Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%

Price spread now: Extended against Binance−0.039%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1481.481% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.039%, 7d avg +0.013%

Together, before fees−0.012%+ Points / potential airdropExtended: Active · farm board−$1 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: Extended is 0.053% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PIEVERSEUSDT	1.8201	0.0482	pay 0.0241% / 4h	2h 39m	$21.5M	$27.1M	20x
Short	Extended PIEVERSE-USD	1.8194	0.0480	get 0.0060% / 1h	39m 56s	$42K	$207K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$0.4
Price spread: −0.039% → +0.013%: −$5.27
Slippage, 4 orders: −$133.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$153.82
Costs to cover: 1.481%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Extended: live order book, 7 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 Binance live order book, 1 min ago	1.10 bp	23.6 bp −$24	196.9 bp −$1,969	doesn't fit	doesn't fit
Sell Extended live order book, 7 min ago	2.50 bp	45.9 bp −$46	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
Bybit PIEVERSEUSDT	+0.0100%	4h	1.8196	−0.027%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8185	−0.088%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8216	+0.081%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8181	−0.110%	$2K	$694K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0152%	4h	1.8206	+0.027%	$3.9M	$2.1M	10x	as long as short
edgeX PIEVERSEUSDC	+0.0459%	4h	1.8185	−0.085%	$37K	$430K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0472%	4h	1.8209	+0.044%	$2.6M	$814K	20x	as long as short
Extended PIEVERSE-USDshort	+0.0480%	1h	1.8194	−0.039%	$42K	$207K	5x
Binance PIEVERSEUSDTlong	+0.0482%	4h	1.8201	long leg	$21.5M	$27.1M	20x
BingX PIEVERSE-USDT	+0.0514%	4h	1.8202	+0.005%	—	$7.1M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin PIEVERSE-USDT	+0.0530%	4h	1.8221	+0.110%	$1.1M	$2.3M	40x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0564%	4h	1.8211	+0.055%	$7.2M	$17.6M	20x	as long as short
Aster PIEVERSEUSDT	+0.0714%	4h	1.8180	−0.115%	$168K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0852%	4h	1.8217	+0.088%	$13.9M	$2.4M	20x	as long as short