Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0478%/8h= +52.3% APRpaid last 24h +0.145%

Price spread now: MEXC against Gate+0.146%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.534%+$53 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.146%, 7d avg +0.126%

Together, before fees+0.425%+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and MEXC is 0.020% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.8484	0.0100	pay 0.0100% / 8h	24m 44s	$8.4M	$3.8M	25x
Short	MEXC PIEVERSE_USDT	1.8511	0.0578	get 0.0289% / 4h	24m 44s	$2.5M	$880K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.146%Rate

Funding earned: $100.38
Price spread: +0.146% → +0.126%: $2.04
Slippage, 4 orders: −$72.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: $11.15
Costs to cover: 0.913%
Break-even: 6.2 days

Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 2 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, 4 min ago	5.96 bp	26.4 bp −$26	3049.8 bp −$30.5K	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.27 bp	8.9 bp −$9	54.9 bp −$549	392.0 bp −$39.2K	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	1.8484	long leg	$8.4M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8455	−0.155%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8479	−0.027%	$1K	$678K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0264%	4h	1.8492	+0.043%	$7.4M	$21.5M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0308%	4h	1.8505	+0.114%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0452%	4h	1.8485	+0.005%	$11.1M	$12.3M	20x	as long as short
BingX PIEVERSE-USDT	+0.0540%	4h	1.8481	−0.016%	—	$7.2M	—	as long as short
edgeX PIEVERSEUSDC	+0.0564%	4h	1.8474	−0.053%	$38K	$441K	10x	as long as short
Extended PIEVERSE-USD	+0.0576%	1h	1.8480	−0.021%	$42K	$160K	5x	as long as short
Binance PIEVERSEUSDT	+0.0578%	4h	1.8497	+0.070%	$22.0M	$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
MEXC PIEVERSE_USDTshort	+0.0578%	4h	1.8511	+0.146%	$2.5M	$880K	20x
Aster PIEVERSEUSDT	+0.0616%	4h	1.8500	+0.087%	$171K	$290K	5x	as long as short
BloFin PIEVERSE-USDT	+0.0635%	4h	1.8572	+0.476%	$1.1M	$2.5M	40x	as long as short
KuCoin PIEVERSEUSDTM	+0.0740%	4h	1.8519	+0.188%	$14.0M	$2.9M	20x	as long as short