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

SAPIEN

all SAPIEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%
Price spread now: KuCoin against Extended−0.100%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$307as in the Price arb table
costs, in and out, $10k−$2902.902% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.100%, 7d avg +0.071%
Together, before fees+0.190%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.171% cheaper against Extended than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SAPIEN-USD0.079000.0104pay 0.0013% / 1h43m 45s$3K$167K5x
ShortKuCoin SAPIENUSDTM0.078920.0100get 0.0050% / 4h3h 43m$698K$3.0M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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
−$0.84
Price spread: −0.100% → +0.071%
−$17.14
Slippage, 4 orders
−$273.24
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$308.22
Costs to cover
2.902%
Break-even
never at this rate
Slippage from Extended: live order book, 7 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 7 min ago4.94 bp52.3 bp −$52552.0 bp −$5,520doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago4.43 bp63.1 bp −$63446.8 bp −$4,468doesn't fitdoesn't fit

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
BloFin SAPIEN-USDT+0.0096%4h0.07889−0.138%$90K$15K25xas long as short
Aster SAPIENUSDT+0.0100%4h0.07889−0.138%$46K$4K5xas long as short
Binance SAPIENUSDT+0.0100%4h0.07901+0.020%$2.0M$996K25xas long as short
Bybit SAPIENUSDT+0.0100%4h0.07903+0.039%$509K$108K20xas long as short
OKX SAPIEN-USDT-SWAP+0.0100%4h0.07906+0.077%$167K$76K10xas long as short
Gate SAPIEN_USDT+0.0100%4h0.07902+0.026%$874K$63K50xas long as short
MEXC SAPIEN_USDT+0.0100%4h0.07902+0.026%$9.3M$105K50xas long as short
KuCoin SAPIENUSDTMshort+0.0100%4h0.07892−0.100%$698K$3.0M30x
Bitget SAPIENUSDT+0.0100%4h0.07895−0.062%$603K$257K25xas long as short
BingX SAPIEN-USDT+0.0100%4h0.07907+0.090%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAPIEN+0.0100%4h0.07903+0.040%$10K$4Kas long as short
Extended SAPIEN-USDlong+0.0104%1h0.07900long leg$3K$167K5x