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

SAPIEN

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against MEXC+0.014%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1801.800% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.014%, 7d avg −0.030%
Together, before fees−0.035%+ Points / potential airdropExtended: Active · farm board−$3 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: Extended is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SAPIEN_USDT0.077810.0100pay 0.0050% / 4h40m 28s$9.2M$103K50x
ShortExtended SAPIEN-USD0.077820.0104get 0.0013% / 1h40m 28s$528$144K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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: +0.014% → −0.030%
$4.34
Slippage, 4 orders
−$170.99
Fee MEXC: 2 bp × 2 orders
−$4
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$174.81
Costs to cover
1.800%
Break-even
1463.8 days
Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 35 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 MEXC live order book, 2 min ago2.57 bp25.2 bp −$2573.5 bp −$735237.3 bp −$23.7Kdoesn't fit
Sell Extended live order book, 35 min ago5.66 bp65.9 bp −$66doesn't fitdoesn'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
Aster SAPIENUSDT+0.0100%4h0.07789+0.099%$45K$3K5xas long as short
Binance SAPIENUSDT+0.0100%4h0.07783+0.024%$1.9M$998K25xas long as short
Bybit SAPIENUSDT+0.0100%4h0.07794+0.167%$500K$100K20xas long as short
OKX SAPIEN-USDT-SWAP+0.0100%4h0.07786+0.064%$164K$80K10xas long as short
Gate SAPIEN_USDT+0.0100%4h0.07806+0.321%$868K$64K50xas long as short
MEXC SAPIEN_USDTlong+0.0100%4h0.07781long leg$9.2M$103K50x
KuCoin SAPIENUSDTM+0.0100%4h0.07785+0.051%$688K$2.9M30xas long as short
Bitget SAPIENUSDT+0.0100%4h0.07783+0.026%$604K$234K25xas long as short
BingX SAPIEN-USDT+0.0100%4h0.07792+0.141%$6.5Mas long as short
Variational Omni SAPIEN+0.0100%4h0.07811+0.379%$9K$3Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended SAPIEN-USDshort+0.0104%1h0.07782+0.014%$528$144K5x
BloFin SAPIEN-USDT+0.0147%4h0.07797+0.206%$90K$15K25xas long as short