Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.005%

Price spread now: BloFin against Extended+0.240%114s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1681.680% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.602%−$60 · spread now +0.240%, 7d avg +0.064%

Together, before fees−0.607%+ Points / potential airdropExtended: Active · farm board−$61 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: BloFin is 0.176% dearer against Extended than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8343	0.0600	pay 0.0075% / 1h	21m 20s	$41K	$160K	5x
Short	BloFin PIEVERSE-USDT	1.8387	0.0605	get 0.0303% / 4h	1h 21m	$1.1M	$2.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.240%Rate

Funding earned: $1.06
Price spread: +0.240% → +0.064%: $17.63
Slippage, 4 orders: −$151.03
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$149.34
Costs to cover: 1.680%
Break-even: 993.6 days

Slippage from Extended: live order book, 60 min ago; BloFin: live order book, 2 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, 60 min ago	2.69 bp	82.3 bp −$82	549.9 bp −$5,499	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	3.26 bp	19.9 bp −$20	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	1.8330	−0.070%	$8.3M	$3.9M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8225	−0.642%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8334	−0.049%	$2K	$670K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0135%	4h	1.8351	+0.044%	$7.3M	$21.4M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0282%	4h	1.8357	+0.076%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0431%	4h	1.8339	−0.019%	$11.0M	$12.2M	20x	as long as short
BingX PIEVERSE-USDT	+0.0566%	4h	1.8349	+0.033%	—	$7.2M	—	as long as short
edgeX PIEVERSEUSDC	+0.0580%	4h	1.8266	−0.419%	$38K	$439K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0594%	4h	1.8356	+0.071%	$2.5M	$879K	20x	as long as short
Extended PIEVERSE-USDlong	+0.0600%	1h	1.8343	long leg	$41K	$160K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0601%	4h	1.8347	+0.024%	$21.8M	$31.1M	20x	as long as short
BloFin PIEVERSE-USDTshort	+0.0605%	4h	1.8387	+0.240%	$1.1M	$2.5M	40x
Aster PIEVERSEUSDT	+0.0607%	4h	1.8364	+0.116%	$171K	$292K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0618%	4h	1.8364	+0.114%	$13.9M	$2.9M	20x	as long as short