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: Bitget against Binance−0.040%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$980.975% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.040%, 7d avg −0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.033% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SAPIENUSDT | 0.07740 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $1.9M | $1.0M | 25x |
| Short | Bitget SAPIENUSDT | 0.07737 | 0.0100 | get 0.0050% / 4h | 2h 53m | $592K | $263K | 25x |
Binance SAPIENUSDT
Bitget SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- Price spread: −0.040% → −0.007%
- −$3.31
- Slippage, 4 orders
- −$75.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$100.84
- Costs to cover
- 0.975%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 11 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, 10 min ago | 1.28 bp | 24.5 bp −$24 | 254.8 bp −$2,548 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 11 min ago | 8.98 bp | 23.7 bp −$24 | 252.3 bp −$2,523 | 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 | 0.07738 | −0.032% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDTlong | +0.0100% | 4h | 0.07740 | long leg | $1.9M | $1.0M | 25x | |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07747 | +0.089% | $498K | $104K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07752 | +0.154% | $162K | $79K | 10x | as long as short |
| Gate SAPIEN_USDT | +0.0100% | 4h | 0.07756 | +0.205% | $860K | $66K | 50x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07746 | +0.076% | $9.1M | $102K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07745 | +0.063% | $699K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDTshort | +0.0100% | 4h | 0.07737 | −0.040% | $592K | $263K | 25x | |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07744 | +0.050% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07749 | +0.119% | $9K | $3K | — | as long as short |
Aster SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
Gate SAPIEN_USDT
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
BingX SAPIEN-USDT
Variational Omni SAPIENShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07747 | +0.092% | $5K | $160K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0133% | 4h | 0.07741 | +0.011% | $89K | $15K | 25x | as long as short |
Extended SAPIEN-USD
BloFin SAPIEN-USDT