Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.073%

Price spread now: Gate against OKX−0.109%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.180%+$18 · spread now −0.109%, 7d avg −0.057%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.051% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIEVERSE-USDT-SWAP	1.8426	0.0100	pay 0.0050% / 4h	2h 11m	$7.4M	$21.6M	20x
Short	Gate PIEVERSE_USDT	1.8406	0.0100	get 0.0100% / 8h	2h 11m	$8.4M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.057%: −$5.11
Slippage, 4 orders: −$66.1
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.2
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	0.27 bp	24.0 bp −$24	168.7 bp −$1,687	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.51 bp	22.6 bp −$23	245.7 bp −$2,457	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
OKX PIEVERSE-USDT-SWAPlong	+0.0100%	4h	1.8426	long leg	$7.4M	$21.6M	20x
Gate PIEVERSE_USDTshort	+0.0100%	8h	1.8406	−0.109%	$8.4M	$3.9M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8430	+0.023%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8409	−0.092%	$2K	$661K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0222%	4h	1.8444	+0.099%	$4.0M	$2.9M	10x	as long as short
BloFin PIEVERSE-USDT	+0.0559%	4h	1.8436	+0.054%	$1.1M	$2.5M	40x	as long as short
KuCoin PIEVERSEUSDTM	+0.0560%	4h	1.8431	+0.024%	$13.9M	$2.9M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0568%	4h	1.8453	+0.145%	$38K	$440K	10x	as long as short
Binance PIEVERSEUSDT	+0.0573%	4h	1.8432	+0.033%	$21.9M	$31.2M	20x	as long as short
Extended PIEVERSE-USD	+0.0576%	1h	1.8418	−0.043%	$41K	$160K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIEVERSE_USDT	+0.0576%	4h	1.8433	+0.038%	$2.5M	$884K	20x	as long as short
Aster PIEVERSEUSDT	+0.0582%	4h	1.8436	+0.055%	$172K	$292K	5x	as long as short
BingX PIEVERSE-USDT	+0.0700%	4h	1.8425	−0.005%	—	$7.2M	—	as long as short
Bybit PIEVERSEUSDT	+0.0719%	4h	1.8415	−0.061%	$11.2M	$12.1M	20x	as long as short