Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.077%

Price spread now: OKX against Extended+0.035%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1621.621% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.035%, 7d avg +0.006%

Together, before fees−0.811%+ Points / potential airdropExtended: Active · farm board−$81 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and OKX is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.498%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PIEVERSE-USD	1.8379	0.0448	pay 0.0056% / 1h	16m 53s	$43K	$253K	5x
Short	OKX PIEVERSE-USDT-SWAP	1.8385	0.0460	get 0.0230% / 4h	16m 53s	$7.3M	$17.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $2.42
Price spread: +0.035% → +0.006%: $2.85
Slippage, 4 orders: −$147.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$156.85
Costs to cover: 1.621%
Break-even: 461.6 days

Slippage from Extended: live order book, 40 min ago; OKX: live order book, 2 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, 40 min ago	1.66 bp	49.3 bp −$49	459.2 bp −$4,592	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.90 bp	14.7 bp −$15	101.1 bp −$1,011	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	1.8374	−0.027%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8360	−0.101%	$8.4M	$3.4M	25x	as long as short
Bitget PIEVERSEUSDT	+0.0100%	4h	1.8395	+0.091%	$4.0M	$2.2M	10x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8384	+0.030%	$50K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8365	−0.074%	$2K	$680K	20x	as long as short
edgeX PIEVERSEUSDC	+0.0441%	4h	1.8423	+0.241%	$38K	$434K	10x	as long as short
Extended PIEVERSE-USDlong	+0.0448%	1h	1.8379	long leg	$43K	$253K	5x
MEXC PIEVERSE_USDT	+0.0448%	4h	1.8397	+0.100%	$2.6M	$850K	20x	as long as short
Binance PIEVERSEUSDT	+0.0450%	4h	1.8383	+0.024%	$21.8M	$27.0M	20x	as long as short
BingX PIEVERSE-USDT	+0.0454%	4h	1.8379	+0.002%	—	$7.1M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PIEVERSE-USDT-SWAPshort	+0.0460%	4h	1.8385	+0.035%	$7.3M	$17.9M	20x
BloFin PIEVERSE-USDT	+0.0478%	4h	1.8396	+0.095%	$1.1M	$2.4M	40x	as long as short
Aster PIEVERSEUSDT	+0.0750%	4h	1.8376	−0.016%	$168K	$244K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0842%	4h	1.8382	+0.021%	$14.0M	$2.4M	20x	as long as short