Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.078%

Price spread now: Variational Omni against Bybit+0.208%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.208% dearer against Bybit than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PIEVERSEUSDT	1.8183	0.0100	pay 0.0050% / 4h	2h 13m	$10.9M	$10.6M	20x
Short	Variational Omni PIEVERSE	1.8221	0.0100	get 0.0050% / 4h	2h 13m	$48K	$11K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → 0.000%: $20.84
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.84
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 Bybit live order book, 5 min ago	3.85 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PIEVERSEUSDTlong	+0.0100%	4h	1.8183	long leg	$10.9M	$10.6M	20x
Gate PIEVERSE_USDT	+0.0100%	8h	1.8177	−0.034%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSEshort	+0.0100%	4h	1.8221	+0.208%	$48K	$11K	—
SunX PIEVERSE-USDT	+0.0100%	4h	1.8181	−0.012%	$1K	$698K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0172%	4h	1.8211	+0.154%	$3.9M	$2.1M	10x	as long as short
BloFin PIEVERSE-USDT	+0.0448%	4h	1.8204	+0.115%	$1.1M	$2.3M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0462%	4h	1.8238	+0.299%	$37K	$434K	10x	as long as short
Extended PIEVERSE-USD	+0.0488%	1h	1.8201	+0.096%	$39K	$209K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0488%	4h	1.8202	+0.104%	$2.6M	$824K	20x	as long as short
Binance PIEVERSEUSDT	+0.0489%	4h	1.8197	+0.076%	$21.5M	$27.2M	20x	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	+0.0582%	4h	1.8196	+0.071%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0623%	4h	1.8198	+0.082%	$7.2M	$17.7M	20x	as long as short
Aster PIEVERSEUSDT	+0.0704%	4h	1.8192	+0.049%	$169K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0860%	4h	1.8203	+0.107%	$13.9M	$2.4M	20x	as long as short