Funding you earn now, next payment 04:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.55 per $10,000 · paid last 24h +0.081%
Price spread now: Binance against OKX−0.056%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$800.800% of the position
Funding, last 7 days+0.509%+$51 on $10k
+Price spread, last 7 days+0.163%+$16 · spread now −0.056%, 7d avg +0.065%
=Funding pays, the price is against you. Binance is 0.120% cheaper against OKX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.065%). If the spread goes back, that is −$12 on $10k: about 3.7 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.509% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PIEVERSE-USDT-SWAP | 1.7934 | 0.0372 | pay 0.0186% / 4h | 2h 05m | $7.1M | $17.8M | 20x |
| Short | Binance PIEVERSEUSDT | 1.7924 | 0.0481 | get 0.0240% / 4h | 2h 05m | $21.3M | $27.2M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.9
- Price spread: −0.056% → +0.065%
- −$12.03
- Slippage, 4 orders
- −$59.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$69.13
- Costs to cover
- 0.800%
- Break-even
- 28.1 days
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 6 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 OKX live order book, 3 min ago | 2.22 bp | 20.2 bp −$20 | 154.3 bp −$1,543 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.28 bp | 22.2 bp −$22 | 129.7 bp −$1,297 | 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 PIEVERSEUSDT | +0.0100% | 4h | 1.7918 | −0.089% | $10.7M | $10.8M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.7907 | −0.151% | $8.2M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.7941 | +0.040% | $3.9M | $2.2M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.7880 | −0.302% | $48K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.7896 | −0.212% | $2K | $669K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAPlong | +0.0372% | 4h | 1.7934 | long leg | $7.1M | $17.8M | 20x | |
| BingX PIEVERSE-USDT | +0.0460% | 4h | 1.7925 | −0.050% | — | $7.1M | — | as long as short |
| edgeX PIEVERSEUSDC | +0.0471% | 4h | 1.7968 | +0.192% | $37K | $432K | 10x | as long as short |
| Extended PIEVERSE-USD | +0.0480% | 1h | 1.7921 | −0.073% | $39K | $242K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0480% | 4h | 1.7934 | 0.000% | $2.4M | $845K | 20x | as long as short |
Show all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PIEVERSEUSDTshort | +0.0481% | 4h | 1.7924 | −0.056% | $21.3M | $27.2M | 20x | |
| Aster PIEVERSEUSDT | +0.0583% | 4h | 1.7909 | −0.141% | $164K | $256K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0746% | 4h | 1.7947 | +0.070% | $13.6M | $2.5M | 20x | as long as short |
OKX PIEVERSE-USDT-SWAP
Binance PIEVERSEUSDT
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
BingX PIEVERSE-USDT
edgeX PIEVERSEUSDC
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM