Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit−0.202%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2812.806% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.202%, 7d avg −0.164%
=Together, before fees+0.068%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.038% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.164%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SAPIENUSDT | 0.07784 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $499K | $99K | 20x |
| Short | Extended SAPIEN-USD | 0.07768 | 0.0104 | get 0.0013% / 1h | 30m 14s | $528 | $144K | 5x |
Bybit SAPIENUSDT
Extended SAPIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.202% → −0.164%
- −$3.78
- Slippage, 4 orders
- −$264.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$283.58
- Costs to cover
- 2.806%
- Break-even
- 2370.2 days
Slippage from Bybit: live order book, 54 min ago; Extended: live order book, 55 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, 54 min ago | 5.78 bp | 71.8 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 55 min ago | 5.84 bp | 76.4 bp −$76 | 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 | 0.07768 | −0.204% | $44K | $3K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07769 | −0.188% | $1.9M | $997K | 25x | as long as short |
| Bybit SAPIENUSDTlong | +0.0100% | 4h | 0.07784 | long leg | $499K | $99K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07772 | −0.154% | $163K | $78K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07781 | −0.039% | $866K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07767 | −0.218% | $9.2M | $104K | 50x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07765 | −0.244% | $591K | $227K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07777 | −0.090% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07779 | −0.062% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USDshort | +0.0104% | 1h | 0.07768 | −0.202% | $528 | $144K | 5x |
Aster SAPIENUSDT
Binance SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
MEXC SAPIEN_USDT
Bitget SAPIENUSDT
BingX SAPIEN-USDT
Variational Omni SAPIENShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0113% | 4h | 0.07774 | −0.128% | $91K | $15K | 25x | as long as short |
| KuCoin SAPIENUSDTM | +0.0122% | 4h | 0.07770 | −0.180% | $699K | $2.9M | 30x | as long as short |
BloFin SAPIEN-USDT
KuCoin SAPIENUSDTM