Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against BingX+0.039%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2182.180% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.039%, 7d avg +0.065%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.026% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAPIEN-USDT | 0.07787 | 0.0100 | pay 0.0050% / 4h | 29m 29s | — | $6.5M | — |
| Short | Bybit SAPIENUSDT | 0.07790 | 0.0100 | get 0.0050% / 4h | 29m 29s | $500K | $100K | 20x |
BingX SAPIEN-USDT
Bybit SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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: +0.039% → +0.065%
- −$2.61
- Slippage, 4 orders
- −$197.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$220.63
- Costs to cover
- 2.180%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 40 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 BingX live order book, 7 min ago | 6.42 bp | 36.5 bp −$36 | 100.9 bp −$1,009 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 40 min ago | 7.06 bp | 83.9 bp −$84 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0076% | 4h | 0.07785 | −0.026% | $90K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07779 | −0.107% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07783 | −0.053% | $1.9M | $999K | 25x | as long as short |
| Bybit SAPIENUSDTshort | +0.0100% | 4h | 0.07790 | +0.039% | $500K | $100K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07786 | −0.013% | $164K | $80K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07794 | +0.090% | $867K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07783 | −0.051% | $9.2M | $104K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07779 | −0.103% | $687K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07780 | −0.090% | $604K | $234K | 25x | as long as short |
| BingX SAPIEN-USDTlong | +0.0100% | 4h | 0.07787 | long leg | — | $6.5M | — |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Binance SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07795 | +0.098% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07782 | −0.070% | $528 | $144K | 5x | as long as short |
Variational Omni SAPIEN
Extended SAPIEN-USD