Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.004%

Price spread now: Binance against Extended−0.474%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1311.313% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.500%+$50 · spread now −0.474%, 7d avg −0.017%

Together, before fees+0.515%+ Points / potential airdropExtended: Active · farm board+$52 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: Binance is 0.457% cheaper against Extended than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8121	0.0496	pay 0.0062% / 1h	53m 42s	$41K	$241K	5x
Short	Binance PIEVERSEUSDT	1.8035	0.0489	get 0.0244% / 4h	2h 53m	$21.4M	$27.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.474%Rate

Funding earned: −$1.52
Price spread: −0.474% → −0.017%: −$45.7
Slippage, 4 orders: −$116.32
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$178.54
Costs to cover: 1.313%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; Binance: live order book, 3 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 Extended live order book, 13 min ago	2.89 bp	58.3 bp −$58	474.0 bp −$4,740	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.82 bp	24.0 bp −$24	127.8 bp −$1,278	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	1.8120	−0.004%	$8.2M	$3.3M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8221	+0.554%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8090	−0.170%	$2K	$664K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0108%	4h	1.8004	−0.643%	$3.9M	$2.4M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0148%	4h	1.8102	−0.103%	$10.9M	$11.1M	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0309%	4h	1.8098	−0.125%	$7.2M	$18.4M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0440%	4h	1.8233	+0.620%	$1.1M	$2.4M	40x	as long as short
BingX PIEVERSE-USDT	+0.0468%	4h	1.8107	−0.076%	—	$7.2M	—	as long as short
Binance PIEVERSEUSDTshort	+0.0489%	4h	1.8035	−0.474%	$21.4M	$27.8M	20x
Extended PIEVERSE-USDlong	+0.0496%	1h	1.8121	long leg	$41K	$241K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIEVERSE_USDT	+0.0498%	4h	1.8120	−0.004%	$2.4M	$833K	20x	as long as short
edgeX PIEVERSEUSDC	+0.0517%	4h	1.8253	+0.731%	$37K	$430K	10x	as long as short
Aster PIEVERSEUSDT	+0.0554%	4h	1.8124	+0.016%	$167K	$264K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0748%	4h	1.8128	+0.037%	$13.8M	$2.6M	20x	as long as short