Funding you earn now, next payment 12:00 UTC+0.0422%/8h= +46.3% APRnext payment +$2.11 per $10,000 · paid last 24h +0.079%
Price spread now: OKX against Bitget+0.009%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 7 days−0.118%−$12 · spread now +0.009%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and OKX is 0.071% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 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 | Bitget PIEVERSEUSDT | 1.8115 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $3.9M | $2.0M | 10x |
| Short | OKX PIEVERSE-USDT-SWAP | 1.8117 | 0.0522 | get 0.0261% / 4h | 2h 53m | $7.2M | $15.6M | 20x |
Bitget PIEVERSEUSDT
OKX PIEVERSE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $88.7
- Price spread: +0.009% → −0.062%
- $7.12
- Slippage, 4 orders
- −$73.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $0.11
- Costs to cover
- 0.957%
- Break-even
- 7.0 days
Slippage from Bitget: live order book, 5 min ago; OKX: 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 Bitget live order book, 5 min ago | 6.08 bp | 26.2 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.83 bp | 22.6 bp −$23 | 116.0 bp −$1,160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8126 | +0.059% | $8.3M | $3.1M | 25x | as long as short |
| Bitget PIEVERSEUSDTlong | +0.0100% | 4h | 1.8115 | long leg | $3.9M | $2.0M | 10x | |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8117 | +0.012% | $47K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8140 | +0.136% | $2K | $710K | 20x | as long as short |
| Bybit PIEVERSEUSDT | +0.0320% | 4h | 1.8108 | −0.040% | $10.9M | $9.6M | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0448% | 1h | 1.8122 | +0.038% | $42K | $257K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0448% | 4h | 1.8123 | +0.043% | $2.5M | $771K | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0450% | 4h | 1.8129 | +0.078% | $37K | $434K | 10x | as long as short |
| Binance PIEVERSEUSDT | +0.0450% | 4h | 1.8119 | +0.020% | $21.5M | $25.3M | 20x | as long as short |
| BloFin PIEVERSE-USDT | +0.0465% | 4h | 1.8128 | +0.070% | $1.1M | $2.2M | 40x | as long as short |
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bybit PIEVERSEUSDT
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
edgeX PIEVERSEUSDC
Binance PIEVERSEUSDT
BloFin PIEVERSE-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PIEVERSEUSDT | +0.0513% | 4h | 1.8128 | +0.072% | $170K | $201K | 5x | as long as short |
| BingX PIEVERSE-USDT | +0.0516% | 4h | 1.8111 | −0.024% | — | $7.0M | — | as long as short |
| OKX PIEVERSE-USDT-SWAPshort | +0.0522% | 4h | 1.8117 | +0.009% | $7.2M | $15.6M | 20x | |
| KuCoin PIEVERSEUSDTM | +0.0752% | 4h | 1.8145 | +0.164% | $13.9M | $2.0M | 20x | as long as short |
Aster PIEVERSEUSDT
BingX PIEVERSE-USDT
KuCoin PIEVERSEUSDTM