Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.004%

Price spread now: Extended against edgeX−0.454%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1481.482% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.424%−$42 · spread now −0.454%, 7d avg −0.065%

Together, before fees−0.435%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.389% cheaper against edgeX than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.065%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PIEVERSEUSDC	1.8496	0.0485	pay 0.0243% / 4h	18m 47s	$38K	$433K	10x
Short	Extended PIEVERSE-USD	1.8412	0.0456	get 0.0057% / 1h	18m 47s	$43K	$253K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now −0.454%Rate

Funding earned: −$6.1
Price spread: −0.454% → −0.065%: −$38.94
Slippage, 4 orders: −$134.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$193.23
Costs to cover: 1.482%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 min ago; Extended: live order book, 38 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 edgeX live order book, 40 min ago	4.61 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	1.66 bp	72.9 bp −$73	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	1.8380	−0.623%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8383	−0.609%	$8.4M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8423	−0.395%	$4.0M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8384	−0.603%	$50K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8405	−0.490%	$2K	$679K	20x	as long as short
BloFin PIEVERSE-USDT	+0.0432%	4h	1.8407	−0.479%	$1.1M	$2.4M	40x	as long as short
Binance PIEVERSEUSDT	+0.0450%	4h	1.8413	−0.447%	$21.8M	$27.0M	20x	as long as short
MEXC PIEVERSE_USDT	+0.0454%	4h	1.8422	−0.398%	$2.6M	$850K	20x	as long as short
BingX PIEVERSE-USDT	+0.0454%	4h	1.8407	−0.479%	—	$7.1M	—	as long as short
Extended PIEVERSE-USDshort	+0.0456%	1h	1.8412	−0.454%	$43K	$253K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PIEVERSE-USDT-SWAP	+0.0463%	4h	1.8402	−0.506%	$7.3M	$18.0M	20x	as long as short
edgeX PIEVERSEUSDClong	+0.0485%	4h	1.8496	long leg	$38K	$433K	10x
Aster PIEVERSEUSDT	+0.0749%	4h	1.8398	−0.528%	$168K	$244K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0840%	4h	1.8411	−0.456%	$14.0M	$2.4M	20x	as long as short