Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.020%
Price spread now: Gate against Bitget+0.102%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$2002.003% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.102%, 7d avg +0.130%
=Funding pays, the price is against you. Gate is 0.028% cheaper against Bitget than usual: you would sell low and buy high (spread +0.102% now, against its 7-day average of +0.130%). If the spread goes back, that is −$3 on $10k: about 3.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.136% in total) that is about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SAPIENUSDT | 0.07842 | 0.0100 | pay 0.0050% / 4h | 30m 55s | $600K | $267K | 25x |
| Short | Gate SAPIEN_USDT | 0.07850 | 0.0128 | get 0.0064% / 4h | 30m 55s | $868K | $64K | 50x |
Bitget SAPIENUSDT
Gate SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $5.88
- Price spread: +0.102% → +0.130%
- −$2.77
- Slippage, 4 orders
- −$173.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$197.17
- Costs to cover
- 2.003%
- Break-even
- 241.7 days
Slippage from Bitget: live order book, 24 min ago; Gate: live order book, 26 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 Bitget live order book, 24 min ago | 9.56 bp | 28.6 bp −$29 | 497.1 bp −$4,971 | doesn't fit | doesn't fit |
| Sell Gate live order book, 26 min ago | 11.46 bp | 66.8 bp −$67 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0051% | 4h | 0.07823 | −0.242% | $90K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07841 | −0.009% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07851 | +0.115% | $1.9M | $998K | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07856 | +0.179% | $506K | $107K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07862 | +0.255% | $166K | $77K | 10x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07853 | +0.140% | $9.3M | $103K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07843 | +0.013% | $695K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDTlong | +0.0100% | 4h | 0.07842 | long leg | $600K | $267K | 25x | |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07854 | +0.153% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07857 | +0.193% | $9K | $3K | — | as long as short |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
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 | 0.07849 | +0.087% | $3K | $165K | 5x | as long as short |
| Gate SAPIEN_USDTshort | +0.0128% | 4h | 0.07850 | +0.102% | $868K | $64K | 50x |
Extended SAPIEN-USD