Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0279%/8h= −30.5% APRpaid last 24h −0.083%

Price spread now: Gate against OKX−0.173%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days+0.219%+$22 · spread now −0.173%, 7d avg −0.062%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.110% cheaper against OKX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment. 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	1.7971	0.0379	pay 0.0189% / 4h	2h 07m	$7.1M	$17.9M	20x
Short	Gate PIEVERSE_USDT	1.7940	0.0100	get 0.0100% / 8h	6h 07m	$8.2M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.173%Rate

Funding earned: −$58.52
Price spread: −0.173% → −0.062%: −$11.03
Slippage, 4 orders: −$82.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$176.62
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.22 bp	20.2 bp −$20	154.3 bp −$1,543	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.18 bp	34.3 bp −$34	doesn't fit	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	1.7946	−0.139%	$10.7M	$10.8M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.7940	−0.173%	$8.2M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.7967	−0.025%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8018	+0.261%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.7951	−0.111%	$2K	$669K	20x	as long as short
OKX PIEVERSE-USDT-SWAPlong	+0.0379%	4h	1.7971	long leg	$7.1M	$17.9M	20x
BingX PIEVERSE-USDT	+0.0454%	4h	1.7965	−0.033%	—	$7.1M	—	as long as short
edgeX PIEVERSEUSDC	+0.0471%	4h	1.8003	+0.180%	$37K	$431K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0484%	4h	1.7970	−0.006%	$2.4M	$845K	20x	as long as short
Binance PIEVERSEUSDT	+0.0487%	4h	1.7967	−0.022%	$21.3M	$27.2M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0488%	1h	1.7964	−0.037%	$39K	$242K	5x	as long as short
Aster PIEVERSEUSDT	+0.0598%	4h	1.7967	−0.022%	$165K	$257K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0750%	4h	1.7982	+0.060%	$13.7M	$2.5M	20x	as long as short