After costs, if the gap returns to its 7d average, $10k−$81
spread now−0.337%7d average−0.137%fees + slippage, in and out−$61spread needed0.611%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PI_USDT | 0.08890 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $8.9M | $1.4M | 125x |
| Short | Bitget PIUSDT | 0.08860 | −0.0400 | pay 0.0200% / 4h | 3h 23m | $4.8M | $1.6M | 50x |
MEXC PI_USDT
Bitget PIUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$33.75
- Funding while held
- −$15
- Slippage, 4 orders
- −$45.07
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$109.82
- Spread needed to break even
- 0.611%
Slippage from MEXC: live order book, 6 min ago; Bitget: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0500%
- Per $10,000 a day
- −$15.00
- Average in range /8h
- —
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, 6 min ago | 2.25 bp | 10.5 bp −$10 | 51.0 bp −$510 | 172.9 bp −$17.3K | 284.2 bp −$142.1K |
| Sell Bitget live order book, 1 min ago | 5.65 bp | 18.5 bp −$18 | 46.0 bp −$460 | doesn't fit | doesn't fit |
PI price on every exchange
against the cheapest. Click to use as the short leg.Injective0.08830cheapest
InjectiveBitget0.08860+0.340%
Gate0.08880+0.566%BingX0.08886+0.634%OKX0.08888+0.657%
Gate
BingX
OKXMEXC0.08890+0.680%
PI on 6 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PI/USDC PERP | −0.675% | +0.0033% | 1h | $1 | $9K | 5.5x | as long as short |
| Bitget PIUSDTshort | −0.337% | −0.0400% | 4h | $4.8M | $1.6M | 50x | |
| Gate PI_USDT | −0.112% | +0.0100% | 4h | $2.6M | $1.9M | 50x | as long as short |
| BingX PI-USDT | −0.045% | +0.0100% | 4h | — | $6.6M | — | as long as short |
| OKX PI-USDT-SWAP | −0.022% | +0.0100% | 4h | $2.7M | $6.0M | 20x | as long as short |
| MEXC PI_USDTlong | 0.000% | +0.0100% | 4h | $8.9M | $1.4M | 125x |