Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.145%

Price spread now: Gate against MEXC−0.199%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

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

Long on MEXC Short on Gate

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+0.162%+$16 · spread now −0.199%, 7d avg −0.126%

Together, before fees−0.372%−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.074% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.126%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIEVERSE_USDT	1.8562	0.0572	pay 0.0286% / 4h	26m 06s	$2.5M	$880K	20x
Short	Gate PIEVERSE_USDT	1.8525	0.0100	get 0.0100% / 8h	26m 06s	$8.4M	$3.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.199%Rate

Funding earned: −$99.12
Price spread: −0.199% → −0.126%: −$7.37
Slippage, 4 orders: −$72.27
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$197.76
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: 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 MEXC live order book, 1 min ago	0.27 bp	27.9 bp −$28	65.9 bp −$659	346.6 bp −$34.7K	doesn't fit
Sell Gate live order book, 2 min ago	5.96 bp	28.1 bp −$28	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_USDTshort	+0.0100%	8h	1.8525	−0.199%	$8.4M	$3.8M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8455	−0.574%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8542	−0.108%	$1K	$678K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0266%	4h	1.8537	−0.135%	$7.4M	$21.6M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0308%	4h	1.8573	+0.061%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0457%	4h	1.8528	−0.183%	$11.1M	$12.3M	20x	as long as short
BingX PIEVERSE-USDT	+0.0540%	4h	1.8563	+0.005%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0543%	4h	1.8514	−0.259%	$1.1M	$2.5M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0564%	4h	1.8474	−0.473%	$38K	$441K	10x	as long as short
MEXC PIEVERSE_USDTlong	+0.0572%	4h	1.8562	long leg	$2.5M	$880K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended PIEVERSE-USD	+0.0576%	1h	1.8573	+0.060%	$42K	$160K	5x	as long as short
Binance PIEVERSEUSDT	+0.0578%	4h	1.8546	−0.086%	$22.0M	$31.1M	20x	as long as short
Aster PIEVERSEUSDT	+0.0617%	4h	1.8527	−0.186%	$171K	$290K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0738%	4h	1.8562	−0.002%	$14.1M	$2.9M	20x	as long as short