Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.077%

Price spread now: OKX against Extended+0.046%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1691.695% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 4 days (all we have)−0.325%−$32 · spread now +0.046%, 7d avg +0.006%

Together, before fees−0.823%+ Points / potential airdropExtended: Active · farm board−$82 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: OKX is 0.040% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8826	0.0424	pay 0.0053% / 1h	59m 15s	$44K	$253K	5x
Short	OKX PIEVERSE-USDT-SWAP	1.8835	0.0427	get 0.0213% / 4h	3h 59m	$7.5M	$18.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0.54
Price spread: +0.046% → +0.006%: $4.02
Slippage, 4 orders: −$154.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$164.89
Costs to cover: 1.695%
Break-even: 2136.7 days

Slippage from Extended: live order book, 58 min ago; OKX: 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, 58 min ago	1.66 bp	49.3 bp −$49	459.2 bp −$4,592	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.86 bp	20.4 bp −$20	161.7 bp −$1,617	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
Bybit PIEVERSEUSDT	+0.0100%	4h	1.8817	−0.051%	$11.3M	$10.7M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8811	−0.081%	$8.6M	$3.3M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8827	+0.005%	$4.1M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8889	+0.332%	$51K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8814	−0.065%	$1K	$686K	20x	as long as short
Extended PIEVERSE-USDlong	+0.0424%	1h	1.8826	long leg	$44K	$253K	5x
MEXC PIEVERSE_USDT	+0.0424%	4h	1.8830	+0.020%	$2.6M	$838K	20x	as long as short
Binance PIEVERSEUSDT	+0.0424%	4h	1.8816	−0.052%	$22.3M	$27.2M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0424%	4h	1.8868	+0.223%	$39K	$435K	10x	as long as short
BingX PIEVERSE-USDT	+0.0426%	4h	1.8836	+0.052%	—	$7.1M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PIEVERSE-USDT-SWAPshort	+0.0427%	4h	1.8835	+0.046%	$7.5M	$18.4M	20x
BloFin PIEVERSE-USDT	+0.0482%	4h	1.8817	−0.049%	$1.1M	$2.4M	40x	as long as short
Aster PIEVERSEUSDT	+0.0789%	4h	1.8843	+0.091%	$172K	$245K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0830%	4h	1.8837	+0.058%	$14.3M	$2.4M	20x	as long as short