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$PIEVERSE
{future}(PIEVERSEUSDT)

Noticed an interesting arbitrage opportunity.

The spot price of $PIEVERSE is 0.56 USDT, but a major exchange quotes its perpetual contract at 0.578 USDT, with a price difference of about 3.2%. At the same time, the funding rate for this contract is -0.12% (8 hours), allowing short positions to earn rate income.

The arbitrage logic is clear: buy $PIEVERSE in the spot market while opening an equivalent short position in the perpetual contract market to lock in the price difference. The main profit source comes from the convergence of price difference (3.2%) and continuous negative funding rate income. If the rate remains, the daily income is about 0.36%.

**Costs and Risks:**
- Estimated transaction and slippage costs of 0.3%.
- The main risk is the withdrawal restrictions imposed by exchanges or a sudden drop in contract liquidity leading to an imbalance in hedge positions.
- The price difference may widen in the short term, so sufficient margin must be prepared.

This strategy has a considerable annualized return, but it depends on platform stability and the direction of rates, representing a low-risk arbitrage under actuarial conditions.

**【Current Operation Choice】**
**Wait and see**. The current price difference (3.2%) has not reached my set safety margin threshold (>4%), and the liquidity risk of this small-cap token is relatively high. Trigger conditions: execute hedged arbitrage when the price difference widens to over 4% or when discovering deeper liquidity opportunities in mainstream coins of similar kind.

#PIEVERSE/USDT #price difference #arbitrage #hedge #perpetual contract #funding rate #risk management

*The above is just a personal opinion, not investment advice.