Funding arb · Price arb /

SAPIEN

all SAPIEN markets

Swap Backtest

Alert: funding

Alert: spread

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: Aster against Variational Omni−0.156%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.156% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SAPIEN	0.07809	0.0100	pay 0.0050% / 4h	3h 42m	$9K	$3K	—
Short	Aster SAPIENUSDT	0.07797	0.0100	get 0.0050% / 4h	3h 42m	$45K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → 0.000%: −$15.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.62
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Aster: no order-book sample. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Variational Omni and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 SAPIENUSDTshort	+0.0100%	4h	0.07797	−0.156%	$45K	$4K	5x
Binance SAPIENUSDT	+0.0100%	4h	0.07811	+0.016%	$1.9M	$1.0M	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07819	+0.124%	$501K	$99K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07812	+0.035%	$165K	$79K	10x	as long as short
Gate SAPIEN_USDT	+0.0100%	4h	0.07799	−0.132%	$868K	$63K	50x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07808	−0.017%	$9.2M	$103K	50x	as long as short
KuCoin SAPIENUSDTM	+0.0100%	4h	0.07803	−0.081%	$701K	$2.9M	30x	as long as short
Bitget SAPIENUSDT	+0.0100%	4h	0.07806	−0.042%	$608K	$248K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07805	−0.055%	—	$6.5M	—	as long as short
Variational Omni SAPIENlong	+0.0100%	4h	0.07809	long leg	$9K	$3K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAPIEN-USD	+0.0104%	1h	0.07807	−0.030%	$3K	$144K	5x	as long as short
BloFin SAPIEN-USDT	+0.0146%	4h	0.07789	−0.260%	$89K	$15K	25x	as long as short