Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.012%
Price spread now: KuCoin against Bitget−0.051%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2342.344% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.051%, 7d avg +0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.102% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SAPIENUSDT | 0.07849 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $602K | $259K | 25x |
| Short | KuCoin SAPIENUSDTM | 0.07845 | 0.0108 | get 0.0054% / 4h | 1h 34m | $711K | $2.9M | 30x |
Bitget SAPIENUSDT
KuCoin SAPIENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $1.68
- Price spread: −0.051% → +0.051%
- −$10.21
- Slippage, 4 orders
- −$210.37
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$242.91
- Costs to cover
- 2.344%
- Break-even
- 1019.1 days
Slippage from Bitget: live order book, 25 min ago; KuCoin: live order book, 2 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, 25 min ago | 8.98 bp | 31.5 bp −$32 | 428.8 bp −$4,288 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 3.19 bp | 72.4 bp −$72 | 436.3 bp −$4,363 | 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 | +0.0088% | 4h | 0.07839 | −0.127% | $90K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07842 | −0.088% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07849 | 0.000% | $1.9M | $1.0M | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07855 | +0.076% | $506K | $106K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07856 | +0.089% | $166K | $77K | 10x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07849 | 0.000% | $9.3M | $103K | 50x | as long as short |
| Bitget SAPIENUSDTlong | +0.0100% | 4h | 0.07849 | long leg | $602K | $259K | 25x | |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07848 | −0.013% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07858 | +0.114% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07847 | −0.028% | $158 | $155K | 5x | as long as short |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
BingX SAPIEN-USDT
Variational Omni SAPIEN
Extended SAPIEN-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SAPIENUSDTMshort | +0.0108% | 4h | 0.07845 | −0.051% | $711K | $2.9M | 30x | |
| Gate SAPIEN_USDT | +0.0588% | 4h | 0.07850 | +0.013% | $869K | $67K | 50x | as long as short |
Gate SAPIEN_USDT