Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0542%/8h= −59.3% APRpaid last 24h −0.171%

Price spread now: Gate against KuCoin−0.206%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1141.142% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.728%−$73 on $10k

Price spread, last 7 days+0.235%+$24 · spread now −0.206%, 7d avg −0.064%

Together, before fees−0.493%−$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.143% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8407	0.0642	pay 0.0321% / 4h	1h 07m	$14.0M	$2.9M	20x
Short	Gate PIEVERSE_USDT	1.8369	0.0100	get 0.0100% / 8h	1h 07m	$8.3M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.206%Rate

Funding earned: −$113.82
Price spread: −0.206% → −0.064%: −$14.28
Slippage, 4 orders: −$87.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$242.27
Costs to cover: 1.142%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: 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 KuCoin live order book, 6 min ago	10.10 bp	30.4 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.35 bp	23.8 bp −$24	320.9 bp −$3,209	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_USDTshort	+0.0100%	8h	1.8369	−0.206%	$8.3M	$3.9M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8393	−0.079%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8382	−0.136%	$2K	$672K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0178%	4h	1.8389	−0.098%	$7.3M	$21.5M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0292%	4h	1.8397	−0.053%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0518%	4h	1.8386	−0.114%	$11.1M	$12.2M	20x	as long as short
BingX PIEVERSE-USDT	+0.0562%	4h	1.8389	−0.098%	—	$7.2M	—	as long as short
Extended PIEVERSE-USD	+0.0584%	1h	1.8385	−0.118%	$41K	$160K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0584%	4h	1.8388	−0.103%	$2.5M	$882K	20x	as long as short
Binance PIEVERSEUSDT	+0.0586%	4h	1.8388	−0.103%	$21.9M	$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
BloFin PIEVERSE-USDT	+0.0590%	4h	1.8422	+0.081%	$1.1M	$2.5M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0607%	4h	1.8401	−0.032%	$38K	$440K	10x	as long as short
Aster PIEVERSEUSDT	+0.0608%	4h	1.8403	−0.022%	$171K	$292K	5x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0642%	4h	1.8407	long leg	$14.0M	$2.9M	20x