Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%
Price spread now: Gate against Bybit+0.090%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2962.965% of the position
Funding, last 7 days+0.135%+$14 on $10k
+Price spread, last 4 days (all we have)−0.215%−$21 · spread now +0.090%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.095% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SAPIENUSDT | 0.07793 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $499K | $99K | 20x |
| Short | Gate SAPIEN_USDT | 0.07800 | 0.0100 | get 0.0050% / 4h | 1h 12m | $868K | $64K | 50x |
Bybit SAPIENUSDT
Gate SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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: +0.090% → −0.005%
- $9.45
- Slippage, 4 orders
- −$270.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$287.02
- Costs to cover
- 2.965%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 62 min ago; Gate: live order book, 4 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 Bybit live order book, 62 min ago | 1.93 bp | 77.6 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 8.33 bp | 69.8 bp −$70 | 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 | 0.07776 | −0.220% | $45K | $3K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07779 | −0.184% | $1.9M | $991K | 25x | as long as short |
| Bybit SAPIENUSDTlong | +0.0100% | 4h | 0.07793 | long leg | $499K | $99K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07797 | +0.051% | $164K | $81K | 10x | as long as short |
| Gate SAPIEN_USDTshort | +0.0100% | 4h | 0.07800 | +0.090% | $868K | $64K | 50x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07778 | −0.192% | $9.2M | $105K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07776 | −0.218% | $689K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07779 | −0.180% | $598K | $231K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07790 | −0.038% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07794 | +0.007% | $9K | $3K | — | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDT
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 | 0.07775 | −0.225% | $527 | $144K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0159% | 4h | 0.07787 | −0.077% | $90K | $15K | 25x | as long as short |
Extended SAPIEN-USD
BloFin SAPIEN-USDT