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: BingX against Bybit0.000%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2262.257% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now 0.000%, 7d avg −0.065%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.065% dearer against Bybit than usual: you sell high and buy low, +$7 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 | Bybit SAPIENUSDT | 0.07789 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $499K | $99K | 20x |
| Short | BingX SAPIEN-USDT | 0.07789 | 0.0100 | get 0.0050% / 4h | 1h 38m | — | $6.5M | — |
Bybit SAPIENUSDT
BingX SAPIEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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: 0.000% → −0.065%
- $6.53
- Slippage, 4 orders
- −$204.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$219.22
- Costs to cover
- 2.257%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 36 min ago; BingX: live order book, 12 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 Bybit live order book, 36 min ago | 1.93 bp | 77.6 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 7.08 bp | 33.8 bp −$34 | 95.8 bp −$958 | 685.9 bp −$68.6K | 1072.2 bp −$536.1K |
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 | +0.0062% | 4h | 0.07781 | −0.103% | $90K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07772 | −0.222% | $45K | $3K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07780 | −0.116% | $1.9M | $993K | 25x | as long as short |
| Bybit SAPIENUSDTlong | +0.0100% | 4h | 0.07789 | long leg | $499K | $99K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07790 | +0.013% | $164K | $79K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07781 | −0.103% | $866K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07780 | −0.116% | $9.2M | $104K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07788 | −0.013% | $697K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07781 | −0.103% | $592K | $227K | 25x | as long as short |
| BingX SAPIEN-USDTshort | +0.0100% | 4h | 0.07789 | 0.000% | — | $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 | +0.072% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07781 | −0.103% | $527 | $144K | 5x | as long as short |
Variational Omni SAPIEN
Extended SAPIEN-USD