Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.026%

Price spread now: Extended against KuCoin+0.093%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1701.696% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.093%, 7d avg +0.059%

Together, before fees−0.559%+ Points / potential airdropExtended: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.034% dearer against KuCoin than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.059%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PIEVERSEUSDTM	1.8380	0.0752	pay 0.0376% / 4h	3h 51m	$14.0M	$3.0M	20x
Short	Extended PIEVERSE-USD	1.8397	0.0576	get 0.0072% / 1h	51m 09s	$44K	$163K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$36.96
Price spread: +0.093% → +0.059%: $3.41
Slippage, 4 orders: −$152.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$203.17
Costs to cover: 1.696%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Extended: live order book, 20 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 KuCoin live order book, 7 min ago	4.78 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 20 min ago	2.61 bp	36.8 bp −$37	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
Gate PIEVERSE_USDT	+0.0100%	8h	1.8366	−0.074%	$8.4M	$3.5M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8385	+0.027%	$49K	$10K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8372	−0.041%	$2K	$685K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0252%	4h	1.8405	+0.138%	$4.0M	$2.9M	10x	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0321%	4h	1.8392	+0.067%	$7.3M	$21.3M	20x	as long as short
BingX PIEVERSE-USDT	+0.0542%	4h	1.8391	+0.062%	—	$7.2M	—	as long as short
BloFin PIEVERSE-USDT	+0.0545%	4h	1.8409	+0.160%	$1.1M	$2.5M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0558%	4h	1.8419	+0.212%	$38K	$443K	10x	as long as short
MEXC PIEVERSE_USDT	+0.0572%	4h	1.8400	+0.111%	$2.5M	$874K	20x	as long as short
Extended PIEVERSE-USDshort	+0.0576%	1h	1.8397	+0.093%	$44K	$163K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PIEVERSEUSDT	+0.0579%	4h	1.8397	+0.095%	$21.9M	$31.2M	20x	as long as short
Aster PIEVERSEUSDT	+0.0617%	4h	1.8400	+0.111%	$170K	$291K	5x	as long as short
KuCoin PIEVERSEUSDTMlong	+0.0752%	4h	1.8380	long leg	$14.0M	$3.0M	20x
Bybit PIEVERSEUSDT	+0.1079%	4h	1.8393	+0.073%	$11.1M	$12.3M	20x	as long as short