Settings8H · net · $10k
Funding arb · Price arb /

SAPIEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.17 per $10,000 · paid last 24h −0.008%
Price spread now: OKX against BloFin+0.241%73s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.241% dearer against BloFin than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SAPIEN-USDT0.078940.0066pay 0.0033% / 4h2h 52m$90K$16K25x
ShortOKX SAPIEN-USDT-SWAP0.079130.0100get 0.0050% / 4h2h 52m$168K$76K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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

Funding earned
$7.17
Price spread: +0.241% → 0.000%
$24.07
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
$9.23
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; OKX: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell OKX live order book, 58 min ago6.33 bp50.8 bp −$51doesn't fitdoesn't fitdoesn't fit
BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SAPIEN-USDTlong+0.0066%4h0.07894long leg$90K$16K25x
Aster SAPIENUSDT+0.0100%4h0.07888−0.076%$46K$4K5xas long as short
Binance SAPIENUSDT+0.0100%4h0.07899+0.063%$2.0M$991K25xas long as short
OKX SAPIEN-USDT-SWAPshort+0.0100%4h0.07913+0.241%$168K$76K10x
Gate SAPIEN_USDT+0.0100%4h0.07900+0.076%$874K$64K50xas long as short
MEXC SAPIEN_USDT+0.0100%4h0.07896+0.025%$9.3M$105K50xas long as short
KuCoin SAPIENUSDTM+0.0100%4h0.07897+0.038%$700K$3.0M30xas long as short
Bitget SAPIENUSDT+0.0100%4h0.07882−0.152%$603K$259K25xas long as short
Variational Omni SAPIEN+0.0100%4h0.07910+0.204%$10K$4Kas long as short
Extended SAPIEN-USD+0.0104%1h0.07894−0.006%$1K$159K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SAPIEN-USDT+0.0568%4h0.07900+0.076%$6.5Mas long as short
Bybit SAPIENUSDT+0.0588%4h0.07907+0.165%$510K$110K20xas long as short