Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h +0.071%

Price spread now: BingX against Gate+0.115%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1011.006% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.115%, 7d avg +0.108%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.108%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.311% in total (about 16.2% a year). A funding rate is set anew for every payment. 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	Gate PIEVERSE_USDT	1.8330	0.0100	pay 0.0100% / 8h	1h 32m	$8.3M	$3.8M	25x
Short	BingX PIEVERSE-USDT	1.8351	0.0580	get 0.0290% / 4h	1h 32m	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.115%Rate

Funding earned: $100.8
Price spread: +0.115% → +0.108%: $0.66
Slippage, 4 orders: −$75.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: $0.81
Costs to cover: 1.006%
Break-even: 6.9 days

Slippage from Gate: live order book, 1 min ago; BingX: 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 Gate live order book, 1 min ago	6.27 bp	27.2 bp −$27	2408.2 bp −$24.1K	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.71 bp	24.9 bp −$25	89.3 bp −$893	987.9 bp −$98.8K	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
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.8330	long leg	$8.3M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8378	+0.264%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8336	+0.033%	$2K	$668K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0123%	4h	1.8355	+0.136%	$7.3M	$21.4M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0290%	4h	1.8353	+0.125%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0495%	4h	1.8353	+0.125%	$11.1M	$12.1M	20x	as long as short
BingX PIEVERSE-USDTshort	+0.0580%	4h	1.8351	+0.115%	—	$7.2M	—
BloFin PIEVERSE-USDT	+0.0586%	4h	1.8375	+0.245%	$1.1M	$2.5M	40x	as long as short
MEXC PIEVERSE_USDT	+0.0612%	4h	1.8361	+0.169%	$2.5M	$877K	20x	as long as short
Binance PIEVERSEUSDT	+0.0614%	4h	1.8364	+0.185%	$21.8M	$31.1M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0616%	1h	1.8359	+0.157%	$41K	$160K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0616%	4h	1.8371	+0.223%	$13.9M	$2.9M	20x	as long as short
Aster PIEVERSEUSDT	+0.0619%	4h	1.8359	+0.157%	$171K	$290K	5x	as long as short
edgeX PIEVERSEUSDC	+0.0620%	4h	1.8383	+0.287%	$38K	$440K	10x	as long as short