Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.114%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1951.948% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.114%, 7d avg +0.133%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SAPIENUSDT | 0.07757 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $1.9M | $996K | 25x |
| Short | Bybit SAPIENUSDT | 0.07766 | 0.0100 | get 0.0050% / 4h | 2h 44m | $498K | $99K | 20x |
Binance SAPIENUSDT
Bybit SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.114% → +0.133%
- −$1.98
- Slippage, 4 orders
- −$173.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$196.76
- Costs to cover
- 1.948%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: 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 Binance live order book, 5 min ago | 1.29 bp | 23.0 bp −$23 | 166.1 bp −$1,661 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 5.78 bp | 72.7 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
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 SAPIENUSDT | +0.0100% | 4h | 0.07753 | −0.049% | $44K | $3K | 5x | as long as short |
| Binance SAPIENUSDTlong | +0.0100% | 4h | 0.07757 | long leg | $1.9M | $996K | 25x | |
| Bybit SAPIENUSDTshort | +0.0100% | 4h | 0.07766 | +0.114% | $498K | $99K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07768 | +0.139% | $163K | $79K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07763 | +0.075% | $864K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07756 | −0.015% | $9.2M | $104K | 50x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07752 | −0.067% | $590K | $227K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07763 | +0.075% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07771 | +0.172% | $9K | $3K | — | as long as short |
| BloFin SAPIEN-USDT | +0.0100% | 4h | 0.07762 | +0.062% | $91K | $14K | 25x | as long as short |
Aster SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
MEXC SAPIEN_USDT
Bitget SAPIENUSDT
BingX SAPIEN-USDT
Variational Omni SAPIEN
BloFin SAPIEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07756 | −0.017% | $528 | $144K | 5x | as long as short |
| KuCoin SAPIENUSDTM | +0.0152% | 4h | 0.07759 | +0.023% | $699K | $2.8M | 30x | as long as short |
Extended SAPIEN-USD
KuCoin SAPIENUSDTM