Funding you earn now, next payment 04:00 UTC−0.0369%/8h= −40.4% APRnext payment −$1.85 per $10,000 · paid last 24h −0.029%
Price spread now: Bitget against OKX+0.099%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1001.002% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.099%, 7d avg +0.065%
=The price spread pays, funding is against you. Bitget is 0.034% dearer against OKX than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.065%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% 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 | OKX PIEVERSE-USDT-SWAP | 1.8393 | 0.0469 | pay 0.0235% / 4h | 30m 15s | $7.3M | $17.9M | 20x |
| Short | Bitget PIEVERSEUSDT | 1.8411 | 0.0100 | get 0.0050% / 4h | 30m 15s | $4.0M | $2.2M | 10x |
OKX PIEVERSE-USDT-SWAP
Bitget PIEVERSEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$77.52
- Price spread: +0.099% → +0.065%
- $3.41
- Slippage, 4 orders
- −$78.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$174.28
- Costs to cover
- 1.002%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: 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 OKX live order book, 3 min ago | 0.54 bp | 24.1 bp −$24 | 151.9 bp −$1,519 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.69 bp | 30.1 bp −$30 | doesn't fit | 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 PIEVERSEUSDT | +0.0100% | 4h | 1.8386 | −0.037% | $10.9M | $10.6M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8398 | +0.027% | $8.4M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDTshort | +0.0100% | 4h | 1.8411 | +0.099% | $4.0M | $2.2M | 10x | |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8428 | +0.192% | $49K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8425 | +0.174% | $2K | $677K | 20x | as long as short |
| BingX PIEVERSE-USDT | +0.0446% | 4h | 1.8400 | +0.038% | — | $7.1M | — | as long as short |
| edgeX PIEVERSEUSDC | +0.0450% | 4h | 1.8394 | +0.005% | $38K | $434K | 10x | as long as short |
| OKX PIEVERSE-USDT-SWAPlong | +0.0469% | 4h | 1.8393 | long leg | $7.3M | $17.9M | 20x | |
| Extended PIEVERSE-USD | +0.0472% | 1h | 1.8423 | +0.162% | $42K | $252K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0474% | 4h | 1.8407 | +0.076% | $2.6M | $847K | 20x | as long as short |
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
BingX PIEVERSE-USDT
edgeX PIEVERSEUSDC
Extended PIEVERSE-USD
MEXC PIEVERSE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PIEVERSEUSDT | +0.0475% | 4h | 1.8403 | +0.056% | $21.8M | $27.0M | 20x | as long as short |
| BloFin PIEVERSE-USDT | +0.0504% | 4h | 1.8449 | +0.304% | $1.1M | $2.4M | 40x | as long as short |
| Aster PIEVERSEUSDT | +0.0754% | 4h | 1.8447 | +0.294% | $168K | $246K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0892% | 4h | 1.8417 | +0.128% | $14.0M | $2.4M | 20x | as long as short |
Binance PIEVERSEUSDT
BloFin PIEVERSE-USDT
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM