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: Bybit against KuCoin+0.128%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$328as in the Price arb table
costs, in and out, $10k−$3323.320% of the position
Funding, last 7 days−0.085%−$8 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.128%, 7d avg +0.089%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.039% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SAPIENUSDTM | 0.07814 | 0.0100 | pay 0.0050% / 4h | 44m 40s | $696K | $3.0M | 30x |
| Short | Bybit SAPIENUSDT | 0.07824 | 0.0100 | get 0.0050% / 4h | 44m 40s | $504K | $107K | 20x |
KuCoin SAPIENUSDTM
Bybit SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.128% → +0.089%
- $3.88
- Slippage, 4 orders
- −$308.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$328.1
- Costs to cover
- 3.320%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 5 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, 3 min ago | 5.12 bp | 87.8 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.19 bp | 80.6 bp −$81 | 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 | 0.07810 | −0.056% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07814 | −0.003% | $1.9M | $994K | 25x | as long as short |
| Bybit SAPIENUSDTshort | +0.0100% | 4h | 0.07824 | +0.128% | $504K | $107K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07830 | +0.205% | $165K | $76K | 10x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07811 | −0.038% | $9.2M | $102K | 50x | as long as short |
| KuCoin SAPIENUSDTMlong | +0.0100% | 4h | 0.07814 | long leg | $696K | $3.0M | 30x | |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07809 | −0.064% | $598K | $265K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07817 | +0.038% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07824 | +0.129% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07811 | −0.034% | $3K | $165K | 5x | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
Bitget SAPIENUSDT
BingX SAPIEN-USDT
Variational Omni SAPIEN
Extended SAPIEN-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0142% | 4h | 0.07807 | −0.090% | $91K | $15K | 25x | as long as short |
| Gate SAPIEN_USDT | +0.0202% | 4h | 0.07820 | +0.077% | $865K | $64K | 50x | as long as short |
BloFin SAPIEN-USDT
Gate SAPIEN_USDT