Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.055%

Price spread now: Bitget against Gate+0.201%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days−0.188%−$19 · spread now +0.201%, 7d avg +0.126%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.075% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.126%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment. 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	Gate PIEVERSE_USDT	1.8344	0.0100	pay 0.0100% / 8h	51m 09s	$8.3M	$3.8M	25x
Short	Bitget PIEVERSEUSDT	1.8381	0.0294	get 0.0147% / 4h	51m 09s	$4.0M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.201%Rate

Funding earned: $40.74
Price spread: +0.201% → +0.126%: $7.54
Slippage, 4 orders: −$75.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$53.73
Costs to cover: 1.020%
Break-even: 16.2 days

Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 2 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 Gate live order book, 2 min ago	2.98 bp	23.6 bp −$24	3439.5 bp −$34.4K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.77 bp	20.7 bp −$21	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
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.8344	long leg	$8.3M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8364	+0.109%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8347	+0.016%	$1K	$673K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0210%	4h	1.8400	+0.305%	$7.3M	$21.5M	20x	as long as short
Bitget PIEVERSEUSDTshort	+0.0294%	4h	1.8381	+0.201%	$4.0M	$2.9M	10x
Bybit PIEVERSEUSDT	+0.0496%	4h	1.8370	+0.141%	$11.1M	$12.3M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0551%	4h	1.8372	+0.153%	$1.1M	$2.5M	40x	as long as short
BingX PIEVERSE-USDT	+0.0552%	4h	1.8379	+0.191%	—	$7.2M	—	as long as short
edgeX PIEVERSEUSDC	+0.0581%	4h	1.8398	+0.295%	$38K	$441K	10x	as long as short
Extended PIEVERSE-USD	+0.0584%	1h	1.8367	+0.125%	$41K	$160K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIEVERSE_USDT	+0.0584%	4h	1.8374	+0.164%	$2.5M	$873K	20x	as long as short
Binance PIEVERSEUSDT	+0.0585%	4h	1.8374	+0.163%	$21.8M	$31.1M	20x	as long as short
Aster PIEVERSEUSDT	+0.0612%	4h	1.8360	+0.087%	$170K	$292K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0688%	4h	1.8381	+0.204%	$13.9M	$2.9M	20x	as long as short