Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.078%

Price spread now: Bybit against Variational Omni+0.082%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.082% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PIEVERSE	1.8014	0.0100	pay 0.0050% / 4h	1h 07m	$47K	$12K	—
Short	Bybit PIEVERSEUSDT	1.8029	0.0100	get 0.0050% / 4h	1h 07m	$10.8M	$10.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → 0.000%: $8.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.77
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 5 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	3.32 bp	53.1 bp −$53	275.7 bp −$2,757	doesn't fit	doesn't fit

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
Bybit PIEVERSEUSDTshort	+0.0100%	4h	1.8029	+0.082%	$10.8M	$10.7M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8027	+0.074%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSElong	+0.0100%	4h	1.8014	long leg	$47K	$12K	—
SunX PIEVERSE-USDT	+0.0100%	4h	1.8041	+0.152%	$2K	$713K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0178%	4h	1.8050	+0.203%	$3.9M	$2.2M	10x	as long as short
Extended PIEVERSE-USD	+0.0536%	1h	1.8039	+0.140%	$43K	$197K	5x	as long as short
Binance PIEVERSEUSDT	+0.0540%	4h	1.8049	+0.196%	$21.4M	$27.4M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0544%	4h	1.8050	+0.202%	$2.5M	$825K	20x	as long as short
edgeX PIEVERSEUSDC	+0.0545%	4h	1.8068	+0.302%	$37K	$432K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0562%	4h	1.8075	+0.340%	$1.1M	$2.3M	40x	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	1.8051	+0.207%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0623%	4h	1.8049	+0.196%	$7.1M	$17.5M	20x	as long as short
Aster PIEVERSEUSDT	+0.0695%	4h	1.8025	+0.063%	$168K	$239K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0824%	4h	1.8047	+0.187%	$13.8M	$2.4M	20x	as long as short