Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.135%

Price spread now: Aster against Extended−0.073%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1741.737% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.719%+$72 on $10k

Price spread, last 4 days (all we have)−0.285%−$29 · spread now −0.073%, 7d avg −0.111%

Together, before fees+0.434%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.038% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8408	0.0520	pay 0.0065% / 1h	10m 25s	$42K	$243K	5x
Short	Aster PIEVERSEUSDT	1.8394	0.0570	get 0.0285% / 4h	3h 10m	$170K	$266K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.073%Rate

Funding earned: $10.45
Price spread: −0.073% → −0.111%: $3.81
Slippage, 4 orders: −$160.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$159.46
Costs to cover: 1.737%
Break-even: 113.9 days

Slippage from Extended: live order book, 60 min ago; Aster: live order book, 61 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 Extended live order book, 60 min ago	2.61 bp	82.5 bp −$83	519.1 bp −$5,191	doesn't fit	doesn't fit
Sell Aster live order book, 61 min ago	4.55 bp	27.9 bp −$28	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	1.8399	−0.047%	$11.1M	$11.2M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8375	−0.178%	$8.4M	$3.5M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8374	−0.184%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8394	−0.075%	$1K	$662K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0138%	4h	1.8423	+0.083%	$4.0M	$2.4M	10x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0319%	4h	1.8419	+0.061%	$7.4M	$18.8M	20x	as long as short
BingX PIEVERSE-USDT	+0.0504%	4h	1.8408	+0.001%	—	$7.1M	—	as long as short
Binance PIEVERSEUSDT	+0.0518%	4h	1.8411	+0.018%	$21.9M	$27.9M	20x	as long as short
Extended PIEVERSE-USDlong	+0.0520%	1h	1.8408	long leg	$42K	$243K	5x
MEXC PIEVERSE_USDT	+0.0522%	4h	1.8412	+0.023%	$2.5M	$884K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PIEVERSEUSDC	+0.0524%	4h	1.8448	+0.217%	$38K	$446K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0536%	4h	1.8385	−0.124%	$1.1M	$2.4M	40x	as long as short
Aster PIEVERSEUSDTshort	+0.0570%	4h	1.8394	−0.073%	$170K	$266K	5x
KuCoin PIEVERSEUSDTM	+0.0782%	4h	1.8417	+0.047%	$14.0M	$2.6M	20x	as long as short