Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0671%/8h= +73.5% APRpaid last 24h +0.073%

Price spread now: Bybit against Gate+0.165%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1611.613% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 7 days−0.304%−$30 · spread now +0.165%, 7d avg +0.030%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.134% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.030%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.287% in total (about 14.9% 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	1.8296	0.0100	pay 0.0100% / 8h	2h 27m	$8.3M	$3.8M	25x
Short	Bybit PIEVERSEUSDT	1.8326	0.0771	get 0.0385% / 4h	2h 27m	$11.1M	$12.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.165%Rate

Funding earned: $140.89
Price spread: +0.165% → +0.030%: $13.42
Slippage, 4 orders: −$135.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.95
Costs to cover: 1.613%
Break-even: 7.3 days

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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	4.11 bp	26.7 bp −$27	2417.4 bp −$24.2K	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.19 bp	51.5 bp −$51	304.9 bp −$3,049	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
OKX PIEVERSE-USDT-SWAP	+0.0100%	4h	1.8335	+0.213%	$7.3M	$21.5M	20x	as long as short
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.8296	long leg	$8.3M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8215	−0.444%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8306	+0.055%	$2K	$660K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0192%	4h	1.8331	+0.192%	$4.0M	$2.9M	10x	as long as short
Aster PIEVERSEUSDT	+0.0532%	4h	1.8310	+0.074%	$171K	$294K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0542%	4h	1.8334	+0.208%	$2.5M	$881K	20x	as long as short
Extended PIEVERSE-USD	+0.0544%	1h	1.8319	+0.125%	$41K	$160K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0552%	4h	1.8275	−0.113%	$13.7M	$2.9M	20x	as long as short
Binance PIEVERSEUSDT	+0.0552%	4h	1.8338	+0.230%	$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
edgeX PIEVERSEUSDC	+0.0553%	4h	1.8222	−0.403%	$37K	$439K	10x	as long as short
BingX PIEVERSE-USDT	+0.0578%	4h	1.8336	+0.219%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0595%	4h	1.8276	−0.109%	$1.1M	$2.5M	40x	as long as short
Bybit PIEVERSEUSDTshort	+0.0771%	4h	1.8326	+0.165%	$11.1M	$12.1M	20x