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

SAPIEN

all SAPIEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%
Price spread now: Aster against Gate−0.200%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.200% cheaper against Gate than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SAPIEN_USDT0.077950.0100pay 0.0050% / 4h34m 29s$867K$64K50x
ShortAster SAPIENUSDT0.077790.0100get 0.0050% / 4h34m 29s$45K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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
$0
Price spread: −0.200% → 0.000%
−$20
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$43
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 42 min ago; Aster: no order-book sample. 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 Gate live order book, 42 min ago8.33 bp68.0 bp −$68doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: 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
Aster SAPIENUSDTshort+0.0100%4h0.07779−0.200%$45K$4K5x
Binance SAPIENUSDT+0.0100%4h0.07779−0.201%$1.9M$999K25xas long as short
Bybit SAPIENUSDT+0.0100%4h0.07794−0.013%$500K$100K20xas long as short
OKX SAPIEN-USDT-SWAP+0.0100%4h0.07786−0.115%$164K$80K10xas long as short
Gate SAPIEN_USDTlong+0.0100%4h0.07795long leg$867K$64K50x
MEXC SAPIEN_USDT+0.0100%4h0.07780−0.192%$9.2M$104K50xas long as short
KuCoin SAPIENUSDTM+0.0100%4h0.07780−0.192%$688K$2.9M30xas long as short
Bitget SAPIENUSDT+0.0100%4h0.07778−0.218%$604K$234K25xas long as short
BingX SAPIEN-USDT+0.0100%4h0.07787−0.103%$6.5Mas long as short
Variational Omni SAPIEN+0.0100%4h0.07798+0.040%$9K$3Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended SAPIEN-USD+0.0104%1h0.07778−0.219%$528$144K5xas long as short
BloFin SAPIEN-USDT+0.0132%4h0.07779−0.205%$90K$15K25xas long as short