Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h +0.059%

Price spread now: Extended against OKX+0.397%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1441.444% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.491%+$49 on $10k

Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.397%, 7d avg −0.009%

Together, before fees+0.192%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.405% dearer against OKX than usual: you sell high and buy low (spread +0.397% now, against its 7-day average of −0.009%): +$41 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.491%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PIEVERSE-USDT-SWAP	1.8069	0.0601	pay 0.0301% / 4h	1h 49m	$7.2M	$17.5M	20x
Short	Extended PIEVERSE-USD	1.8141	0.0504	get 0.0063% / 1h	49m 53s	$41K	$207K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.397%Rate

Funding earned: −$20.39
Price spread: +0.397% → −0.009%: $40.5
Slippage, 4 orders: −$129.35
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$124.24
Costs to cover: 1.444%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 57 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 OKX live order book, 3 min ago	0.83 bp	23.1 bp −$23	182.2 bp −$1,822	doesn't fit	doesn't fit
Sell Extended live order book, 57 min ago	2.50 bp	45.9 bp −$46	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	1.8089	+0.111%	$10.8M	$10.7M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8109	+0.221%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8152	+0.459%	$48K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8132	+0.349%	$2K	$701K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0170%	4h	1.8144	+0.418%	$3.9M	$2.1M	10x	as long as short
edgeX PIEVERSEUSDC	+0.0462%	4h	1.8075	+0.035%	$37K	$432K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0481%	4h	1.8179	+0.609%	$1.1M	$2.3M	40x	as long as short
MEXC PIEVERSE_USDT	+0.0500%	4h	1.8142	+0.404%	$2.6M	$818K	20x	as long as short
Binance PIEVERSEUSDT	+0.0501%	4h	1.8132	+0.348%	$21.4M	$27.2M	20x	as long as short
Extended PIEVERSE-USDshort	+0.0504%	1h	1.8141	+0.397%	$41K	$207K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIEVERSE-USDT	+0.0564%	4h	1.8129	+0.332%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAPlong	+0.0601%	4h	1.8069	long leg	$7.2M	$17.5M	20x
Aster PIEVERSEUSDT	+0.0691%	4h	1.8140	+0.393%	$168K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0852%	4h	1.8143	+0.409%	$13.8M	$2.4M	20x	as long as short