Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin+0.250%111s7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.908% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.531%+$53 · spread now +0.250%, 7d avg −0.084%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.334% dearer against BloFin than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.084%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PIEVERSE-USDT | 1.8391 | 0.0530 | pay 0.0265% / 4h | 2h 03m | $1.1M | $2.5M | 40x |
| Short | Binance PIEVERSEUSDT | 1.8437 | 0.0573 | get 0.0287% / 4h | 2h 03m | $21.9M | $31.2M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $9.02
- Price spread: +0.250% → −0.084%
- $33.44
- Slippage, 4 orders
- −$68.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.31
- Costs to cover
- 0.908%
- Break-even
- 44.5 days
Slippage from BloFin: live order book, 5 min ago; Binance: live order book, 8 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 BloFin live order book, 5 min ago | 0.54 bp | 23.5 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.54 bp | 22.8 bp −$23 | 135.2 bp −$1,352 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX PIEVERSE-USDT-SWAP | +0.0100% | 4h | 1.8429 | +0.207% | $7.3M | $21.6M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8384 | −0.038% | $8.3M | $3.9M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8393 | +0.012% | $49K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8372 | −0.103% | $2K | $663K | 20x | as long as short |
| Bitget PIEVERSEUSDT | +0.0244% | 4h | 1.8436 | +0.245% | $4.0M | $2.9M | 10x | as long as short |
| BloFin PIEVERSE-USDTlong | +0.0530% | 4h | 1.8391 | long leg | $1.1M | $2.5M | 40x | |
| KuCoin PIEVERSEUSDTM | +0.0544% | 4h | 1.8421 | +0.165% | $13.8M | $2.9M | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0559% | 4h | 1.8395 | +0.021% | $38K | $439K | 10x | as long as short |
| MEXC PIEVERSE_USDT | +0.0572% | 4h | 1.8434 | +0.234% | $2.5M | $885K | 20x | as long as short |
| Binance PIEVERSEUSDTshort | +0.0573% | 4h | 1.8437 | +0.250% | $21.9M | $31.2M | 20x |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PIEVERSE-USD | +0.0576% | 1h | 1.8424 | +0.179% | $41K | $160K | 5x | as long as short |
| Aster PIEVERSEUSDT | +0.0579% | 4h | 1.8399 | +0.043% | $172K | $291K | 5x | as long as short |
| Bybit PIEVERSEUSDT | +0.0678% | 4h | 1.8400 | +0.049% | $11.2M | $12.1M | 20x | as long as short |
| BingX PIEVERSE-USDT | +0.0694% | 4h | 1.8428 | +0.201% | — | $7.2M | — | as long as short |
BloFin PIEVERSE-USDT
Binance PIEVERSEUSDT
OKX PIEVERSE-USDT-SWAP
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bitget PIEVERSEUSDT
KuCoin PIEVERSEUSDTM
edgeX PIEVERSEUSDC
MEXC PIEVERSE_USDT
Extended PIEVERSE-USD
Aster PIEVERSEUSDT
Bybit PIEVERSEUSDT
BingX PIEVERSE-USDT