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: Bybit against OKX+0.038%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2692.688% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.038%, 7d avg +0.023%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAPIEN-USDT-SWAP | 0.07818 | 0.0100 | pay 0.0050% / 4h | 48m 30s | $165K | $76K | 10x |
| Short | Bybit SAPIENUSDT | 0.07821 | 0.0100 | get 0.0050% / 4h | 48m 30s | $504K | $107K | 20x |
OKX SAPIEN-USDT-SWAP
Bybit SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.038% → +0.023%
- $1.5
- Slippage, 4 orders
- −$247.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$267.32
- Costs to cover
- 2.688%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago | 4.46 bp | 48.6 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 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 | 0.07812 | −0.072% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07812 | −0.077% | $1.9M | $995K | 25x | as long as short |
| Bybit SAPIENUSDTshort | +0.0100% | 4h | 0.07821 | +0.038% | $504K | $107K | 20x | |
| OKX SAPIEN-USDT-SWAPlong | +0.0100% | 4h | 0.07818 | long leg | $165K | $76K | 10x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07809 | −0.115% | $9.2M | $102K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07816 | −0.026% | $695K | $3.0M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07809 | −0.115% | $598K | $265K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07818 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07839 | +0.270% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07809 | −0.117% | $3K | $165K | 5x | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
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 | +0.0107% | 4h | 0.07815 | −0.038% | $91K | $15K | 25x | as long as short |
| Gate SAPIEN_USDT | +0.0224% | 4h | 0.07824 | +0.077% | $865K | $64K | 50x | as long as short |
BloFin SAPIEN-USDT
Gate SAPIEN_USDT