Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0389%/8h= −42.5% APRpaid last 24h −0.161%

Price spread now: Gate against Binance−0.154%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.571%−$57 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.154%, 7d avg −0.129%

Together, before fees−0.531%−$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.025% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.129%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIEVERSEUSDT	1.8204	0.0489	pay 0.0244% / 4h	2h 13m	$21.5M	$27.2M	20x
Short	Gate PIEVERSE_USDT	1.8176	0.0100	get 0.0100% / 8h	2h 13m	$8.3M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.154%Rate

Funding earned: −$81.6
Price spread: −0.154% → −0.129%: −$2.5
Slippage, 4 orders: −$87.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$196.96
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from Binance: live order book, 13 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 Binance live order book, 13 min ago	0.28 bp	23.7 bp −$24	214.6 bp −$2,146	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.39 bp	33.0 bp −$33	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	1.8189	−0.080%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8176	−0.154%	$8.3M	$3.4M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8221	+0.093%	$48K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8211	+0.038%	$1K	$698K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0172%	4h	1.8214	+0.057%	$3.9M	$2.1M	10x	as long as short
edgeX PIEVERSEUSDC	+0.0462%	4h	1.8238	+0.184%	$37K	$434K	10x	as long as short
Extended PIEVERSE-USD	+0.0488%	1h	1.8198	−0.035%	$39K	$209K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0488%	4h	1.8206	+0.011%	$2.6M	$823K	20x	as long as short
Binance PIEVERSEUSDTlong	+0.0489%	4h	1.8204	long leg	$21.5M	$27.2M	20x
BloFin PIEVERSE-USDT	+0.0502%	4h	1.8261	+0.313%	$1.1M	$2.3M	40x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIEVERSE-USDT	+0.0582%	4h	1.8203	−0.005%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0622%	4h	1.8214	+0.055%	$7.2M	$17.7M	20x	as long as short
Aster PIEVERSEUSDT	+0.0704%	4h	1.8192	−0.066%	$169K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0860%	4h	1.8205	+0.004%	$13.9M	$2.4M	20x	as long as short