Settings8H · net · $10k
Funding arb · Price arb /

SAPIEN

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Variational Omni−0.308%101s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.308% cheaper against Variational Omni than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SAPIEN0.078390.0100pay 0.0050% / 4h47m 34s$9K$3K
ShortBloFin SAPIEN-USDT0.078150.0107get 0.0053% / 4h47m 34s$91K$15K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$1.4
Price spread: −0.308% → 0.000%
−$30.78
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$41.38
Costs to cover
0.120%
Break-even
214.2 days
Slippage unknown: Variational Omni: no order-book sample; BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell BloFin no order-book sample
Variational Omni and BloFin: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SAPIENUSDT+0.0100%4h0.07812−0.348%$45K$4K5xas long as short
Binance SAPIENUSDT+0.0100%4h0.07813−0.329%$1.9M$995K25xas long as short
Bybit SAPIENUSDT+0.0100%4h0.07821−0.231%$504K$107K20xas long as short
OKX SAPIEN-USDT-SWAP+0.0100%4h0.07818−0.270%$165K$76K10xas long as short
MEXC SAPIEN_USDT+0.0100%4h0.07810−0.372%$9.2M$102K50xas long as short
KuCoin SAPIENUSDTM+0.0100%4h0.07814−0.321%$697K$3.0M30xas long as short
Bitget SAPIENUSDT+0.0100%4h0.07811−0.359%$599K$265K25xas long as short
BingX SAPIEN-USDT+0.0100%4h0.07817−0.282%$6.5Mas long as short
Variational Omni SAPIENlong+0.0100%4h0.07839long leg$9K$3K
Extended SAPIEN-USD+0.0104%1h0.07811−0.360%$3K$165K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SAPIEN-USDTshort+0.0107%4h0.07815−0.308%$91K$15K25x
Gate SAPIEN_USDT+0.0216%4h0.07823−0.206%$865K$64K50xas long as short