Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.040%

Price spread now: Extended against KuCoin−0.048%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1591.587% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.048%, 7d avg +0.053%

Together, before fees−0.357%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.101% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8041	0.0818	pay 0.0409% / 4h	1h 06m	$13.8M	$2.4M	20x
Short	Extended PIEVERSE-USD	1.8033	0.0536	get 0.0067% / 1h	6m 33s	$43K	$197K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$59.22
Price spread: −0.048% → +0.053%: −$10.09
Slippage, 4 orders: −$141.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$228.03
Costs to cover: 1.587%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 35 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 KuCoin live order book, 2 min ago	8.64 bp	26.9 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 35 min ago	1.87 bp	76.1 bp −$76	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
Bybit PIEVERSEUSDT	+0.0100%	4h	1.8016	−0.140%	$10.8M	$10.7M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8022	−0.106%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8014	−0.153%	$47K	$12K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8021	−0.112%	$1K	$713K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0174%	4h	1.8042	+0.006%	$3.9M	$2.2M	10x	as long as short
Binance PIEVERSEUSDT	+0.0533%	4h	1.8032	−0.051%	$21.3M	$27.4M	20x	as long as short
Extended PIEVERSE-USDshort	+0.0536%	1h	1.8033	−0.048%	$43K	$197K	5x
MEXC PIEVERSE_USDT	+0.0538%	4h	1.8046	+0.027%	$2.5M	$825K	20x	as long as short
BloFin PIEVERSE-USDT	+0.0546%	4h	1.8052	+0.060%	$1.1M	$2.3M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0560%	4h	1.8052	+0.062%	$37K	$433K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIEVERSE-USDT	+0.0586%	4h	1.8032	−0.051%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0620%	4h	1.8054	+0.071%	$7.1M	$17.5M	20x	as long as short
Aster PIEVERSEUSDT	+0.0695%	4h	1.8022	−0.108%	$168K	$239K	5x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0818%	4h	1.8041	long leg	$13.8M	$2.4M	20x