Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX−0.137%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1611.614% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now −0.137%, 7d avg −0.108%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.029% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAPIEN-USDT-SWAP | 0.07856 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $166K | $77K | 10x |
| Short | Binance SAPIENUSDT | 0.07845 | 0.0100 | get 0.0050% / 4h | 1h 39m | $1.9M | $1.0M | 25x |
OKX SAPIEN-USDT-SWAP
Binance SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: −0.137% → −0.108%
- −$2.92
- Slippage, 4 orders
- −$141.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$164.32
- Costs to cover
- 1.614%
- Break-even
- never at this rate
Slippage from OKX: live order book, 21 min ago; Binance: live order book, 10 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 OKX live order book, 21 min ago | 5.12 bp | 55.8 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 3.83 bp | 25.6 bp −$26 | 189.5 bp −$1,895 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0054% | 4h | 0.07848 | −0.102% | $91K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07859 | +0.039% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDTshort | +0.0100% | 4h | 0.07845 | −0.137% | $1.9M | $1.0M | 25x | |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07850 | −0.076% | $505K | $106K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAPlong | +0.0100% | 4h | 0.07856 | long leg | $166K | $77K | 10x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07855 | −0.013% | $9.3M | $102K | 50x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07842 | −0.178% | $602K | $259K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07857 | +0.013% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07860 | +0.051% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07843 | −0.164% | $158 | $155K | 5x | as long as short |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Bybit SAPIENUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SAPIENUSDTM | +0.0122% | 4h | 0.07850 | −0.076% | $715K | $2.9M | 30x | as long as short |
| Gate SAPIEN_USDT | +0.0640% | 4h | 0.07850 | −0.076% | $869K | $67K | 50x | as long as short |
KuCoin SAPIENUSDTM
Gate SAPIEN_USDT