Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.073%

Price spread now: Gate against Bybit+0.098%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1521.517% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.098%, 7d avg −0.031%

Together, before fees−0.245%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.130% dearer against Bybit than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.031%): +$13 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.287% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIEVERSEUSDT	1.8289	0.0432	pay 0.0216% / 4h	1h 20m	$11.0M	$12.2M	20x
Short	Gate PIEVERSE_USDT	1.8307	0.0100	get 0.0100% / 8h	1h 20m	$8.3M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.098%Rate

Funding earned: −$69.73
Price spread: +0.098% → −0.031%: $12.98
Slippage, 4 orders: −$125.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$208.45
Costs to cover: 1.517%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.81 bp	47.4 bp −$47	262.9 bp −$2,629	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.08 bp	28.9 bp −$29	267.3 bp −$2,673	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_USDTshort	+0.0100%	8h	1.8307	+0.098%	$8.3M	$3.9M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8225	−0.349%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8334	+0.246%	$2K	$670K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0135%	4h	1.8295	+0.033%	$7.3M	$21.3M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0280%	4h	1.8315	+0.142%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDTlong	+0.0432%	4h	1.8289	long leg	$11.0M	$12.2M	20x
BingX PIEVERSE-USDT	+0.0566%	4h	1.8305	+0.087%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0571%	4h	1.8351	+0.339%	$1.1M	$2.5M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0580%	4h	1.8266	−0.125%	$38K	$439K	10x	as long as short
Binance PIEVERSEUSDT	+0.0597%	4h	1.8299	+0.055%	$21.8M	$31.1M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0600%	1h	1.8305	+0.087%	$41K	$160K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0600%	4h	1.8330	+0.224%	$2.5M	$879K	20x	as long as short
Aster PIEVERSEUSDT	+0.0608%	4h	1.8311	+0.120%	$170K	$293K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0612%	4h	1.8361	+0.396%	$13.9M	$2.9M	20x	as long as short