Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.054%

Price spread now: Gate against Bitget−0.266%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days+0.246%+$25 · spread now −0.266%, 7d avg −0.131%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.136% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PIEVERSEUSDT	1.8216	0.0100	pay 0.0050% / 4h	47m 49s	$3.9M	$2.2M	10x
Short	Gate PIEVERSE_USDT	1.8168	0.0100	get 0.0100% / 8h	4h 47m	$8.3M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.266%Rate

Funding earned: $0
Price spread: −0.266% → −0.131%: −$13.56
Slippage, 4 orders: −$85.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.36
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	5.14 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.24 bp	25.0 bp −$25	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	1.8200	−0.091%	$10.8M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8168	−0.266%	$8.3M	$3.4M	25x
Bitget PIEVERSEUSDTlong	+0.0100%	4h	1.8216	long leg	$3.9M	$2.2M	10x
Variational Omni PIEVERSE	+0.0100%	4h	1.8210	−0.034%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8133	−0.458%	$1K	$676K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0418%	4h	1.8204	−0.069%	$7.2M	$17.8M	20x	as long as short
BingX PIEVERSE-USDT	+0.0439%	4h	1.8208	−0.047%	—	$7.1M	—	as long as short
Extended PIEVERSE-USD	+0.0448%	1h	1.8201	−0.085%	$41K	$248K	5x	as long as short
Binance PIEVERSEUSDT	+0.0449%	4h	1.8206	−0.058%	$21.6M	$27.0M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0452%	4h	1.8200	−0.091%	$2.5M	$845K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PIEVERSEUSDC	+0.0463%	4h	1.8208	−0.047%	$37K	$433K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0474%	4h	1.8181	−0.195%	$1.1M	$2.3M	40x	as long as short
Aster PIEVERSEUSDT	+0.0684%	4h	1.8192	−0.134%	$166K	$248K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0856%	4h	1.8210	−0.034%	$13.8M	$2.4M	20x	as long as short