Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h +0.040%

Price spread now: KuCoin against Extended−0.054%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1551.554% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.054%, 7d avg −0.054%

Together, before fees+0.534%+ Points / potential airdropExtended: Active · farm board+$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8061	0.0480	pay 0.0060% / 1h	53m 26s	$41K	$207K	5x
Short	KuCoin PIEVERSEUSDTM	1.8051	0.0854	get 0.0427% / 4h	1h 53m	$13.8M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: $78.54
Price spread: −0.054% → −0.054%: $0.05
Slippage, 4 orders: −$138.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.78
Costs to cover: 1.554%
Break-even: 13.8 days

Slippage from Extended: live order book, 53 min ago; KuCoin: live order book, 5 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, 53 min ago	2.50 bp	57.1 bp −$57	455.2 bp −$4,552	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.62 bp	27.7 bp −$28	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	1.8043	−0.100%	$10.8M	$10.7M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8036	−0.139%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.7994	−0.372%	$48K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8016	−0.250%	$1K	$701K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0168%	4h	1.8039	−0.125%	$3.9M	$2.1M	10x	as long as short
BloFin PIEVERSE-USDT	+0.0454%	4h	1.8014	−0.261%	$1.1M	$2.3M	40x	as long as short
Extended PIEVERSE-USDlong	+0.0480%	1h	1.8061	long leg	$41K	$207K	5x
MEXC PIEVERSE_USDT	+0.0480%	4h	1.8068	+0.038%	$2.6M	$817K	20x	as long as short
Binance PIEVERSEUSDT	+0.0481%	4h	1.8068	+0.038%	$21.4M	$27.2M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0496%	4h	1.8011	−0.277%	$37K	$431K	10x	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	+0.0550%	4h	1.8061	−0.001%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0594%	4h	1.8061	−0.001%	$7.1M	$17.5M	20x	as long as short
Aster PIEVERSEUSDT	+0.0672%	4h	1.8054	−0.038%	$167K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTMshort	+0.0854%	4h	1.8051	−0.054%	$13.8M	$2.4M	20x