Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%

Price spread now: Bitget against SunX+0.260%7-day average +0.117% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.260%, 7d avg +0.117%

Together, before fees+0.120%+$12 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: Bitget is 0.143% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PIEVERSE-USDT	1.8188	0.0100	pay 0.0050% / 4h	3h 56m	$1K	$714K	20x
Short	Bitget PIEVERSEUSDT	1.8235	0.0100	get 0.0050% / 4h	3h 56m	$4.0M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.260%Rate

Funding earned: $0
Price spread: +0.260% → +0.117%: $14.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.71
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 55 min ago; Bitget: live order book, 1 min ago. Net counts fees only.

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 SunX live order book, 55 min ago	500.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.24 bp	35.3 bp −$35	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	1.8193	+0.027%	$8.4M	$3.2M	25x	as long as short
Bitget PIEVERSEUSDTshort	+0.0100%	4h	1.8235	+0.260%	$4.0M	$2.0M	10x
Variational Omni PIEVERSE	+0.0100%	4h	1.8221	+0.182%	$47K	$12K	—	as long as short
SunX PIEVERSE-USDTlong	+0.0100%	4h	1.8188	long leg	$1K	$714K	20x
Bybit PIEVERSEUSDT	+0.0382%	4h	1.8213	+0.137%	$10.9M	$10.1M	20x	as long as short
Extended PIEVERSE-USD	+0.0432%	1h	1.8213	+0.136%	$42K	$258K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0432%	4h	1.8212	+0.132%	$2.6M	$796K	20x	as long as short
Binance PIEVERSEUSDT	+0.0441%	4h	1.8223	+0.192%	$21.6M	$26.4M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0441%	4h	1.8207	+0.106%	$37K	$432K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0444%	4h	1.8205	+0.093%	$1.1M	$2.3M	40x	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	+0.0524%	4h	1.8225	+0.203%	$7.2M	$16.6M	20x	as long as short
Aster PIEVERSEUSDT	+0.0569%	4h	1.8193	+0.027%	$170K	$213K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0714%	4h	1.8221	+0.182%	$13.9M	$2.3M	20x	as long as short
BingX PIEVERSE-USDT	+0.1496%	4h	1.8221	+0.181%	—	$7.1M	—	as long as short