Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bybit−0.140%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1941.939% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.140%, 7d avg −0.132%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SAPIENUSDT | 0.07855 | 0.0100 | pay 0.0050% / 4h | 1h 27m | $506K | $106K | 20x |
| Short | MEXC SAPIEN_USDT | 0.07844 | 0.0100 | get 0.0050% / 4h | 1h 27m | $9.3M | $103K | 50x |
Bybit SAPIENUSDT
MEXC SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- Price spread: −0.140% → −0.132%
- −$0.76
- Slippage, 4 orders
- −$178.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$194.65
- Costs to cover
- 1.939%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 28 min ago; MEXC: live order book, 1 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 Bybit live order book, 28 min ago | 3.83 bp | 70.5 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.19 bp | 20.1 bp −$20 | 59.8 bp −$598 | 248.9 bp −$24.9K | 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 | 0.07841 | −0.172% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07843 | −0.151% | $1.9M | $1.0M | 25x | as long as short |
| Bybit SAPIENUSDTlong | +0.0100% | 4h | 0.07855 | long leg | $506K | $106K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07851 | −0.051% | $166K | $77K | 10x | as long as short |
| MEXC SAPIEN_USDTshort | +0.0100% | 4h | 0.07844 | −0.140% | $9.3M | $103K | 50x | |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07845 | −0.127% | $602K | $259K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07849 | −0.076% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07861 | +0.075% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07841 | −0.176% | $2K | $157K | 5x | as long as short |
| KuCoin SAPIENUSDTM | +0.0104% | 4h | 0.07852 | −0.038% | $711K | $2.9M | 30x | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Bitget SAPIENUSDT
BingX SAPIEN-USDT
Variational Omni SAPIEN
Extended SAPIEN-USD
KuCoin SAPIENUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0129% | 4h | 0.07848 | −0.089% | $91K | $15K | 25x | as long as short |
| Gate SAPIEN_USDT | +0.0508% | 4h | 0.07850 | −0.064% | $869K | $67K | 50x | as long as short |
BloFin SAPIEN-USDT
Gate SAPIEN_USDT