Funding you earn now, next payment 08:00 UTC−0.0371%/8h= −40.6% APRnext payment −$1.85 per $10,000 · paid last 24h −0.087%
Price spread now: Bybit against BloFin−0.258%82s7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as 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−$1381.381% of the position
Funding, last 7 days−0.258%−$26 on $10k
+Price spread, last 4 days (all we have)+0.413%+$41 · spread now −0.258%, 7d avg −0.117%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.141% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.117%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.258% in total (about -13.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 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 | BloFin PIEVERSE-USDT | 1.8198 | 0.0471 | pay 0.0235% / 4h | 2h 33m | $1.1M | $2.3M | 40x |
| Short | Bybit PIEVERSEUSDT | 1.8151 | 0.0100 | get 0.0050% / 4h | 2h 33m | $10.9M | $10.6M | 20x |
BloFin PIEVERSE-USDT
Bybit PIEVERSEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$77.83
- Price spread: −0.258% → −0.117%
- −$14.08
- Slippage, 4 orders
- −$115.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$229.99
- Costs to cover
- 1.381%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 9 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, 4 min ago | 0.28 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 1.92 bp | 47.8 bp −$48 | 310.2 bp −$3,102 | 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 | 1.8151 | −0.258% | $10.9M | $10.6M | 20x | |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8140 | −0.319% | $8.3M | $3.4M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8149 | −0.268% | $48K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8147 | −0.280% | $1K | $695K | 20x | as long as short |
| Bitget PIEVERSEUSDT | +0.0154% | 4h | 1.8170 | −0.154% | $3.9M | $2.1M | 10x | as long as short |
| BloFin PIEVERSE-USDTlong | +0.0471% | 4h | 1.8198 | long leg | $1.1M | $2.3M | 40x | |
| Extended PIEVERSE-USD | +0.0480% | 1h | 1.8159 | −0.213% | $39K | $209K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0480% | 4h | 1.8165 | −0.181% | $2.5M | $816K | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0480% | 4h | 1.8164 | −0.186% | $21.5M | $27.1M | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0501% | 4h | 1.8152 | −0.252% | $37K | $431K | 10x | as long as short |
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bitget PIEVERSEUSDT
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-USDT | +0.0534% | 4h | 1.8159 | −0.214% | — | $7.1M | — | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0579% | 4h | 1.8155 | −0.236% | $7.2M | $17.6M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0708% | 4h | 1.8159 | −0.214% | $168K | $241K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0844% | 4h | 1.8156 | −0.229% | $13.8M | $2.4M | 20x | as long as short |
BingX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM