Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.004%

Price spread now: Extended against MEXC−0.030%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1231.229% of the position

Long on MEXC 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)−0.036%−$4 · spread now −0.030%, 7d avg +0.011%

Together, before fees−0.048%+ Points / potential airdropExtended: Active · farm board−$5 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: Extended is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIEVERSE_USDT	1.8167	0.0510	pay 0.0255% / 4h	36m 26s	$2.6M	$814K	20x
Short	Extended PIEVERSE-USD	1.8162	0.0504	get 0.0063% / 1h	36m 26s	$40K	$264K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$1.26
Price spread: −0.030% → +0.011%: −$4.08
Slippage, 4 orders: −$113.86
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$128.2
Costs to cover: 1.229%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Extended: live order book, 65 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 MEXC live order book, 6 min ago	0.28 bp	10.5 bp −$11	72.2 bp −$722	507.6 bp −$50.8K	doesn't fit
Sell Extended live order book, 65 min ago	1.87 bp	76.1 bp −$76	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	1.8154	−0.072%	$10.9M	$10.3M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8147	−0.110%	$8.3M	$3.3M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8160	−0.039%	$47K	$12K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8157	−0.055%	$1K	$712K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0122%	4h	1.8169	+0.010%	$3.9M	$2.1M	10x	as long as short
BloFin PIEVERSE-USDT	+0.0480%	4h	1.8187	+0.110%	$1.1M	$2.3M	40x	as long as short
Extended PIEVERSE-USDshort	+0.0504%	1h	1.8162	−0.030%	$40K	$264K	5x
Binance PIEVERSEUSDT	+0.0507%	4h	1.8165	−0.009%	$21.5M	$26.8M	20x	as long as short
MEXC PIEVERSE_USDTlong	+0.0510%	4h	1.8167	long leg	$2.6M	$814K	20x
edgeX PIEVERSEUSDC	+0.0515%	4h	1.8188	+0.114%	$37K	$433K	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	+0.0574%	4h	1.8163	−0.022%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0602%	4h	1.8164	−0.017%	$7.2M	$17.0M	20x	as long as short
Aster PIEVERSEUSDT	+0.0643%	4h	1.8168	+0.006%	$169K	$231K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0794%	4h	1.8149	−0.100%	$13.9M	$2.3M	20x	as long as short