Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.004%

Price spread now: Binance against Extended+0.056%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1311.313% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.056%, 7d avg −0.017%

Together, before fees−0.037%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.073% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8170	0.0504	pay 0.0063% / 1h	43m 23s	$41K	$241K	5x
Short	Binance PIEVERSEUSDT	1.8181	0.0497	get 0.0248% / 4h	2h 43m	$21.6M	$27.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$1.56
Price spread: +0.056% → −0.017%: $7.32
Slippage, 4 orders: −$116.32
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$125.56
Costs to cover: 1.313%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; Binance: live order book, 13 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 Extended live order book, 24 min ago	2.89 bp	58.3 bp −$58	474.0 bp −$4,740	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.82 bp	24.0 bp −$24	127.8 bp −$1,278	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	1.8149	−0.118%	$10.8M	$11.2M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8142	−0.157%	$8.3M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8180	+0.051%	$3.9M	$2.3M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8096	−0.411%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8164	−0.036%	$2K	$666K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0318%	4h	1.8175	+0.025%	$7.2M	$18.5M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0445%	4h	1.8126	−0.245%	$1.1M	$2.4M	40x	as long as short
BingX PIEVERSE-USDT	+0.0470%	4h	1.8169	−0.008%	—	$7.1M	—	as long as short
edgeX PIEVERSEUSDC	+0.0492%	4h	1.8107	−0.347%	$37K	$433K	10x	as long as short
Binance PIEVERSEUSDTshort	+0.0497%	4h	1.8181	+0.056%	$21.6M	$27.7M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIEVERSE_USDT	+0.0500%	4h	1.8169	−0.008%	$2.4M	$836K	20x	as long as short
Extended PIEVERSE-USDlong	+0.0504%	1h	1.8170	long leg	$41K	$241K	5x
Aster PIEVERSEUSDT	+0.0549%	4h	1.8168	−0.014%	$167K	$264K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0746%	4h	1.8173	+0.012%	$13.8M	$2.6M	20x	as long as short