Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0374%/8h= −41.0% APRpaid last 24h −0.162%

Price spread now: Gate against MEXC−0.171%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.572%−$57 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.171%, 7d avg −0.129%

Together, before fees−0.536%−$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.042% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.129%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIEVERSE_USDT	1.8155	0.0474	pay 0.0237% / 4h	2h 28m	$2.5M	$818K	20x
Short	Gate PIEVERSE_USDT	1.8124	0.0100	get 0.0100% / 8h	2h 28m	$8.3M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.171%Rate

Funding earned: −$78.54
Price spread: −0.171% → −0.129%: −$4.2
Slippage, 4 orders: −$74.02
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$175.76
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: 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 MEXC live order book, 3 min ago	1.65 bp	20.7 bp −$21	78.4 bp −$784	543.9 bp −$54.4K	doesn't fit
Sell Gate live order book, 5 min ago	6.62 bp	34.6 bp −$35	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	1.8141	−0.075%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8124	−0.171%	$8.3M	$3.4M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8141	−0.076%	$48K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8156	+0.006%	$1K	$696K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0156%	4h	1.8156	+0.007%	$3.9M	$2.1M	10x	as long as short
BloFin PIEVERSE-USDT	+0.0447%	4h	1.8176	+0.116%	$1.1M	$2.3M	40x	as long as short
Extended PIEVERSE-USD	+0.0472%	1h	1.8149	−0.031%	$39K	$209K	5x	as long as short
MEXC PIEVERSE_USDTlong	+0.0474%	4h	1.8155	long leg	$2.5M	$818K	20x
Binance PIEVERSEUSDT	+0.0475%	4h	1.8142	−0.072%	$21.4M	$27.1M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0477%	4h	1.8153	−0.010%	$37K	$433K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIEVERSE-USDT	+0.0546%	4h	1.8141	−0.077%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0590%	4h	1.8140	−0.083%	$7.2M	$17.6M	20x	as long as short
Aster PIEVERSEUSDT	+0.0703%	4h	1.8145	−0.055%	$168K	$241K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0846%	4h	1.8157	+0.010%	$13.8M	$2.4M	20x	as long as short