data as of
Settings8H · net · $10k
Price arb /

PI

all PI markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$43
spread now+0.067%7d average+0.014%fees + slippage, in and out−$48spread needed0.481%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PI-USDT0.088990.0100pay 0.0050% / 4h48m 16s$6.6M
ShortMEXC PI_USDT0.089050.0100get 0.0050% / 4h48m 16s$8.8M$1.3M125x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$6.74
Funding while held
$0
Slippage, 4 orders
−$34.12
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$41.37
Spread needed to break even
0.481%
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago3.38 bp15.6 bp −$1651.6 bp −$516227.8 bp −$22.8K551.4 bp −$275.7K
Sell MEXC live order book, 1 min ago0.56 bp10.0 bp −$1039.3 bp −$393133.8 bp −$13.4K276.2 bp −$138.1K

PI price on every exchange

against the cheapest. Click to use as the short leg.

PI on 6 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PI/USDC PERP−0.775%+0.0184%1h$1$9K5.5xas long as short
Bitget PIUSDT−0.214%−0.0024%4h$4.8M$1.6M50xas long as short
BingX PI-USDTlong0.000%+0.0100%4h$6.6M
Gate PI_USDT+0.011%+0.0100%4h$2.7M$1.8M50xas long as short
OKX PI-USDT-SWAP+0.067%+0.0100%4h$2.7M$5.9M20xas long as short
MEXC PI_USDTshort+0.067%+0.0100%4h$8.8M$1.3M125x