Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0689%/8h= −75.4% APRpaid last 24h −0.291%

Price spread now: Gate against Aster−0.172%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−1.231%−$123 on $10k

Price spread, last 4 days (all we have)+0.583%+$58 · spread now −0.172%, 7d avg −0.032%

Together, before fees−0.648%+ Points / potential airdropAster: Stage 5 · farm board−$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Gate is 0.140% cheaper against Aster than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PIEVERSEUSDT	1.8843	0.0789	pay 0.0394% / 4h	3h 59m	$172K	$245K	5x
Short	Gate PIEVERSE_USDT	1.8811	0.0100	get 0.0100% / 8h	3h 59m	$8.6M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now −0.172%Rate

Funding earned: −$144.61
Price spread: −0.172% → −0.032%: −$14.01
Slippage, 4 orders: −$73.67
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$255.29
Costs to cover: 0.967%
Break-even: never at this rate

Slippage from Aster: live order book, 57 min ago; Gate: live order book, 4 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 Aster live order book, 57 min ago	4.08 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.93 bp	30.7 bp −$31	doesn't fit	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 PIEVERSEUSDT	+0.0100%	4h	1.8817	−0.142%	$11.3M	$10.7M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8811	−0.172%	$8.6M	$3.3M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8827	−0.086%	$4.1M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8889	+0.240%	$51K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8814	−0.156%	$1K	$686K	20x	as long as short
Extended PIEVERSE-USD	+0.0424%	1h	1.8826	−0.091%	$44K	$253K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0424%	4h	1.8830	−0.071%	$2.6M	$838K	20x	as long as short
Binance PIEVERSEUSDT	+0.0424%	4h	1.8816	−0.143%	$22.3M	$27.2M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0424%	4h	1.8868	+0.131%	$39K	$435K	10x	as long as short
BingX PIEVERSE-USDT	+0.0426%	4h	1.8836	−0.040%	—	$7.1M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PIEVERSE-USDT-SWAP	+0.0427%	4h	1.8835	−0.045%	$7.5M	$18.4M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0482%	4h	1.8817	−0.140%	$1.1M	$2.4M	40x	as long as short
Aster PIEVERSEUSDTlong	+0.0789%	4h	1.8843	long leg	$172K	$245K	5x
KuCoin PIEVERSEUSDTM	+0.0830%	4h	1.8837	−0.034%	$14.3M	$2.4M	20x	as long as short