Funding you earn now, next payment 00:00 UTC−0.0145%/8h= −15.8% APRnext payment −$0.72 per $10,000 · paid last 24h +0.018%
Price spread now: OKX against Bitget−0.109%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1081.085% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.109%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.042% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PIEVERSEUSDT | 1.8315 | 0.0280 | pay 0.0140% / 4h | 1h 20m | $4.0M | $2.9M | 10x |
| Short | OKX PIEVERSE-USDT-SWAP | 1.8295 | 0.0135 | get 0.0068% / 4h | 1h 20m | $7.3M | $21.3M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$30.37
- Price spread: −0.109% → −0.068%
- −$4.16
- Slippage, 4 orders
- −$86.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$143.03
- Costs to cover
- 1.085%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; OKX: 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 Bitget live order book, 2 min ago | 2.31 bp | 30.2 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.63 bp | 21.2 bp −$21 | 139.6 bp −$1,396 | 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_USDT | +0.0100% | 8h | 1.8307 | −0.044% | $8.3M | $3.9M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8225 | −0.490% | $49K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8334 | +0.104% | $2K | $670K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAPshort | +0.0135% | 4h | 1.8295 | −0.109% | $7.3M | $21.3M | 20x | |
| Bitget PIEVERSEUSDTlong | +0.0280% | 4h | 1.8315 | long leg | $4.0M | $2.9M | 10x | |
| Bybit PIEVERSEUSDT | +0.0432% | 4h | 1.8289 | −0.142% | $11.0M | $12.2M | 20x | as long as short |
| BingX PIEVERSE-USDT | +0.0566% | 4h | 1.8305 | −0.055% | — | $7.2M | — | as long as short |
| BloFin PIEVERSE-USDT | +0.0571% | 4h | 1.8351 | +0.197% | $1.1M | $2.5M | 40x | as long as short |
| edgeX PIEVERSEUSDC | +0.0580% | 4h | 1.8266 | −0.267% | $38K | $439K | 10x | as long as short |
| Binance PIEVERSEUSDT | +0.0597% | 4h | 1.8299 | −0.087% | $21.8M | $31.1M | 20x | 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 | +0.0600% | 1h | 1.8305 | −0.055% | $41K | $160K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0600% | 4h | 1.8330 | +0.082% | $2.5M | $879K | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0608% | 4h | 1.8311 | −0.022% | $170K | $293K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0612% | 4h | 1.8361 | +0.253% | $13.9M | $2.9M | 20x | as long as short |
Bitget PIEVERSEUSDT
OKX PIEVERSE-USDT-SWAP
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bybit PIEVERSEUSDT
BingX PIEVERSE-USDT
BloFin PIEVERSE-USDT
edgeX PIEVERSEUSDC
Binance PIEVERSEUSDT
Extended PIEVERSE-USD
MEXC PIEVERSE_USDT
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM