Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.082%

Price spread now: BingX against Extended+0.122%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1621.621% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now +0.122%, 7d avg +0.046%

Together, before fees−0.007%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.076% dearer against Extended than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.046%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 25 days. At the pace of the last 7 days (−0.221% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8548	0.0552	pay 0.0069% / 1h	8m 14s	$42K	$160K	5x
Short	BingX PIEVERSE-USDT	1.8571	0.0542	get 0.0271% / 4h	8m 14s	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$2.1
Price spread: +0.122% → +0.046%: $7.61
Slippage, 4 orders: −$147.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$156.58
Costs to cover: 1.621%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago	2.61 bp	82.5 bp −$83	519.1 bp −$5,191	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.16 bp	20.3 bp −$20	86.0 bp −$860	1037.9 bp −$103.8K	1400.5 bp −$700.3K

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	1.8535	−0.072%	$8.4M	$3.8M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8643	+0.509%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8530	−0.099%	$2K	$682K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0261%	4h	1.8593	+0.241%	$7.4M	$21.6M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0276%	4h	1.8585	+0.197%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0417%	4h	1.8577	+0.156%	$11.2M	$12.3M	20x	as long as short
BingX PIEVERSE-USDTshort	+0.0542%	4h	1.8571	+0.122%	—	$7.2M	—
Extended PIEVERSE-USDlong	+0.0552%	1h	1.8548	long leg	$42K	$160K	5x
edgeX PIEVERSEUSDC	+0.0553%	4h	1.8465	−0.451%	$38K	$441K	10x	as long as short
Binance PIEVERSEUSDT	+0.0555%	4h	1.8571	+0.120%	$22.0M	$31.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIEVERSE_USDT	+0.0560%	4h	1.8557	+0.046%	$2.5M	$883K	20x	as long as short
Aster PIEVERSEUSDT	+0.0599%	4h	1.8539	−0.051%	$171K	$291K	5x	as long as short
BloFin PIEVERSE-USDT	+0.0614%	4h	1.8591	+0.230%	$1.1M	$2.5M	40x	as long as short
KuCoin PIEVERSEUSDTM	+0.0712%	4h	1.8535	−0.071%	$14.0M	$2.9M	20x	as long as short