Funding arb · Price arb /

PIEVERSE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.003%

Price spread now: Extended against MEXC−0.069%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.069%, 7d avg +0.012%

Together, before fees−0.043%+ Points / potential airdropExtended: Active · farm board−$4 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: Extended is 0.081% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PIEVERSE_USDT	1.8068	0.0530	pay 0.0265% / 4h	1h 02m	$2.5M	$826K	20x
Short	Extended PIEVERSE-USD	1.8056	0.0528	get 0.0066% / 1h	2m 04s	$43K	$205K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$0.42
Price spread: −0.069% → +0.012%: −$8.05
Slippage, 4 orders: −$138.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$156.08
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 39 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 MEXC live order book, 5 min ago	0.83 bp	19.5 bp −$19	69.0 bp −$690	501.5 bp −$50.1K	doesn't fit
Sell Extended live order book, 39 min ago	1.87 bp	76.1 bp −$76	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	1.8060	−0.044%	$10.8M	$10.7M	20x	as long as short
Gate PIEVERSE_USDT	+0.0100%	8h	1.8035	−0.183%	$8.3M	$3.4M	25x	as long as short
Variational Omni PIEVERSE	+0.0100%	4h	1.8025	−0.236%	$47K	$12K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8048	−0.111%	$2K	$713K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0174%	4h	1.8071	+0.019%	$3.9M	$2.2M	10x	as long as short
BloFin PIEVERSE-USDT	+0.0494%	4h	1.8061	−0.039%	$1.1M	$2.3M	40x	as long as short
edgeX PIEVERSEUSDC	+0.0525%	4h	1.8050	−0.101%	$37K	$434K	10x	as long as short
Extended PIEVERSE-USDshort	+0.0528%	1h	1.8056	−0.069%	$43K	$205K	5x
MEXC PIEVERSE_USDTlong	+0.0530%	4h	1.8068	long leg	$2.5M	$826K	20x
Binance PIEVERSEUSDT	+0.0531%	4h	1.8073	+0.027%	$21.4M	$27.4M	20x	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	+0.0592%	4h	1.8058	−0.055%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAP	+0.0621%	4h	1.8056	−0.066%	$7.1M	$17.5M	20x	as long as short
Aster PIEVERSEUSDT	+0.0694%	4h	1.8049	−0.105%	$168K	$239K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0830%	4h	1.8056	−0.066%	$13.8M	$2.4M	20x	as long as short