Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.018%

Price spread now: Extended against KuCoin−0.009%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1871.868% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 4 days (all we have)−0.235%−$23 · spread now −0.009%, 7d avg +0.059%

Together, before fees−0.431%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.067% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8425	0.0704	pay 0.0352% / 4h	39m 42s	$14.0M	$2.9M	20x
Short	Extended PIEVERSE-USD	1.8423	0.0560	get 0.0070% / 1h	39m 42s	$41K	$160K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$30.24
Price spread: −0.009% → +0.059%: −$6.74
Slippage, 4 orders: −$169.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$223.74
Costs to cover: 1.868%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 36 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 KuCoin live order book, 4 min ago	10.32 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	1.88 bp	52.7 bp −$53	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	1.8396	−0.157%	$8.4M	$3.8M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8340	−0.460%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8377	−0.260%	$2K	$674K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0244%	4h	1.8413	−0.065%	$7.4M	$21.5M	20x	as long as short
Bitget PIEVERSEUSDT	+0.0298%	4h	1.8421	−0.021%	$4.0M	$2.9M	10x	as long as short
Bybit PIEVERSEUSDT	+0.0437%	4h	1.8389	−0.195%	$11.1M	$12.3M	20x	as long as short
BingX PIEVERSE-USDT	+0.0540%	4h	1.8420	−0.027%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0554%	4h	1.8356	−0.374%	$1.1M	$2.5M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0558%	4h	1.8370	−0.300%	$38K	$444K	10x	as long as short
Extended PIEVERSE-USDshort	+0.0560%	1h	1.8423	−0.009%	$41K	$160K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC PIEVERSE_USDT	+0.0562%	4h	1.8426	+0.006%	$2.5M	$877K	20x	as long as short
Binance PIEVERSEUSDT	+0.0569%	4h	1.8408	−0.092%	$21.9M	$31.1M	20x	as long as short
Aster PIEVERSEUSDT	+0.0599%	4h	1.8419	−0.032%	$171K	$291K	5x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0704%	4h	1.8425	long leg	$14.0M	$2.9M	20x