Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.117%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2292.290% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.117%, 7d avg +0.130%
=The price spread sits at its 7-day average of +0.130%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SAPIENUSDT | 0.07884 | 0.0100 | pay 0.0050% / 4h | 3h 25m | $2.0M | $995K | 25x |
| Short | Bybit SAPIENUSDT | 0.07893 | 0.0118 | get 0.0059% / 4h | 3h 25m | $508K | $108K | 20x |
Binance SAPIENUSDT
Bybit SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $3.72
- Price spread: +0.117% → +0.130%
- −$1.32
- Slippage, 4 orders
- −$208
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$226.6
- Costs to cover
- 2.290%
- Break-even
- 433.3 days
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 20 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 Binance live order book, 9 min ago | 1.27 bp | 38.8 bp −$39 | 393.7 bp −$3,937 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 20 min ago | 5.06 bp | 73.6 bp −$74 | 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 | 0.07880 | −0.051% | $46K | $4K | 5x | as long as short |
| Binance SAPIENUSDTlong | +0.0100% | 4h | 0.07884 | long leg | $2.0M | $995K | 25x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07889 | +0.066% | $167K | $75K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07889 | +0.066% | $872K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07882 | −0.023% | $9.3M | $106K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07880 | −0.048% | $702K | $3.0M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07874 | −0.124% | $602K | $258K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07888 | +0.053% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07892 | +0.105% | $10K | $4K | — | as long as short |
| BloFin SAPIEN-USDT | +0.0102% | 4h | 0.07881 | −0.035% | $90K | $15K | 25x | as long as short |
Aster SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDT
BingX SAPIEN-USDT
Variational Omni SAPIEN
BloFin SAPIEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07880 | −0.042% | $3K | $164K | 5x | as long as short |
| Bybit SAPIENUSDTshort | +0.0118% | 4h | 0.07893 | +0.117% | $508K | $108K | 20x |
Extended SAPIEN-USD