Funding you earn now, next payment 12:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.102%
Price spread now: Gate against OKX−0.165%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1071.073% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 7 days+0.170%+$17 · spread now −0.165%, 7d avg −0.072%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.093% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PIEVERSE-USDT-SWAP | 1.8201 | 0.0428 | pay 0.0214% / 4h | 1h 57m | $7.2M | $15.0M | 20x |
| Short | Gate PIEVERSE_USDT | 1.8171 | 0.0100 | get 0.0100% / 8h | 5h 57m | $8.4M | $2.9M | 25x |
OKX PIEVERSE-USDT-SWAP
Gate PIEVERSE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$68.78
- Price spread: −0.165% → −0.072%
- −$9.3
- Slippage, 4 orders
- −$82.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$185.36
- Costs to cover
- 1.073%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago | 1.37 bp | 19.9 bp −$20 | 160.2 bp −$1,602 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.75 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
PIEVERSE on 14 exchanges
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 | 1.8190 | −0.062% | $10.9M | $9.3M | 20x | as long as short |
| Gate PIEVERSE_USDTshort | +0.0100% | 8h | 1.8171 | −0.165% | $8.4M | $2.9M | 25x | |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8210 | +0.051% | $4.0M | $1.9M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8195 | −0.034% | $47K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8161 | −0.220% | $2K | $711K | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0385% | 4h | 1.8176 | −0.138% | $173K | $195K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0404% | 4h | 1.8203 | +0.011% | $2.5M | $757K | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0406% | 4h | 1.8210 | +0.049% | $21.6M | $24.5M | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0408% | 1h | 1.8198 | −0.014% | $42K | $257K | 5x | as long as short |
| BingX PIEVERSE-USDT | +0.0410% | 4h | 1.8210 | +0.049% | — | $7.0M | — | as long as short |
Bybit PIEVERSEUSDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Aster PIEVERSEUSDT
MEXC PIEVERSE_USDT
Binance PIEVERSEUSDT
Extended PIEVERSE-USD
BingX PIEVERSE-USDTShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX PIEVERSEUSDC | +0.0413% | 4h | 1.8210 | +0.047% | $37K | $437K | 10x | as long as short |
| OKX PIEVERSE-USDT-SWAPlong | +0.0428% | 4h | 1.8201 | long leg | $7.2M | $15.0M | 20x | |
| BloFin PIEVERSE-USDT | +0.0439% | 4h | 1.8205 | +0.022% | $1.1M | $2.2M | 40x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0774% | 4h | 1.8196 | −0.028% | $13.9M | $1.9M | 20x | as long as short |
edgeX PIEVERSEUSDC
BloFin PIEVERSE-USDT
KuCoin PIEVERSEUSDTM