Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0266%/8h= +29.1% APRpaid last 24h +0.040%

Price spread now: KuCoin against Extended+0.349%7-day average −0.053% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1531.528% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.349%, 7d avg −0.053%

Together, before fees+0.055%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.403% dearer against Extended than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8153	0.0536	pay 0.0067% / 1h	27m 21s	$41K	$192K	5x
Short	KuCoin PIEVERSEUSDTM	1.8216	0.0802	get 0.0401% / 4h	1h 27m	$13.9M	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.349%Rate

Funding earned: $55.86
Price spread: +0.349% → −0.053%: $40.27
Slippage, 4 orders: −$135.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.65
Costs to cover: 1.528%
Break-even: 14.1 days

Slippage from Extended: live order book, 14 min ago; KuCoin: live order book, 1 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, 14 min ago	1.87 bp	28.6 bp −$29	408.6 bp −$4,086	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	7.13 bp	22.9 bp −$23	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	1.8172	+0.106%	$10.9M	$10.7M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8178	+0.139%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8208	+0.306%	$48K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8196	+0.239%	$1K	$710K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0174%	4h	1.8188	+0.195%	$3.9M	$2.1M	10x	as long as short
MEXC PIEVERSE_USDT	+0.0532%	4h	1.8220	+0.371%	$2.6M	$822K	20x	as long as short
Binance PIEVERSEUSDT	+0.0534%	4h	1.8172	+0.106%	$21.5M	$27.4M	20x	as long as short
Extended PIEVERSE-USDlong	+0.0536%	1h	1.8153	long leg	$41K	$192K	5x
BloFin PIEVERSE-USDT	+0.0543%	4h	1.8226	+0.404%	$1.1M	$2.3M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0548%	4h	1.8229	+0.423%	$37K	$431K	10x	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	+0.0576%	4h	1.8173	+0.112%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0594%	4h	1.8165	+0.068%	$7.2M	$17.6M	20x	as long as short
Aster PIEVERSEUSDT	+0.0692%	4h	1.8182	+0.164%	$169K	$239K	5x	as long as short
KuCoin PIEVERSEUSDTMshort	+0.0802%	4h	1.8216	+0.349%	$13.9M	$2.4M	20x