Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Gate against Binance+0.280%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$2062.061% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.280%, 7d avg +0.118%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.163% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.118%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SAPIENUSDT | 0.07844 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $1.9M | $1.0M | 25x |
| Short | Gate SAPIEN_USDT | 0.07866 | 0.0100 | get 0.0050% / 4h | 2h 40m | $870K | $65K | 50x |
Binance SAPIENUSDT
Gate SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.280% → +0.118%
- $16.27
- Slippage, 4 orders
- −$181.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$189.79
- Costs to cover
- 2.061%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Gate: live order book, 7 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, 9 min ago | 1.90 bp | 37.2 bp −$37 | 382.7 bp −$3,827 | doesn't fit | doesn't fit |
| Sell Gate live order book, 7 min ago | 12.04 bp | 53.7 bp −$54 | doesn't fit | 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 | 0.07847 | +0.034% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDTlong | +0.0100% | 4h | 0.07844 | long leg | $1.9M | $1.0M | 25x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07856 | +0.153% | $167K | $76K | 10x | as long as short |
| Gate SAPIEN_USDTshort | +0.0100% | 4h | 0.07866 | +0.280% | $870K | $65K | 50x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07842 | −0.025% | $9.3M | $106K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07858 | +0.178% | $700K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07845 | +0.013% | $599K | $264K | 25x | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07877 | +0.424% | $10K | $4K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07842 | −0.024% | $1K | $159K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0114% | 4h | 0.07873 | +0.370% | $91K | $16K | 25x | as long as short |
Aster SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDT
Variational Omni SAPIEN
Extended SAPIEN-USD
BloFin SAPIEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SAPIENUSDT | +0.0367% | 4h | 0.07860 | +0.204% | $507K | $112K | 20x | as long as short |
| BingX SAPIEN-USDT | +0.0470% | 4h | 0.07852 | +0.102% | — | $6.5M | — | as long as short |
Bybit SAPIENUSDT
BingX SAPIEN-USDT