Funding you earn now, next payment 08:00 UTC−0.0331%/8h= −36.2% APRnext payment −$1.65 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit−0.203%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2062.064% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.203%, 7d avg −0.131%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.072% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.131%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SAPIENUSDT | 0.07873 | 0.0431 | pay 0.0215% / 4h | 3h 01m | $508K | $110K | 20x |
| Short | MEXC SAPIEN_USDT | 0.07857 | 0.0100 | get 0.0050% / 4h | 3h 01m | $9.3M | $108K | 50x |
Bybit SAPIENUSDT
MEXC SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$69.46
- Price spread: −0.203% → −0.131%
- −$7.22
- Slippage, 4 orders
- −$191.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$283.08
- Costs to cover
- 2.064%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 43 min ago; MEXC: live order book, 1 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, 43 min ago | 5.06 bp | 83.7 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.91 bp | 26.7 bp −$27 | 61.0 bp −$610 | 248.5 bp −$24.9K | 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 | 0.07857 | −0.205% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07857 | −0.200% | $2.0M | $989K | 25x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07873 | 0.000% | $167K | $76K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07866 | −0.089% | $870K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDTshort | +0.0100% | 4h | 0.07857 | −0.203% | $9.3M | $108K | 50x | |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07860 | −0.165% | $702K | $3.0M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07857 | −0.203% | $601K | $259K | 25x | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07893 | +0.256% | $10K | $4K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07855 | −0.227% | $3K | $155K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0135% | 4h | 0.07878 | +0.064% | $90K | $15K | 25x | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDT
Variational Omni SAPIEN
Extended SAPIEN-USD
BloFin SAPIEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SAPIENUSDTlong | +0.0431% | 4h | 0.07873 | long leg | $508K | $110K | 20x | |
| BingX SAPIEN-USDT | +0.0480% | 4h | 0.07864 | −0.114% | — | $6.5M | — | as long as short |
BingX SAPIEN-USDT