Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.003%

Price spread now: edgeX against Extended−0.911%53s7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1551.553% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+1.594%+$159 · spread now −0.911%, 7d avg +0.059%

Together, before fees+1.603%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$160 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.971% cheaper against Extended than usual: you would sell low and buy high (−$97 if the spread goes back to its 7-day average of +0.059%). Swap the legs. The two prices were read 53 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	1.8434	0.0592	pay 0.0074% / 1h	22m 23s	$41K	$160K	5x
Short	edgeX PIEVERSEUSDC	1.8266	0.0580	get 0.0290% / 4h	1h 22m	$38K	$439K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.911%Rate

Funding earned: −$2.43
Price spread: −0.911% → +0.059%: −$97.06
Slippage, 4 orders: −$141.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$254.82
Costs to cover: 1.553%
Break-even: never at this rate

Slippage from Extended: live order book, 58 min ago; edgeX: live order book, 61 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, 58 min ago	2.69 bp	82.3 bp −$82	549.9 bp −$5,499	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	4.61 bp	13.1 bp −$13	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	1.8375	−0.320%	$8.3M	$3.9M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8225	−1.133%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8354	−0.434%	$2K	$669K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0139%	4h	1.8395	−0.212%	$7.3M	$21.5M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0280%	4h	1.8445	+0.062%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0450%	4h	1.8379	−0.301%	$11.1M	$12.2M	20x	as long as short
BingX PIEVERSE-USDT	+0.0566%	4h	1.8391	−0.233%	—	$7.2M	—	as long as short
edgeX PIEVERSEUSDCshort	+0.0580%	4h	1.8266	−0.911%	$38K	$439K	10x
Extended PIEVERSE-USDlong	+0.0592%	1h	1.8434	long leg	$41K	$160K	5x
MEXC PIEVERSE_USDT	+0.0594%	4h	1.8423	−0.060%	$2.5M	$879K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0594%	4h	1.8397	−0.201%	$21.9M	$31.1M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0605%	4h	1.8387	−0.255%	$1.1M	$2.5M	40x	as long as short
Aster PIEVERSEUSDT	+0.0607%	4h	1.8424	−0.054%	$171K	$292K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0626%	4h	1.8396	−0.207%	$14.0M	$2.9M	20x	as long as short