Funding you earn now, next payment 00:00 UTC+0.0475%/8h= +52.0% APRnext payment +$2.38 per $10,000 · paid last 24h +0.072%
Price spread now: Binance against OKX+0.036%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$900.897% of the position
Funding, last 7 days+0.495%+$50 on $10k
+Price spread, last 7 days+0.088%+$9 · spread now +0.036%, 7d avg +0.067%
=Funding pays, the price is against you. Binance is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.067%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.495% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PIEVERSE-USDT-SWAP | 1.8392 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $7.3M | $21.5M | 20x |
| Short | Binance PIEVERSEUSDT | 1.8399 | 0.0575 | get 0.0288% / 4h | 1h 58m | $21.9M | $31.2M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $99.81
- Price spread: +0.036% → +0.067%
- −$3.1
- Slippage, 4 orders
- −$69.68
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $7.02
- Costs to cover
- 0.897%
- Break-even
- 6.5 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 13 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 OKX live order book, 5 min ago | 0.54 bp | 23.4 bp −$23 | 157.5 bp −$1,575 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.54 bp | 22.8 bp −$23 | 135.2 bp −$1,352 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX PIEVERSE-USDT-SWAPlong | +0.0100% | 4h | 1.8392 | long leg | $7.3M | $21.5M | 20x | |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8374 | −0.098% | $8.3M | $3.8M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8368 | −0.132% | $49K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8342 | −0.272% | $2K | $664K | 20x | as long as short |
| Bitget PIEVERSEUSDT | +0.0246% | 4h | 1.8388 | −0.022% | $4.0M | $2.9M | 10x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0536% | 4h | 1.8390 | −0.010% | $13.8M | $2.9M | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0564% | 4h | 1.8395 | +0.015% | $38K | $440K | 10x | as long as short |
| Bybit PIEVERSEUSDT | +0.0573% | 4h | 1.8374 | −0.096% | $11.1M | $12.1M | 20x | as long as short |
| Binance PIEVERSEUSDTshort | +0.0575% | 4h | 1.8399 | +0.036% | $21.9M | $31.2M | 20x | |
| Aster PIEVERSEUSDT | +0.0577% | 4h | 1.8379 | −0.071% | $172K | $292K | 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 | +0.0582% | 4h | 1.8394 | +0.011% | $2.5M | $872K | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0584% | 1h | 1.8386 | −0.031% | $41K | $160K | 5x | as long as short |
| BloFin PIEVERSE-USDT | +0.0609% | 4h | 1.8384 | −0.043% | $1.1M | $2.5M | 40x | as long as short |
| BingX PIEVERSE-USDT | +0.0632% | 4h | 1.8396 | +0.022% | — | $7.2M | — | as long as short |
OKX PIEVERSE-USDT-SWAP
Binance PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bitget PIEVERSEUSDT
KuCoin PIEVERSEUSDTM
edgeX PIEVERSEUSDC
Bybit PIEVERSEUSDT
Aster PIEVERSEUSDT
MEXC PIEVERSE_USDT
Extended PIEVERSE-USD
BloFin PIEVERSE-USDT
BingX PIEVERSE-USDT