Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0391%/8h= −42.8% APRpaid last 24h −0.163%

Price spread now: Gate against BloFin−0.610%108s7-day average −0.226% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as 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−$1141.144% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.546%−$55 on $10k

Price spread, last 4 days (all we have)+1.205%+$121 · spread now −0.610%, 7d avg −0.226%

Together, before fees+0.659%+$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.385% cheaper against BloFin than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.226%). Swap the legs. The two prices were read 108 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	1.8512	0.0491	pay 0.0245% / 4h	21m 23s	$1.1M	$2.4M	40x
Short	Gate PIEVERSE_USDT	1.8399	0.0100	get 0.0100% / 8h	4h 21m	$8.4M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.610%Rate

Funding earned: −$82.01
Price spread: −0.610% → −0.226%: −$38.45
Slippage, 4 orders: −$87.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$234.85
Costs to cover: 1.144%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	5.41 bp	28.6 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.49 bp	30.5 bp −$31	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	1.8406	−0.573%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8399	−0.610%	$8.4M	$3.4M	25x
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8416	−0.518%	$4.0M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8316	−1.061%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8387	−0.675%	$2K	$679K	20x	as long as short
BingX PIEVERSE-USDT	+0.0451%	4h	1.8407	−0.567%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0464%	4h	1.8411	−0.546%	$7.3M	$18.0M	20x	as long as short
Extended PIEVERSE-USD	+0.0464%	1h	1.8406	−0.575%	$42K	$252K	5x	as long as short
Binance PIEVERSEUSDT	+0.0466%	4h	1.8403	−0.588%	$21.8M	$27.0M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0468%	4h	1.8402	−0.594%	$2.6M	$849K	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	+0.0485%	4h	1.8496	−0.089%	$38K	$433K	10x	as long as short
BloFin PIEVERSE-USDTlong	+0.0491%	4h	1.8512	long leg	$1.1M	$2.4M	40x
Aster PIEVERSEUSDT	+0.0770%	4h	1.8434	−0.419%	$168K	$244K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0844%	4h	1.8413	−0.535%	$14.0M	$2.4M	20x	as long as short