Settings8H · net · $10k
Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.073%
Price spread now: edgeX against Bybit+0.161%91s7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$930.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.249%+$25 on $10k
Price spread, last 3 days (all we have)+0.434%+$43 · spread now +0.161%, 7d avg +0.110%
Together, before fees+0.683%+ Points / potential airdropedgeX: Active · farm board+$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.050% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.110%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PIEVERSEUSDT1.85040.0440pay 0.0220% / 4h22m 06s$11.1M$12.3M20x
ShortedgeX PIEVERSEUSDC1.85340.0588get 0.0294% / 4h22m 06s$38K$442K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$31.13
Price spread: +0.161% → +0.110%
$5.04
Slippage, 4 orders
−$72.97
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$56.8
Costs to cover
0.930%
Break-even
19.8 days
Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago4.60 bp33.7 bp −$34331.5 bp −$3,315doesn't fitdoesn't fit
Sell edgeX live order book, 56 min ago4.63 bp13.3 bp −$13doesn't fitdoesn't fitdoesn't fit

PIEVERSE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate PIEVERSE_USDT+0.0100%8h1.8458−0.249%$8.4M$3.8M25xas long as short
Variational Omni PIEVERSE+0.0100%4h1.8455−0.263%$50K$10Kas long as short
SunX PIEVERSE-USDT+0.0100%4h1.8476−0.151%$2K$679K20xas long as short
OKX PIEVERSE-USDT-SWAP+0.0264%4h1.8512+0.043%$7.4M$21.6M20xas long as short
Bitget PIEVERSEUSDT+0.0304%4h1.8515+0.058%$4.0M$2.9M10xas long as short
Bybit PIEVERSEUSDTlong+0.0440%4h1.8504long leg$11.1M$12.3M20x
BingX PIEVERSE-USDT+0.0550%4h1.8515+0.059%$7.2Mas long as short
Extended PIEVERSE-USD+0.0576%1h1.8507+0.014%$42K$160K5xas long as short
MEXC PIEVERSE_USDT+0.0576%4h1.8497−0.038%$2.5M$880K20xas long as short
Binance PIEVERSEUSDT+0.0578%4h1.8509+0.027%$22.0M$31.2M20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX PIEVERSEUSDCshort+0.0588%4h1.8534+0.161%$38K$442K10x
BloFin PIEVERSE-USDT+0.0601%4h1.8497−0.038%$1.1M$2.5M40xas long as short
Aster PIEVERSEUSDT+0.0613%4h1.8480−0.130%$171K$290K5xas long as short
KuCoin PIEVERSEUSDTM+0.0736%4h1.8494−0.055%$14.0M$2.9M20xas long as short