Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: KuCoin against Binance+0.051%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2302.299% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.051%, 7d avg +0.036%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SAPIENUSDT | 0.07890 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $2.0M | $996K | 25x |
| Short | KuCoin SAPIENUSDTM | 0.07894 | 0.0100 | get 0.0050% / 4h | 3h 29m | $699K | $3.0M | 30x |
Binance SAPIENUSDT
KuCoin SAPIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.051% → +0.036%
- $1.45
- Slippage, 4 orders
- −$207.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$228.4
- Costs to cover
- 2.299%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 3 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, 4 min ago | 1.27 bp | 38.8 bp −$39 | 393.7 bp −$3,937 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.34 bp | 71.6 bp −$72 | 442.8 bp −$4,428 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0056% | 4h | 0.07888 | −0.025% | $91K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07888 | −0.028% | $46K | $4K | 5x | as long as short |
| Binance SAPIENUSDTlong | +0.0100% | 4h | 0.07890 | long leg | $2.0M | $996K | 25x | |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07902 | +0.152% | $509K | $108K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07899 | +0.114% | $167K | $75K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07896 | +0.076% | $873K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07893 | +0.038% | $9.3M | $106K | 50x | as long as short |
| KuCoin SAPIENUSDTMshort | +0.0100% | 4h | 0.07894 | +0.051% | $699K | $3.0M | 30x | |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07888 | −0.025% | $603K | $259K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07894 | +0.051% | — | $6.5M | — | as long as short |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
MEXC SAPIEN_USDT
Bitget SAPIENUSDT
BingX SAPIEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07903 | +0.166% | $10K | $4K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07891 | +0.008% | $3K | $164K | 5x | as long as short |
Variational Omni SAPIEN
Extended SAPIEN-USD