Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.003%

Price spread now: Binance against Extended−0.073%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1731.733% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.073%, 7d avg −0.016%

Together, before fees+0.210%+ Points / potential airdropExtended: Active · farm board+$21 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: Binance is 0.057% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8240	0.0488	pay 0.0061% / 1h	10m 44s	$41K	$251K	5x
Short	Binance PIEVERSEUSDT	1.8227	0.0487	get 0.0244% / 4h	1h 10m	$21.6M	$27.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$0.15
Price spread: −0.073% → −0.016%: −$5.69
Slippage, 4 orders: −$158.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$179.1
Costs to cover: 1.733%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; Binance: live order book, just now.

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, 51 min ago	1.73 bp	74.4 bp −$74	487.9 bp −$4,879	doesn't fit	doesn't fit
Sell Binance live order book, just now	1.64 bp	22.5 bp −$22	145.0 bp −$1,450	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	1.8219	−0.117%	$10.8M	$10.7M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8212	−0.155%	$8.3M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8252	+0.063%	$4.0M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8198	−0.230%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8172	−0.375%	$2K	$675K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0426%	4h	1.8244	+0.020%	$7.2M	$17.8M	20x	as long as short
BingX PIEVERSE-USDT	+0.0464%	4h	1.8246	+0.031%	—	$7.1M	—	as long as short
MEXC PIEVERSE_USDT	+0.0486%	4h	1.8238	−0.013%	$2.6M	$854K	20x	as long as short
Binance PIEVERSEUSDTshort	+0.0487%	4h	1.8227	−0.073%	$21.6M	$27.0M	20x
Extended PIEVERSE-USDlong	+0.0488%	1h	1.8240	long leg	$41K	$251K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX PIEVERSEUSDC	+0.0492%	4h	1.8219	−0.116%	$37K	$431K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0518%	4h	1.8230	−0.057%	$1.1M	$2.3M	40x	as long as short
Aster PIEVERSEUSDT	+0.0689%	4h	1.8236	−0.023%	$166K	$253K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0866%	4h	1.8240	0.000%	$13.9M	$2.4M	20x	as long as short