Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.003%

Price spread now: Extended against BloFin+0.101%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.101%, 7d avg −0.066%

Together, before fees+0.036%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.167% dearer against BloFin than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.066%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.004% in total) that is about 10 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PIEVERSE-USDT	1.8169	0.0519	pay 0.0259% / 4h	2h 50m	$1.1M	$2.4M	40x
Short	Extended PIEVERSE-USD	1.8187	0.0496	get 0.0062% / 1h	50m 45s	$41K	$241K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$4.79
Price spread: +0.101% → −0.066%: $16.75
Slippage, 4 orders: −$115.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$120.67
Costs to cover: 1.326%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 16 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 BloFin live order book, 2 min ago	0.55 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	2.89 bp	28.8 bp −$29	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	1.8122	−0.259%	$8.2M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8193	+0.130%	$3.9M	$2.4M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8133	−0.197%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8151	−0.099%	$2K	$666K	20x	as long as short
Bybit PIEVERSEUSDT	+0.0107%	4h	1.8183	+0.077%	$10.9M	$11.1M	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0315%	4h	1.8195	+0.143%	$7.2M	$18.6M	20x	as long as short
BingX PIEVERSE-USDT	+0.0472%	4h	1.8176	+0.039%	—	$7.1M	—	as long as short
MEXC PIEVERSE_USDT	+0.0492%	4h	1.8204	+0.193%	$2.5M	$835K	20x	as long as short
Binance PIEVERSEUSDT	+0.0496%	4h	1.8204	+0.193%	$21.6M	$27.8M	20x	as long as short
Extended PIEVERSE-USDshort	+0.0496%	1h	1.8187	+0.101%	$41K	$241K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PIEVERSEUSDC	+0.0505%	4h	1.8127	−0.231%	$37K	$432K	10x	as long as short
BloFin PIEVERSE-USDTlong	+0.0519%	4h	1.8169	long leg	$1.1M	$2.4M	40x
Aster PIEVERSEUSDT	+0.0550%	4h	1.8133	−0.196%	$168K	$267K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0756%	4h	1.8174	+0.029%	$13.8M	$2.6M	20x	as long as short