Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.089%

Price spread now: Extended against Bybit+0.008%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2292.292% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$25 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.008%, 7d avg +0.057%

Together, before fees+0.313%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.049% cheaper against Bybit than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.057%). If the spread goes back, that is −$5 on $10k: about 6.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.255% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIEVERSEUSDT	1.8219	0.0414	pay 0.0207% / 4h	3h 29m	$10.9M	$9.9M	20x
Short	Extended PIEVERSE-USD	1.8220	0.0440	get 0.0055% / 1h	29m 59s	$44K	$261K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.008%Rate

Funding earned: $5.47
Price spread: +0.008% → +0.057%: −$4.91
Slippage, 4 orders: −$213.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$228.64
Costs to cover: 2.292%
Break-even: 299.7 days

Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 2 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 Bybit live order book, 3 min ago	2.20 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.47 bp	89.0 bp −$89	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	1.8208	−0.060%	$8.4M	$3.2M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8238	+0.103%	$4.0M	$2.0M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8208	−0.057%	$47K	$12K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8205	−0.076%	$1K	$713K	20x	as long as short
BloFin PIEVERSE-USDT	+0.0410%	4h	1.8220	+0.006%	$1.1M	$2.3M	40x	as long as short
Bybit PIEVERSEUSDTlong	+0.0414%	4h	1.8219	long leg	$10.9M	$9.9M	20x
Extended PIEVERSE-USDshort	+0.0440%	1h	1.8220	+0.008%	$44K	$261K	5x
MEXC PIEVERSE_USDT	+0.0442%	4h	1.8238	+0.105%	$2.6M	$800K	20x	as long as short
Binance PIEVERSEUSDT	+0.0443%	4h	1.8246	+0.150%	$21.6M	$26.0M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0455%	4h	1.8226	+0.039%	$37K	$436K	10x	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-SWAP	+0.0514%	4h	1.8240	+0.116%	$7.2M	$16.3M	20x	as long as short
Aster PIEVERSEUSDT	+0.0529%	4h	1.8221	+0.012%	$171K	$211K	5x	as long as short
BingX PIEVERSE-USDT	+0.0706%	4h	1.8237	+0.099%	—	$7.1M	—	as long as short
KuCoin PIEVERSEUSDTM	+0.0714%	4h	1.8220	+0.009%	$13.9M	$2.3M	20x	as long as short