PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.070%

Price spread now: Bybit against MEXC−0.128%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 7 days−0.053%−$5 · spread now −0.128%, 7d avg −0.092%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.036% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.092%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.249% in total (about -13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 per $10,000. 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	MEXC PIEVERSE_USDT	1.8067	0.0470	pay 0.0235% / 4h	2h 29m	$2.4M	$839K	20x
Short	Bybit PIEVERSEUSDT	1.8044	0.0100	get 0.0050% / 4h	2h 29m	$10.8M	$10.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$77.7
Price spread: −0.128% → −0.092%: −$3.6
Slippage, 4 orders: −$105.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$201.96
Costs to cover: 1.207%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: 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 MEXC live order book, 3 min ago	1.11 bp	11.0 bp −$11	67.2 bp −$672	319.7 bp −$32.0K	doesn't fit
Sell Bybit live order book, 4 min ago	1.66 bp	47.2 bp −$47	256.7 bp −$2,567	doesn't fit	doesn't fit

PIEVERSE on 13 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	1.8044	−0.128%	$10.8M	$10.9M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8039	−0.155%	$8.2M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8072	+0.026%	$3.9M	$2.3M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8038	−0.159%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8044	−0.127%	$1K	$667K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0339%	4h	1.8068	+0.006%	$7.2M	$18.2M	20x	as long as short
BingX PIEVERSE-USDT	+0.0450%	4h	1.8054	−0.072%	—	$7.1M	—	as long as short
MEXC PIEVERSE_USDTlong	+0.0470%	4h	1.8067	long leg	$2.4M	$839K	20x
Extended PIEVERSE-USD	+0.0472%	1h	1.8071	+0.020%	$40K	$245K	5x	as long as short
Binance PIEVERSEUSDT	+0.0478%	4h	1.8054	−0.074%	$21.4M	$27.5M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PIEVERSEUSDC	+0.0489%	4h	1.8042	−0.136%	$37K	$434K	10x	as long as short
Aster PIEVERSEUSDT	+0.0541%	4h	1.8066	−0.006%	$166K	$260K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0732%	4h	1.8080	+0.070%	$13.8M	$2.5M	20x	as long as short