Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.078%

Price spread now: Variational Omni against Bybit−0.080%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.080% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIEVERSEUSDT	1.8213	0.0100	pay 0.0050% / 4h	2h 41m	$10.9M	$10.6M	20x
Short	Variational Omni PIEVERSE	1.8199	0.0100	get 0.0050% / 4h	2h 41m	$49K	$11K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.01
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: no order-book sample. 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 Bybit live order book, 2 min ago	1.92 bp	46.0 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PIEVERSEUSDTlong	+0.0100%	4h	1.8213	long leg	$10.9M	$10.6M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8191	−0.123%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSEshort	+0.0100%	4h	1.8199	−0.080%	$49K	$11K	—
SunX PIEVERSE-USDT	+0.0100%	4h	1.8214	+0.003%	$1K	$695K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0146%	4h	1.8241	+0.154%	$3.9M	$2.1M	10x	as long as short
Extended PIEVERSE-USD	+0.0472%	1h	1.8224	+0.060%	$42K	$207K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0472%	4h	1.8238	+0.135%	$2.6M	$813K	20x	as long as short
Binance PIEVERSEUSDT	+0.0474%	4h	1.8240	+0.146%	$21.6M	$27.1M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0476%	4h	1.8171	−0.234%	$37K	$437K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0481%	4h	1.8190	−0.128%	$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
BingX PIEVERSE-USDT	+0.0514%	4h	1.8228	+0.080%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0549%	4h	1.8242	+0.157%	$7.2M	$17.7M	20x	as long as short
Aster PIEVERSEUSDT	+0.0706%	4h	1.8190	−0.127%	$168K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0836%	4h	1.8225	+0.064%	$13.9M	$2.4M	20x	as long as short