Funding you earn now, next payment 12:00 UTC−0.0620%/8h= −67.9% APRnext payment −$3.10 per $10,000 · paid last 24h −0.164%
Price spread now: Bitget against KuCoin+0.018%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1051.054% of the position
Funding, last 7 days−0.712%−$71 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now +0.018%, 7d avg +0.061%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PIEVERSEUSDTM | 1.8234 | 0.0720 | pay 0.0360% / 4h | 3h 30m | $13.9M | $2.3M | 20x |
| Short | Bitget PIEVERSEUSDT | 1.8238 | 0.0100 | get 0.0050% / 4h | 3h 30m | $4.0M | $2.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$130.2
- Price spread: +0.018% → +0.061%
- −$4.3
- Slippage, 4 orders
- −$81.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$239.86
- Costs to cover
- 1.054%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Bitget: 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 KuCoin live order book, 8 min ago | 8.66 bp | 24.7 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 5.08 bp | 22.0 bp −$22 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8195 | −0.216% | $8.4M | $3.2M | 25x | as long as short |
| Bitget PIEVERSEUSDTshort | +0.0100% | 4h | 1.8238 | +0.018% | $4.0M | $2.0M | 10x | |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8255 | +0.113% | $47K | $12K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8197 | −0.205% | $1K | $714K | 20x | as long as short |
| BloFin PIEVERSE-USDT | +0.0410% | 4h | 1.8220 | −0.078% | $1.1M | $2.3M | 40x | as long as short |
| Extended PIEVERSE-USD | +0.0440% | 1h | 1.8235 | +0.002% | $44K | $261K | 5x | as long as short |
| Bybit PIEVERSEUSDT | +0.0443% | 4h | 1.8221 | −0.073% | $10.9M | $9.9M | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0443% | 4h | 1.8248 | +0.077% | $21.6M | $26.0M | 20x | as long as short |
| MEXC PIEVERSE_USDT | +0.0448% | 4h | 1.8242 | +0.042% | $2.6M | $800K | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0455% | 4h | 1.8226 | −0.046% | $37K | $436K | 10x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PIEVERSE-USDT-SWAP | +0.0516% | 4h | 1.8240 | +0.031% | $7.2M | $16.3M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0535% | 4h | 1.8221 | −0.073% | $170K | $211K | 5x | as long as short |
| BingX PIEVERSE-USDT | +0.0706% | 4h | 1.8241 | +0.037% | — | $7.1M | — | as long as short |
| KuCoin PIEVERSEUSDTMlong | +0.0720% | 4h | 1.8234 | long leg | $13.9M | $2.3M | 20x |
KuCoin PIEVERSEUSDTM
Bitget PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
BloFin PIEVERSE-USDT
Extended PIEVERSE-USD
Bybit PIEVERSEUSDT
Binance PIEVERSEUSDT
MEXC PIEVERSE_USDT
edgeX PIEVERSEUSDC
OKX PIEVERSE-USDT-SWAP
Aster PIEVERSEUSDT
BingX PIEVERSE-USDT