Funding arb · Price arb /

SAPIEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Aster−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.020% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SAPIENUSDT	0.07847	0.0100	pay 0.0050% / 4h	1h 43m	$45K	$4K	5x
Short	Variational Omni SAPIEN	0.07845	0.0100	get 0.0050% / 4h	1h 43m	$9K	$3K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → 0.000%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.04
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: no order-book sample. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Aster and Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SAPIEN on 12 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
Aster SAPIENUSDTlong	+0.0100%	4h	0.07847	long leg	$45K	$4K	5x
Binance SAPIENUSDT	+0.0100%	4h	0.07853	+0.076%	$1.9M	$998K	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07857	+0.131%	$506K	$106K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07847	+0.003%	$165K	$77K	10x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07852	+0.067%	$9.3M	$102K	50x	as long as short
Bitget SAPIENUSDT	+0.0100%	4h	0.07847	+0.003%	$602K	$259K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07843	−0.048%	—	$6.5M	—	as long as short
Variational Omni SAPIENshort	+0.0100%	4h	0.07845	−0.020%	$9K	$3K	—
Extended SAPIEN-USD	+0.0104%	1h	0.07851	+0.054%	$158	$159K	5x	as long as short
BloFin SAPIEN-USDT	+0.0115%	4h	0.07844	−0.035%	$90K	$15K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SAPIENUSDTM	+0.0126%	4h	0.07850	+0.042%	$708K	$2.9M	30x	as long as short
Gate SAPIEN_USDT	+0.0662%	4h	0.07854	+0.093%	$870K	$66K	50x	as long as short