Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.093%

Price spread now: Bybit against SunX−0.239%56s7-day average +0.077% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$37 on $10k

Price spread, last 4 days (all we have)+0.458%+$46 · spread now −0.239%, 7d avg +0.077%

Together, before fees+0.833%+$83 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.316% cheaper against SunX than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.077%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PIEVERSE-USDT	1.8243	0.0100	pay 0.0050% / 4h	42m 22s	$1K	$676K	20x
Short	Bybit PIEVERSEUSDT	1.8199	0.0100	get 0.0050% / 4h	42m 22s	$10.8M	$10.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → +0.077%: −$31.6
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.6
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 49 min ago; Bybit: live order book, 1 min ago. Net counts fees only.

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 SunX live order book, 49 min ago	495.81 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.65 bp	48.3 bp −$48	298.4 bp −$2,984	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 PIEVERSEUSDTshort	+0.0100%	4h	1.8199	−0.239%	$10.8M	$10.6M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8197	−0.252%	$8.3M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8221	−0.122%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8177	−0.361%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDTlong	+0.0100%	4h	1.8243	long leg	$1K	$676K	20x
BloFin PIEVERSE-USDT	+0.0398%	4h	1.8242	−0.005%	$1.1M	$2.3M	40x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0414%	4h	1.8203	−0.219%	$7.2M	$17.7M	20x	as long as short
BingX PIEVERSE-USDT	+0.0418%	4h	1.8203	−0.219%	—	$7.1M	—	as long as short
MEXC PIEVERSE_USDT	+0.0438%	4h	1.8212	−0.170%	$2.5M	$846K	20x	as long as short
Extended PIEVERSE-USD	+0.0440%	1h	1.8212	−0.171%	$41K	$252K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0445%	4h	1.8205	−0.208%	$21.6M	$27.0M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0460%	4h	1.8216	−0.146%	$37K	$435K	10x	as long as short
Aster PIEVERSEUSDT	+0.0696%	4h	1.8218	−0.139%	$166K	$248K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0848%	4h	1.8231	−0.068%	$13.9M	$2.4M	20x	as long as short