Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h −0.080%

Price spread now: Bybit against Extended+0.202%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$223as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1991.990% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.202%, 7d avg −0.056%

Together, before fees−0.554%+ Points / potential airdropExtended: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.258% dearer against Extended than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of −0.056%): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8473	0.0576	pay 0.0072% / 1h	27m 02s	$42K	$160K	5x
Short	Bybit PIEVERSEUSDT	1.8511	0.0465	get 0.0232% / 4h	27m 02s	$11.1M	$12.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$23.38
Price spread: +0.202% → −0.056%: $25.83
Slippage, 4 orders: −$182.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$196.5
Costs to cover: 1.990%
Break-even: never at this rate

Slippage from Extended: live order book, 49 min ago; Bybit: live order book, 1 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, 49 min ago	1.88 bp	75.2 bp −$75	535.8 bp −$5,358	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.79 bp	35.4 bp −$35	270.9 bp −$2,709	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	1.8483	+0.053%	$8.4M	$3.8M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8366	−0.578%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8482	+0.048%	$1K	$678K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0271%	4h	1.8515	+0.226%	$7.4M	$21.5M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0310%	4h	1.8522	+0.265%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDTshort	+0.0465%	4h	1.8511	+0.202%	$11.1M	$12.3M	20x
BingX PIEVERSE-USDT	+0.0540%	4h	1.8508	+0.189%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0543%	4h	1.8514	+0.221%	$1.1M	$2.5M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0564%	4h	1.8474	+0.006%	$38K	$441K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0572%	4h	1.8509	+0.194%	$2.5M	$880K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0573%	4h	1.8511	+0.203%	$22.0M	$31.1M	20x	as long as short
Extended PIEVERSE-USDlong	+0.0576%	1h	1.8473	long leg	$42K	$160K	5x
Aster PIEVERSEUSDT	+0.0612%	4h	1.8503	+0.161%	$171K	$290K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0744%	4h	1.8495	+0.119%	$14.0M	$2.9M	20x	as long as short