PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0421%/8h= +46.0% APRnext payment +$2.10 per $10,000 · paid last 24h +0.087%

Price spread now: BloFin against Bybit+0.213%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1541.535% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 4 days (all we have)−0.368%−$37 · spread now +0.213%, 7d avg +0.117%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.096% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.117%.

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 +$2.10 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	1.8095	0.0100	pay 0.0050% / 4h	2h 27m	$10.9M	$10.6M	20x
Short	BloFin PIEVERSE-USDT	1.8134	0.0521	get 0.0260% / 4h	2h 27m	$1.1M	$2.3M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.213%Rate

Funding earned: $88.31
Price spread: +0.213% → +0.117%: $9.58
Slippage, 4 orders: −$130.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$55.63
Costs to cover: 1.535%
Break-even: 11.4 days

Slippage from Bybit: live order book, 1 min ago; BloFin: 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, 1 min ago	2.48 bp	51.4 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	3.30 bp	21.4 bp −$21	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 PIEVERSEUSDTlong	+0.0100%	4h	1.8095	long leg	$10.9M	$10.6M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8107	+0.064%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8141	+0.253%	$48K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8102	+0.036%	$1K	$696K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0156%	4h	1.8138	+0.235%	$3.9M	$2.1M	10x	as long as short
edgeX PIEVERSEUSDC	+0.0455%	4h	1.8169	+0.407%	$37K	$430K	10x	as long as short
Extended PIEVERSE-USD	+0.0472%	1h	1.8123	+0.152%	$39K	$209K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0472%	4h	1.8123	+0.153%	$2.5M	$818K	20x	as long as short
Binance PIEVERSEUSDT	+0.0474%	4h	1.8110	+0.081%	$21.4M	$27.1M	20x	as long as short
BloFin PIEVERSE-USDTshort	+0.0521%	4h	1.8134	+0.213%	$1.1M	$2.3M	40x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIEVERSE-USDT	+0.0546%	4h	1.8122	+0.147%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0578%	4h	1.8110	+0.081%	$7.2M	$17.5M	20x	as long as short
Aster PIEVERSEUSDT	+0.0694%	4h	1.8107	+0.063%	$168K	$241K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0830%	4h	1.8108	+0.069%	$13.8M	$2.4M	20x	as long as short