Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h −0.163%

Price spread now: Gate against Binance−0.061%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1061.055% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.557%−$56 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.061%, 7d avg −0.127%

Together, before fees−0.567%−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.066% dearer against Binance than usual: you sell high and buy low (spread −0.061% now, against its 7-day average of −0.127%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIEVERSEUSDT	1.8024	0.0467	pay 0.0234% / 4h	1h 37m	$21.4M	$27.0M	20x
Short	Gate PIEVERSE_USDT	1.8013	0.0100	get 0.0100% / 8h	5h 37m	$8.2M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$77.07
Price spread: −0.061% → −0.127%: $6.61
Slippage, 4 orders: −$80.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$176
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: live order book, 1 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 Binance live order book, 4 min ago	1.39 bp	21.6 bp −$22	203.8 bp −$2,038	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.16 bp	35.8 bp −$36	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	1.8015	−0.050%	$10.7M	$10.7M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8013	−0.061%	$8.2M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8065	+0.226%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.7914	−0.613%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8011	−0.072%	$2K	$672K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0398%	4h	1.8030	+0.033%	$7.2M	$17.8M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0410%	4h	1.8036	+0.067%	$1.1M	$2.3M	40x	as long as short
BingX PIEVERSE-USDT	+0.0448%	4h	1.8029	+0.028%	—	$7.1M	—	as long as short
edgeX PIEVERSEUSDC	+0.0463%	4h	1.7934	−0.501%	$37K	$431K	10x	as long as short
Extended PIEVERSE-USD	+0.0464%	1h	1.8066	+0.233%	$42K	$245K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDTlong	+0.0467%	4h	1.8024	long leg	$21.4M	$27.0M	20x
MEXC PIEVERSE_USDT	+0.0470%	4h	1.8024	0.000%	$2.5M	$836K	20x	as long as short
Aster PIEVERSEUSDT	+0.0615%	4h	1.7994	−0.168%	$165K	$255K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0806%	4h	1.8018	−0.036%	$13.7M	$2.4M	20x	as long as short