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: OKX against Bitget+0.128%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1401.403% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.128%, 7d avg +0.117%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SAPIENUSDT | 0.07790 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $598K | $270K | 25x |
| Short | OKX SAPIEN-USDT-SWAP | 0.07800 | 0.0100 | get 0.0050% / 4h | 2h 27m | $164K | $81K | 10x |
Bitget SAPIENUSDT
OKX SAPIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.128% → +0.117%
- $1.18
- Slippage, 4 orders
- −$118.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$139.17
- Costs to cover
- 1.403%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 38 min ago; OKX: live order book, 37 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, 38 min ago | 8.98 bp | 22.7 bp −$23 | 345.1 bp −$3,451 | doesn't fit | doesn't fit |
| Sell OKX live order book, 37 min ago | 5.13 bp | 45.2 bp −$45 | 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 | 0.07795 | +0.070% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07797 | +0.090% | $1.9M | $1.0M | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07810 | +0.257% | $502K | $105K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAPshort | +0.0100% | 4h | 0.07800 | +0.128% | $164K | $81K | 10x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07796 | +0.077% | $9.2M | $104K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07803 | +0.167% | $703K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDTlong | +0.0100% | 4h | 0.07790 | long leg | $598K | $270K | 25x | |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07803 | +0.167% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07804 | +0.177% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07794 | +0.052% | $443 | $162K | 5x | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
BingX SAPIEN-USDT
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_USDT | +0.0202% | 4h | 0.07781 | −0.116% | $862K | $66K | 50x | as long as short |
Gate SAPIEN_USDT