Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.075%

Price spread now: Bybit against Extended−0.131%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2212.215% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 4 days (all we have)−0.420%−$42 · spread now −0.131%, 7d avg −0.057%

Together, before fees−0.659%+ Points / potential airdropExtended: Active · farm board−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.075% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8464	0.0624	pay 0.0078% / 1h	40m 11s	$41K	$160K	5x
Short	Bybit PIEVERSEUSDT	1.8440	0.0599	get 0.0299% / 4h	1h 40m	$11.1M	$12.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$5.26
Price spread: −0.131% → −0.057%: −$7.46
Slippage, 4 orders: −$205.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$234.17
Costs to cover: 2.215%
Break-even: never at this rate

Slippage from Extended: live order book, 41 min ago; Bybit: 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, 41 min ago	2.69 bp	82.3 bp −$82	549.9 bp −$5,499	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.36 bp	48.5 bp −$49	276.0 bp −$2,760	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	1.8436	−0.154%	$8.4M	$3.8M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8476	+0.065%	$50K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8448	−0.089%	$1K	$667K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0134%	4h	1.8473	+0.047%	$7.4M	$21.5M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0288%	4h	1.8471	+0.035%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDTshort	+0.0599%	4h	1.8440	−0.131%	$11.1M	$12.1M	20x
BingX PIEVERSE-USDT	+0.0600%	4h	1.8468	+0.020%	—	$7.2M	—	as long as short
KuCoin PIEVERSEUSDTM	+0.0608%	4h	1.8470	+0.030%	$14.0M	$2.9M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0618%	4h	1.8473	+0.049%	$38K	$438K	10x	as long as short
Extended PIEVERSE-USDlong	+0.0624%	1h	1.8464	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	+0.0626%	4h	1.8470	+0.032%	$22.0M	$31.1M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0628%	4h	1.8469	+0.025%	$1.1M	$2.5M	40x	as long as short
MEXC PIEVERSE_USDT	+0.0628%	4h	1.8467	+0.014%	$2.5M	$875K	20x	as long as short
Aster PIEVERSEUSDT	+0.0638%	4h	1.8456	−0.044%	$172K	$290K	5x	as long as short