Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0454%/8h= −49.7% APRpaid last 24h −0.071%

Price spread now: Gate against BingX−0.146%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.311%−$31 on $10k

Price spread, last 7 days+0.189%+$19 · spread now −0.146%, 7d avg −0.109%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.037% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.109%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.311% in total (about -16.2% a year). A funding rate is set anew for every payment. 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	1.8507	0.0554	pay 0.0277% / 4h	0m 51s	—	$7.2M	—
Short	Gate PIEVERSE_USDT	1.8480	0.0100	get 0.0100% / 8h	0m 51s	$8.4M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.146%Rate

Funding earned: −$95.34
Price spread: −0.146% → −0.109%: −$3.7
Slippage, 4 orders: −$78.3
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$202.35
Costs to cover: 1.033%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Gate: live order book, 3 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, 12 min ago	2.16 bp	22.4 bp −$22	88.9 bp −$889	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.51 bp	30.5 bp −$30	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
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8480	−0.146%	$8.4M	$3.9M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8532	+0.138%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8513	+0.032%	$2K	$683K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0276%	4h	1.8518	+0.059%	$4.0M	$2.9M	10x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0300%	4h	1.8511	+0.022%	$7.4M	$21.5M	20x	as long as short
Bybit PIEVERSEUSDT	+0.0517%	4h	1.8507	0.000%	$11.2M	$12.3M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0541%	4h	1.8489	−0.097%	$1.1M	$2.5M	40x	as long as short
BingX PIEVERSE-USDTlong	+0.0554%	4h	1.8507	long leg	—	$7.2M	—
Binance PIEVERSEUSDT	+0.0573%	4h	1.8496	−0.059%	$22.0M	$31.2M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0575%	4h	1.8554	+0.251%	$38K	$444K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0576%	1h	1.8509	+0.013%	$42K	$160K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0576%	4h	1.8512	+0.027%	$2.5M	$884K	20x	as long as short
Aster PIEVERSEUSDT	+0.0613%	4h	1.8499	−0.044%	$171K	$291K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0732%	4h	1.8510	+0.014%	$14.0M	$2.9M	20x	as long as short