Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.157%

Price spread now: Variational Omni against Extended−0.539%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.539% cheaper against Extended than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8449	0.0528	pay 0.0066% / 1h	18m 51s	$42K	$243K	5x
Short	Variational Omni PIEVERSE	1.8349	0.0100	get 0.0050% / 4h	3h 18m	$49K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.539%Rate

Funding earned: −$89.88
Price spread: −0.539% → 0.000%: −$53.94
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$148.82
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 52 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 52 min ago	2.61 bp	82.5 bp −$83	519.1 bp −$5,191	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.8399	−0.271%	$8.4M	$3.5M	25x	as long as short
Variational Omni PIEVERSEshort	+0.0100%	4h	1.8349	−0.539%	$49K	$10K	—
SunX PIEVERSE-USDT	+0.0100%	4h	1.8380	−0.374%	$2K	$665K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0162%	4h	1.8456	+0.040%	$4.0M	$2.4M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0265%	4h	1.8440	−0.049%	$11.1M	$11.3M	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0318%	4h	1.8455	+0.033%	$7.4M	$19.1M	20x	as long as short
BingX PIEVERSE-USDT	+0.0516%	4h	1.8445	−0.022%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0528%	4h	1.8469	+0.108%	$1.1M	$2.4M	40x	as long as short
Extended PIEVERSE-USDlong	+0.0528%	1h	1.8449	long leg	$42K	$243K	5x
MEXC PIEVERSE_USDT	+0.0528%	4h	1.8454	+0.027%	$2.5M	$883K	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	+0.0529%	4h	1.8451	+0.011%	$21.9M	$28.3M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0557%	4h	1.8361	−0.477%	$38K	$445K	10x	as long as short
Aster PIEVERSEUSDT	+0.0571%	4h	1.8451	+0.009%	$170K	$271K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0764%	4h	1.8449	−0.002%	$14.0M	$2.6M	20x	as long as short