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

SAPIEN

all SAPIEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Binance−0.010%7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SAPIENUSDT0.077560.0100pay 0.0050% / 4h2h 06m$1.9M$996K25x
ShortAster SAPIENUSDT0.077550.0100get 0.0050% / 4h2h 06m$44K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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
$0
Price spread: −0.010% → 0.000%
−$1.02
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$19.02
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 13 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago2.57 bp35.0 bp −$35322.6 bp −$3,226doesn't fitdoesn't fit
Sell Aster no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SAPIENUSDTshort+0.0100%4h0.07755−0.010%$44K$3K5x
Binance SAPIENUSDTlong+0.0100%4h0.07756long leg$1.9M$996K25x
Bybit SAPIENUSDT+0.0100%4h0.07770+0.177%$498K$99K20xas long as short
OKX SAPIEN-USDT-SWAP+0.0100%4h0.07755−0.016%$163K$78K10xas long as short
Gate SAPIEN_USDT+0.0100%4h0.07771+0.190%$864K$64K50xas long as short
MEXC SAPIEN_USDT+0.0100%4h0.07756−0.003%$9.2M$106K50xas long as short
KuCoin SAPIENUSDTM+0.0100%4h0.07756−0.003%$698K$2.8M30xas long as short
Bitget SAPIENUSDT+0.0100%4h0.07753−0.042%$590K$227K25xas long as short
BingX SAPIEN-USDT+0.0100%4h0.07760+0.048%$6.5Mas long as short
Variational Omni SAPIEN+0.0100%4h0.07772+0.200%$9K$3Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended SAPIEN-USD+0.0104%1h0.07755−0.013%$527$144K5xas long as short
BloFin SAPIEN-USDT+0.0146%4h0.07754−0.029%$65K$15K25xas long as short