Funding arb · Price arb /

SAPIEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Aster against KuCoin−0.061%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Aster

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 days—no 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 0.061% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAPIENUSDTM	0.07849	0.0100	pay 0.0050% / 4h	25m 16s	$696K	$2.9M	30x
Short	Aster SAPIENUSDT	0.07844	0.0100	get 0.0050% / 4h	25m 16s	$45K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee AsterbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → 0.000%: −$6.07
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.07
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 2 min ago	10.83 bp	95.7 bp −$96	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAPIEN-USDT	+0.0071%	4h	0.07847	−0.025%	$90K	$15K	25x	as long as short
Aster SAPIENUSDTshort	+0.0100%	4h	0.07844	−0.061%	$45K	$4K	5x
Binance SAPIENUSDT	+0.0100%	4h	0.07853	+0.056%	$1.9M	$997K	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07859	+0.127%	$506K	$107K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07861	+0.153%	$166K	$77K	10x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07852	+0.038%	$9.3M	$103K	50x	as long as short
KuCoin SAPIENUSDTMlong	+0.0100%	4h	0.07849	long leg	$696K	$2.9M	30x
Bitget SAPIENUSDT	+0.0100%	4h	0.07842	−0.089%	$600K	$267K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07856	+0.089%	—	$6.5M	—	as long as short
Variational Omni SAPIEN	+0.0100%	4h	0.07860	+0.141%	$9K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAPIEN-USD	+0.0104%	1h	0.07851	+0.030%	$3K	$165K	5x	as long as short
Gate SAPIEN_USDT	+0.0134%	4h	0.07852	+0.038%	$868K	$64K	50x	as long as short