PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0376%/8h= +41.2% APRnext payment +$1.88 per $10,000 · paid last 24h +0.070%

Price spread now: Binance against Bybit+0.026%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1281.276% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 7 days+0.165%+$16 · spread now +0.026%, 7d avg +0.091%

Together, before fees+0.414%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.091%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.249% in total) that is about 44 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.249% in total (about 13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 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	Bybit PIEVERSEUSDT	1.8027	0.0100	pay 0.0050% / 4h	2h 19m	$10.8M	$10.9M	20x
Short	Binance PIEVERSEUSDT	1.8032	0.0476	get 0.0238% / 4h	2h 19m	$21.4M	$27.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: $78.99
Price spread: +0.026% → +0.091%: −$6.47
Slippage, 4 orders: −$106.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.05
Costs to cover: 1.276%
Break-even: 11.9 days

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 6 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 Bybit live order book, 3 min ago	1.11 bp	41.0 bp −$41	379.9 bp −$3,799	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.28 bp	23.0 bp −$23	147.4 bp −$1,474	doesn't fit	doesn't fit

PIEVERSE on 13 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 PIEVERSEUSDTlong	+0.0100%	4h	1.8027	long leg	$10.8M	$10.9M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8010	−0.094%	$8.2M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8046	+0.104%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8039	+0.065%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8004	−0.128%	$2K	$667K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0327%	4h	1.8040	+0.072%	$7.1M	$18.0M	20x	as long as short
BingX PIEVERSE-USDT	+0.0452%	4h	1.8036	+0.050%	—	$7.1M	—	as long as short
edgeX PIEVERSEUSDC	+0.0459%	4h	1.8094	+0.372%	$37K	$432K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0474%	4h	1.8024	−0.017%	$2.4M	$841K	20x	as long as short
Binance PIEVERSEUSDTshort	+0.0476%	4h	1.8032	+0.026%	$21.4M	$27.4M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0480%	1h	1.8028	+0.004%	$39K	$242K	5x	as long as short
Aster PIEVERSEUSDT	+0.0563%	4h	1.8032	+0.028%	$166K	$257K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0730%	4h	1.8040	+0.070%	$13.7M	$2.5M	20x	as long as short