Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance−0.037%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2012.012% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.037%, 7d avg −0.030%
=Together, before fees−0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SAPIENUSDT | 0.07886 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $2.0M | $995K | 25x |
| Short | Extended SAPIEN-USD | 0.07883 | 0.0104 | get 0.0013% / 1h | 21m 09s | $3K | $164K | 5x |
Binance SAPIENUSDT
Extended SAPIEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.037% → −0.030%
- −$0.67
- Slippage, 4 orders
- −$186.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$201.02
- Costs to cover
- 2.012%
- Break-even
- 1682.1 days
Slippage from Binance: live order book, 13 min ago; Extended: live order book, 30 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, 13 min ago | 1.27 bp | 38.8 bp −$39 | 393.7 bp −$3,937 | doesn't fit | doesn't fit |
| Sell Extended live order book, 30 min ago | 4.94 bp | 77.2 bp −$77 | 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 | 0.07876 | −0.131% | $46K | $4K | 5x | as long as short |
| Binance SAPIENUSDTlong | +0.0100% | 4h | 0.07886 | long leg | $2.0M | $995K | 25x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07889 | +0.033% | $167K | $75K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07884 | −0.030% | $872K | $64K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07885 | −0.018% | $9.3M | $107K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07885 | −0.018% | $699K | $3.0M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07874 | −0.157% | $602K | $258K | 25x | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07892 | +0.072% | $10K | $4K | — | as long as short |
| Extended SAPIEN-USDshort | +0.0104% | 1h | 0.07883 | −0.037% | $3K | $164K | 5x | |
| BloFin SAPIEN-USDT | +0.0136% | 4h | 0.07876 | −0.132% | $90K | $15K | 25x | as long as short |
Aster SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDT
Variational Omni SAPIEN
BloFin SAPIEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SAPIEN-USDT | +0.0140% | 4h | 0.07886 | −0.005% | — | $6.5M | — | as long as short |
| Bybit SAPIENUSDT | +0.0165% | 4h | 0.07883 | −0.043% | $508K | $109K | 20x | as long as short |
BingX SAPIEN-USDT
Bybit SAPIENUSDT