Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%
Price spread now: Binance against KuCoin+0.049%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$241as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2332.328% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 7 days−0.108%−$11 · spread now +0.049%, 7d avg −0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.088% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SAPIENUSDTM | 0.07803 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $703K | $2.9M | 30x |
| Short | Binance SAPIENUSDT | 0.07807 | 0.0100 | get 0.0050% / 4h | 3h 36m | $1.9M | $1.0M | 25x |
KuCoin SAPIENUSDTM
Binance SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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: +0.049% → −0.039%
- $8.77
- Slippage, 4 orders
- −$210.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$224.01
- Costs to cover
- 2.328%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; Binance: 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 KuCoin live order book, 10 min ago | 10.90 bp | 88.8 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.21 bp | 39.4 bp −$39 | 187.0 bp −$1,870 | 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 | 0.07798 | −0.064% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDTshort | +0.0100% | 4h | 0.07807 | +0.049% | $1.9M | $1.0M | 25x | |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07803 | 0.000% | $500K | $100K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07814 | +0.141% | $164K | $80K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07814 | +0.141% | $869K | $63K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07807 | +0.051% | $9.2M | $103K | 50x | as long as short |
| KuCoin SAPIENUSDTMlong | +0.0100% | 4h | 0.07803 | long leg | $703K | $2.9M | 30x | |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07807 | +0.051% | $608K | $250K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07810 | +0.090% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07805 | +0.029% | $9K | $3K | — | as long as short |
Aster SAPIENUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07806 | +0.040% | $3K | $144K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0153% | 4h | 0.07799 | −0.051% | $90K | $15K | 25x | as long as short |
Extended SAPIEN-USD
BloFin SAPIEN-USDT