Funding arb · Price arb /

SAPIEN

all SAPIEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Binance+0.037%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.037% dearer against Binance than usual: you sell high and buy low, +$4 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	Binance SAPIENUSDT	0.07904	0.0100	pay 0.0050% / 4h	3h 29m	$2.0M	$1.1M	25x
Short	Variational Omni SAPIEN	0.07907	0.0100	get 0.0050% / 4h	3h 29m	$9K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Variational Omni: 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 Binance live order book, 4 min ago	1.90 bp	36.0 bp −$36	310.4 bp −$3,104	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 SAPIENUSDT	+0.0100%	4h	0.07894	−0.131%	$46K	$4K	5x	as long as short
Binance SAPIENUSDTlong	+0.0100%	4h	0.07904	long leg	$2.0M	$1.1M	25x
Bybit SAPIENUSDT	+0.0100%	4h	0.07909	+0.060%	$503K	$124K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07906	+0.022%	$168K	$83K	10x	as long as short
Gate SAPIEN_USDT	+0.0100%	4h	0.07898	−0.079%	$871K	$70K	50x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07904	−0.003%	$9.3M	$106K	50x	as long as short
KuCoin SAPIENUSDTM	+0.0100%	4h	0.07895	−0.117%	$703K	$2.9M	30x	as long as short
Bitget SAPIENUSDT	+0.0100%	4h	0.07900	−0.054%	$599K	$312K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07908	+0.048%	—	$6.5M	—	as long as short
Variational Omni SAPIENshort	+0.0100%	4h	0.07907	+0.037%	$9K	$4K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAPIEN-USD	+0.0104%	1h	0.07900	−0.055%	$3K	$215K	5x	as long as short
BloFin SAPIEN-USDT	+0.0143%	4h	0.07936	+0.402%	$91K	$16K	25x	as long as short