Funding you earn now, next payment 04:00 UTC+0.0280%/8h= +30.7% APRnext payment +$1.40 per $10,000 · paid last 24h +0.020%
Price spread now: Gate against BingX−0.051%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2202.202% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.051%, 7d avg +0.056%
=Funding pays, the price is against you. Gate is 0.107% cheaper against BingX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.056%). If the spread goes back, that is −$11 on $10k: about 31 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.122% in total) that is about 6.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAPIEN-USDT | 0.07779 | 0.0100 | pay 0.0050% / 4h | 2h 08m | — | $6.5M | — |
| Short | Gate SAPIEN_USDT | 0.07775 | 0.0380 | get 0.0190% / 4h | 2h 08m | $862K | $66K | 50x |
BingX SAPIEN-USDT
Gate SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- $58.8
- Price spread: −0.051% → +0.056%
- −$10.73
- Slippage, 4 orders
- −$195.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$172.17
- Costs to cover
- 2.202%
- Break-even
- 27.5 days
Slippage from BingX: live order book, 12 min ago; Gate: live order book, 59 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 BingX live order book, 12 min ago | 5.78 bp | 38.0 bp −$38 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 10.24 bp | 62.2 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
SAPIEN on 11 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 | 0.07770 | −0.112% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07781 | +0.020% | $1.9M | $999K | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07787 | +0.103% | $501K | $105K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07789 | +0.129% | $164K | $77K | 10x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07780 | +0.013% | $9.2M | $105K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07773 | −0.077% | $702K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07778 | −0.013% | $595K | $269K | 25x | as long as short |
| BingX SAPIEN-USDTlong | +0.0100% | 4h | 0.07779 | long leg | — | $6.5M | — | |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07794 | +0.195% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07778 | −0.014% | $3K | $161K | 5x | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDT
Variational Omni SAPIEN
Extended SAPIEN-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAPIEN_USDTshort | +0.0380% | 4h | 0.07775 | −0.051% | $862K | $66K | 50x |