Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h −0.003%

Price spread now: Extended against edgeX−0.218%73s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1271.265% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.465%−$46 · spread now −0.218%, 7d avg −0.068%

Together, before fees−0.489%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$49 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 0.150% cheaper against edgeX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.068%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PIEVERSEUSDC	1.8235	0.0409	pay 0.0205% / 4h	3h 28m	$37K	$436K	10x
Short	Extended PIEVERSE-USD	1.8195	0.0416	get 0.0052% / 1h	28m 13s	$40K	$257K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now −0.218%Rate

Funding earned: $1.39
Price spread: −0.218% → −0.068%: −$15
Slippage, 4 orders: −$112.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$140.13
Costs to cover: 1.265%
Break-even: 714.7 days

Slippage from edgeX: live order book, 25 min ago; Extended: live order book, 24 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 edgeX live order book, 25 min ago	4.79 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	2.81 bp	43.6 bp −$44	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	1.8158	−0.422%	$8.3M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8208	−0.148%	$3.9M	$2.1M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8233	−0.011%	$49K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8174	−0.334%	$1K	$691K	20x	as long as short
edgeX PIEVERSEUSDClong	+0.0409%	4h	1.8235	long leg	$37K	$436K	10x
Extended PIEVERSE-USDshort	+0.0416%	1h	1.8195	−0.218%	$40K	$257K	5x
MEXC PIEVERSE_USDT	+0.0418%	4h	1.8196	−0.213%	$2.6M	$848K	20x	as long as short
Binance PIEVERSEUSDT	+0.0420%	4h	1.8191	−0.242%	$21.5M	$27.1M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0474%	4h	1.8166	−0.378%	$1.1M	$2.4M	40x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0480%	4h	1.8206	−0.158%	$7.2M	$17.8M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIEVERSEUSDT	+0.0551%	4h	1.8176	−0.322%	$10.9M	$10.6M	20x	as long as short
BingX PIEVERSE-USDT	+0.0610%	4h	1.8197	−0.208%	—	$7.1M	—	as long as short
Aster PIEVERSEUSDT	+0.0712%	4h	1.8167	−0.372%	$166K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0786%	4h	1.8188	−0.255%	$13.8M	$2.4M	20x	as long as short