Settings8H · net · $10k
Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.49 per $10,000 · paid last 24h −0.063%
Price spread now: BingX against BloFin+0.188%81s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$990.986% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.218%−$22 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.188%, 7d avg −0.033%
Together, before fees−0.274%−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.221% dearer against BloFin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PIEVERSE-USDT1.80610.0494pay 0.0247% / 4h1h 01m$1.1M$2.3M40x
ShortBingX PIEVERSE-USDT1.80950.0592get 0.0296% / 4h1h 01m$7.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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

Funding earned
$20.51
Price spread: +0.188% → −0.033%
$22.11
Slippage, 4 orders
−$76.59
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$55.97
Costs to cover
0.986%
Break-even
26.1 days
Slippage from BloFin: live order book, 6 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago0.28 bp23.2 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago3.88 bp28.4 bp −$28102.5 bp −$1,025921.2 bp −$92.1K1244.0 bp −$622.0K

PIEVERSE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PIEVERSEUSDT+0.0100%4h1.8066+0.027%$10.8M$10.7M20xas long as short
Gate PIEVERSE_USDT+0.0100%8h1.8051−0.055%$8.3M$3.4M25xas long as short
Variational Omni PIEVERSE+0.0100%4h1.8025−0.197%$47K$12Kas long as short
SunX PIEVERSE-USDT+0.0100%4h1.8048−0.072%$2K$713K20xas long as short
Bitget PIEVERSEUSDT+0.0174%4h1.8080+0.107%$3.9M$2.2M10xas long as short
BloFin PIEVERSE-USDTlong+0.0494%4h1.8061long leg$1.1M$2.3M40x
edgeX PIEVERSEUSDC+0.0525%4h1.8050−0.062%$37K$434K10xas long as short
Extended PIEVERSE-USD+0.0528%1h1.8066+0.030%$43K$205K5xas long as short
MEXC PIEVERSE_USDT+0.0530%4h1.8079+0.100%$2.5M$826K20xas long as short
Binance PIEVERSEUSDT+0.0530%4h1.8088+0.151%$21.4M$27.4M20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PIEVERSE-USDTshort+0.0592%4h1.8095+0.188%$7.1M
OKX PIEVERSE-USDT-SWAP+0.0621%4h1.8093+0.177%$7.2M$17.5M20xas long as short
Aster PIEVERSEUSDT+0.0692%4h1.8074+0.074%$168K$239K5xas long as short
KuCoin PIEVERSEUSDTM+0.0830%4h1.8056−0.028%$13.8M$2.4M20xas long as short