487% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8211	0.0702	pay 0.0351% / 4h	3h 59m	$13.9M	$2.3M	20x
Short	Bybit PIEVERSEUSDT	1.8213	0.0100	get 0.0050% / 4h	3h 59m	$10.9M	$10.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$126.42
Price spread: +0.012% → −0.031%: $4.21
Slippage, 4 orders: −$144.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$289.61
Costs to cover: 1.674%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 3 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, 9 min ago	11.19 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.57 bp	58.7 bp −$59	319.7 bp −$3,197	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 PIEVERSEUSDTshort	+0.0100%	4h	1.8213	+0.012%	$10.9M	$10.1M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8206	−0.027%	$8.4M	$3.3M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8223	+0.064%	$4.0M	$2.1M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8221	+0.056%	$47K	$12K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8207	−0.021%	$2K	$714K	20x	as long as short
BloFin PIEVERSE-USDT	+0.0395%	4h	1.8239	+0.154%	$1.1M	$2.3M	40x	as long as short
Extended PIEVERSE-USD	+0.0424%	1h	1.8214	+0.018%	$42K	$258K	5x	as long as short
Binance PIEVERSEUSDT	+0.0428%	4h	1.8225	+0.077%	$21.6M	$26.5M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0428%	4h	1.8226	+0.083%	$2.6M	$822K	20x	as long as short
edgeX PIEVERSEUSDC	+0.0433%	4h	1.8219	+0.045%	$37K	$435K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIEVERSE-USDT	+0.0488%	4h	1.8219	+0.044%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0516%	4h	1.8210	−0.005%	$7.2M	$16.7M	20x	as long as short
Aster PIEVERSEUSDT	+0.0556%	4h	1.8203	−0.043%	$170K	$215K	5x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0702%	4h	1.8211	long leg	$13.9M	$2.3M	20x