Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0736%/8h= −80.6% APRpaid last 24h −0.182%

Price spread now: Gate against KuCoin−0.173%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.759%−$76 on $10k

Price spread, last 7 days+0.180%+$18 · spread now −0.173%, 7d avg −0.067%

Together, before fees−0.578%−$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Gate is 0.107% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8103	0.0836	pay 0.0418% / 4h	1h 29m	$13.8M	$2.4M	20x
Short	Gate PIEVERSE_USDT	1.8072	0.0100	get 0.0100% / 8h	5h 29m	$8.2M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.173%Rate

Funding earned: −$154.56
Price spread: −0.173% → −0.067%: −$10.67
Slippage, 4 orders: −$80.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$272.97
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Gate: live order book, 4 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 KuCoin live order book, 10 min ago	4.91 bp	24.0 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.71 bp	25.5 bp −$25	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
Bybit PIEVERSEUSDT	+0.0100%	4h	1.8068	−0.195%	$10.7M	$10.7M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8072	−0.173%	$8.2M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8104	+0.006%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8088	−0.086%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8070	−0.184%	$2K	$672K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0412%	4h	1.8100	−0.019%	$7.2M	$17.7M	20x	as long as short
BingX PIEVERSE-USDT	+0.0464%	4h	1.8089	−0.080%	—	$7.1M	—	as long as short
edgeX PIEVERSEUSDC	+0.0483%	4h	1.8070	−0.183%	$37K	$433K	10x	as long as short
Binance PIEVERSEUSDT	+0.0486%	4h	1.8091	−0.068%	$21.4M	$27.0M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0486%	4h	1.8102	−0.008%	$2.5M	$844K	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	+0.0488%	1h	1.8091	−0.066%	$39K	$249K	5x	as long as short
BloFin PIEVERSE-USDT	+0.0529%	4h	1.8104	+0.003%	$1.1M	$2.3M	40x	as long as short
Aster PIEVERSEUSDT	+0.0652%	4h	1.8090	−0.073%	$164K	$257K	5x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0836%	4h	1.8103	long leg	$13.8M	$2.4M	20x