Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0650%/8h= −71.2% APRpaid last 24h −0.183%

Price spread now: Gate against KuCoin−0.186%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1131.125% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.760%−$76 on $10k

Price spread, last 7 days+0.199%+$20 · spread now −0.186%, 7d avg −0.065%

Together, before fees−0.561%−$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Gate is 0.121% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8394	0.0750	pay 0.0375% / 4h	3h 38m	$14.0M	$3.0M	20x
Short	Gate PIEVERSE_USDT	1.8360	0.0100	get 0.0100% / 8h	7h 38m	$8.3M	$3.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.186%Rate

Funding earned: −$136.5
Price spread: −0.186% → −0.065%: −$12.14
Slippage, 4 orders: −$85.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$261.14
Costs to cover: 1.125%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Gate: live order book, 5 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, 10 min ago	9.72 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.60 bp	26.7 bp −$27	298.7 bp −$2,987	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
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8360	−0.186%	$8.3M	$3.5M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8435	+0.222%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8377	−0.094%	$1K	$688K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0216%	4h	1.8377	−0.094%	$4.0M	$2.9M	10x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0319%	4h	1.8355	−0.214%	$7.3M	$21.1M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0543%	4h	1.8437	+0.233%	$38K	$443K	10x	as long as short
Binance PIEVERSEUSDT	+0.0571%	4h	1.8385	−0.052%	$21.9M	$31.0M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0572%	4h	1.8384	−0.056%	$2.5M	$876K	20x	as long as short
Extended PIEVERSE-USD	+0.0576%	1h	1.8390	−0.025%	$44K	$203K	5x	as long as short
BloFin PIEVERSE-USDT	+0.0598%	4h	1.8384	−0.056%	$1.1M	$2.4M	40x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PIEVERSEUSDT	+0.0610%	4h	1.8393	−0.007%	$170K	$290K	5x	as long as short
BingX PIEVERSE-USDT	+0.0638%	4h	1.8387	−0.040%	—	$7.2M	—	as long as short
Bybit PIEVERSEUSDT	+0.0741%	4h	1.8383	−0.063%	$11.1M	$12.1M	20x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0750%	4h	1.8394	long leg	$14.0M	$3.0M	20x