Funding you earn now, next payment 12:00 UTC−0.0436%/8h= −47.8% APRnext payment −$2.18 per $10,000 · paid last 24h +0.079%
Price spread now: Binance against Bybit−0.020%7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1621.624% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 7 days+0.154%+$15 · spread now −0.020%, 7d avg +0.089%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Binance is 0.108% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.271%, 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 0.271% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.18 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 | Bybit PIEVERSEUSDT | 1.8296 | 0.0887 | pay 0.0444% / 4h | 3h 35m | $11.0M | $9.9M | 20x |
| Short | Binance PIEVERSEUSDT | 1.8292 | 0.0451 | get 0.0226% / 4h | 3h 35m | $21.7M | $26.0M | 20x |
Bybit PIEVERSEUSDT
Binance PIEVERSEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$91.61
- Price spread: −0.020% → +0.089%
- −$10.84
- Slippage, 4 orders
- −$141.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$264.88
- Costs to cover
- 1.624%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: 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 Bybit live order book, 2 min ago | 3.02 bp | 53.7 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.27 bp | 27.9 bp −$28 | 171.0 bp −$1,710 | 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 | 1.8265 | −0.169% | $8.4M | $3.2M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8330 | +0.188% | $4.0M | $2.0M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8255 | −0.224% | $47K | $12K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8221 | −0.410% | $2K | $713K | 20x | as long as short |
| BloFin PIEVERSE-USDT | +0.0396% | 4h | 1.8252 | −0.240% | $1.1M | $2.3M | 40x | as long as short |
| edgeX PIEVERSEUSDC | +0.0438% | 4h | 1.8237 | −0.324% | $37K | $434K | 10x | as long as short |
| Extended PIEVERSE-USD | +0.0448% | 1h | 1.8322 | +0.140% | $45K | $261K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0450% | 4h | 1.8293 | −0.016% | $2.6M | $799K | 20x | as long as short |
| Binance PIEVERSEUSDTshort | +0.0451% | 4h | 1.8292 | −0.020% | $21.7M | $26.0M | 20x | |
| OKX PIEVERSE-USDT-SWAP | +0.0522% | 4h | 1.8309 | +0.071% | $7.2M | $16.4M | 20x | as long as short |
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
BloFin PIEVERSE-USDT
edgeX PIEVERSEUSDC
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
OKX PIEVERSE-USDT-SWAPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PIEVERSEUSDT | +0.0549% | 4h | 1.8280 | −0.087% | $171K | $211K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0740% | 4h | 1.8300 | +0.021% | $14.0M | $2.3M | 20x | as long as short |
| BingX PIEVERSE-USDT | +0.0754% | 4h | 1.8330 | +0.186% | — | $7.1M | — | as long as short |
| Bybit PIEVERSEUSDTlong | +0.0887% | 4h | 1.8296 | long leg | $11.0M | $9.9M | 20x |
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM
BingX PIEVERSE-USDT