PIEVERSE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0370%/8h= −40.5% APRnext payment −$1.85 per $10,000 · paid last 24h −0.070%

Price spread now: Bybit against MEXC+0.012%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1141.137% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 7 days−0.193%−$19 · spread now +0.012%, 7d avg −0.092%

Together, before fees−0.443%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.104% dearer against MEXC than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.092%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.249% in total) that is about 2.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.249% in total (about -13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 per $10,000. 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	MEXC PIEVERSE_USDT	1.7885	0.0470	pay 0.0235% / 4h	1h 58m	$2.4M	$818K	20x
Short	Bybit PIEVERSEUSDT	1.7887	0.0100	get 0.0050% / 4h	1h 58m	$10.6M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$77.7
Price spread: +0.012% → −0.092%: $10.41
Slippage, 4 orders: −$98.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$181.03
Costs to cover: 1.137%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 5 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 MEXC live order book, 3 min ago	0.28 bp	10.5 bp −$11	69.2 bp −$692	391.6 bp −$39.2K	doesn't fit
Sell Bybit live order book, 5 min ago	4.19 bp	39.7 bp −$40	254.9 bp −$2,549	doesn't fit	doesn't fit

PIEVERSE on 13 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
Bybit PIEVERSEUSDTshort	+0.0100%	4h	1.7887	+0.012%	$10.6M	$10.8M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.7867	−0.101%	$8.1M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.7891	+0.034%	$3.9M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.7907	+0.122%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.7868	−0.095%	$2K	$669K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0384%	4h	1.7910	+0.140%	$7.1M	$17.8M	20x	as long as short
BingX PIEVERSE-USDT	+0.0454%	4h	1.7886	+0.006%	—	$7.1M	—	as long as short
edgeX PIEVERSEUSDC	+0.0457%	4h	1.7918	+0.183%	$37K	$434K	10x	as long as short
MEXC PIEVERSE_USDTlong	+0.0470%	4h	1.7885	long leg	$2.4M	$818K	20x
Binance PIEVERSEUSDT	+0.0471%	4h	1.7894	+0.052%	$21.2M	$27.1M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0472%	1h	1.7880	−0.027%	$39K	$242K	5x	as long as short
Aster PIEVERSEUSDT	+0.0589%	4h	1.7877	−0.046%	$164K	$256K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0768%	4h	1.7889	+0.022%	$13.6M	$2.4M	20x	as long as short