Funding you earn now, next payment 08:00 UTC−0.0484%/8h= −53.0% APRnext payment −$2.42 per $10,000 · paid last 24h −0.024%
Price spread now: Bybit against BingX−0.023%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1621.625% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now −0.023%, 7d avg −0.075%
=The price spread pays, funding is against you. Bybit is 0.052% dearer against BingX than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.075%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.040% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PIEVERSE-USDT | 1.8197 | 0.0584 | pay 0.0292% / 4h | 1h 34m | — | $7.1M | — |
| Short | Bybit PIEVERSEUSDT | 1.8193 | 0.0100 | get 0.0050% / 4h | 1h 34m | $10.9M | $10.7M | 20x |
BingX PIEVERSE-USDT
Bybit PIEVERSEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$101.64
- Price spread: −0.023% → −0.075%
- $5.22
- Slippage, 4 orders
- −$141.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$258.92
- Costs to cover
- 1.625%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: 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 BingX live order book, 8 min ago | 3.03 bp | 24.3 bp −$24 | 93.4 bp −$934 | 1031.6 bp −$103.2K | 1400.1 bp −$700.1K |
| Sell Bybit live order book, 4 min ago | 2.47 bp | 58.6 bp −$59 | 307.0 bp −$3,070 | 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 | 1.8193 | −0.023% | $10.9M | $10.7M | 20x | |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8170 | −0.148% | $8.3M | $3.4M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8195 | −0.009% | $48K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8193 | −0.022% | $1K | $709K | 20x | as long as short |
| Bitget PIEVERSEUSDT | +0.0166% | 4h | 1.8209 | +0.068% | $3.9M | $2.1M | 10x | as long as short |
| BloFin PIEVERSE-USDT | +0.0482% | 4h | 1.8225 | +0.154% | $1.1M | $2.3M | 40x | as long as short |
| Extended PIEVERSE-USD | +0.0520% | 1h | 1.8193 | −0.024% | $41K | $194K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0522% | 4h | 1.8202 | +0.027% | $2.6M | $820K | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0526% | 4h | 1.8203 | +0.033% | $21.5M | $27.4M | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0543% | 4h | 1.8215 | +0.099% | $37K | $432K | 10x | as long as short |
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bitget PIEVERSEUSDT
BloFin PIEVERSE-USDT
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
Binance PIEVERSEUSDT
edgeX PIEVERSEUSDCShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIEVERSE-USDTlong | +0.0584% | 4h | 1.8197 | long leg | — | $7.1M | — | |
| OKX PIEVERSE-USDT-SWAP | +0.0610% | 4h | 1.8211 | +0.077% | $7.2M | $17.7M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0699% | 4h | 1.8204 | +0.036% | $169K | $239K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0800% | 4h | 1.8208 | +0.060% | $13.9M | $2.4M | 20x | as long as short |
OKX PIEVERSE-USDT-SWAP
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM