Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.006%

Price spread now: edgeX against Extended−0.323%93s7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as 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−$1131.130% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+3.540%+$354 · spread now −0.323%, 7d avg +0.067%

Together, before fees+3.557%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$356 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.389% cheaper against Extended than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of +0.067%). Swap the legs. The two prices were read 93 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	Extended PIEVERSE-USD	1.8166	0.0504	pay 0.0063% / 1h	44m 05s	$41K	$241K	5x
Short	edgeX PIEVERSEUSDC	1.8107	0.0492	get 0.0246% / 4h	2h 44m	$37K	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.323%Rate

Funding earned: −$2.6
Price spread: −0.323% → +0.067%: −$38.92
Slippage, 4 orders: −$99.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$154.54
Costs to cover: 1.130%
Break-even: never at this rate

Slippage from Extended: live order book, 23 min ago; edgeX: 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 Extended live order book, 23 min ago	2.89 bp	58.3 bp −$58	474.0 bp −$4,740	doesn't fit	doesn't fit
Sell edgeX live order book, 24 min ago	4.63 bp	13.0 bp −$13	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	1.8147	−0.102%	$10.8M	$11.2M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8113	−0.292%	$8.3M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8174	+0.045%	$3.9M	$2.3M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8096	−0.387%	$48K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8164	−0.011%	$2K	$666K	20x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0313%	4h	1.8175	+0.050%	$7.2M	$18.5M	20x	as long as short
BloFin PIEVERSE-USDT	+0.0445%	4h	1.8126	−0.220%	$1.1M	$2.4M	40x	as long as short
BingX PIEVERSE-USDT	+0.0470%	4h	1.8157	−0.049%	—	$7.2M	—	as long as short
edgeX PIEVERSEUSDCshort	+0.0492%	4h	1.8107	−0.323%	$37K	$433K	10x
MEXC PIEVERSE_USDT	+0.0494%	4h	1.8158	−0.044%	$2.4M	$836K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0502%	4h	1.8167	+0.004%	$21.6M	$27.7M	20x	as long as short
Extended PIEVERSE-USDlong	+0.0504%	1h	1.8166	long leg	$41K	$241K	5x
Aster PIEVERSEUSDT	+0.0549%	4h	1.8161	−0.027%	$167K	$264K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0742%	4h	1.8159	−0.036%	$13.8M	$2.6M	20x	as long as short