SAPIEN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0485%/8h= +53.1% APRnext payment +$2.43 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC+0.163%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2442.441% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.163%, 7d avg +0.131%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bybit is 0.032% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.131%.

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 +$2.43 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	MEXC SAPIEN_USDT	0.07954	0.0100	pay 0.0050% / 4h	3h 58m	$9.4M	$105K	50x
Short	Bybit SAPIENUSDT	0.07967	0.0585	get 0.0293% / 4h	3h 58m	$505K	$122K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.163%Rate

Funding earned: $101.9
Price spread: +0.163% → +0.131%: $3.2
Slippage, 4 orders: −$229.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$138.97
Costs to cover: 2.441%
Break-even: 16.5 days

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 32 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 MEXC live order book, 5 min ago	1.88 bp	21.6 bp −$22	69.2 bp −$692	259.0 bp −$25.9K	702.5 bp −$351.3K
Sell Bybit live order book, 32 min ago	5.66 bp	103.8 bp −$104	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	0.07947	−0.089%	$46K	$4K	5x	as long as short
Binance SAPIENUSDT	+0.0100%	4h	0.07956	+0.025%	$2.0M	$1.1M	25x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07964	+0.126%	$169K	$83K	10x	as long as short
Gate SAPIEN_USDT	+0.0100%	4h	0.07951	−0.038%	$877K	$69K	50x	as long as short
MEXC SAPIEN_USDTlong	+0.0100%	4h	0.07954	long leg	$9.4M	$105K	50x
KuCoin SAPIENUSDTM	+0.0100%	4h	0.07950	−0.050%	$705K	$2.9M	30x	as long as short
Bitget SAPIENUSDT	+0.0100%	4h	0.07951	−0.038%	$600K	$308K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07958	+0.050%	—	$6.5M	—	as long as short
Variational Omni SAPIEN	+0.0100%	4h	0.07967	+0.169%	$9K	$4K	—	as long as short
Extended SAPIEN-USD	+0.0104%	1h	0.07955	+0.010%	$199	$212K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SAPIEN-USDT	+0.0144%	4h	0.07952	−0.025%	$91K	$16K	25x	as long as short
Bybit SAPIENUSDTshort	+0.0585%	4h	0.07967	+0.163%	$505K	$122K	20x