Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: Binance against Gate−0.131%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$2042.036% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.131%, 7d avg −0.126%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAPIEN_USDT | 0.07753 | 0.0100 | pay 0.0050% / 4h | 2h 53m | $859K | $66K | 50x |
| Short | Binance SAPIENUSDT | 0.07743 | 0.0100 | get 0.0050% / 4h | 2h 53m | $1.9M | $1.0M | 25x |
Gate SAPIEN_USDT
Binance SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: −0.131% → −0.126%
- −$0.49
- Slippage, 4 orders
- −$178.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$204.14
- Costs to cover
- 2.036%
- Break-even
- never at this rate
Slippage from Gate: live order book, 13 min ago; Binance: live order book, 10 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 Gate live order book, 13 min ago | 10.24 bp | 90.3 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.28 bp | 26.6 bp −$27 | 161.8 bp −$1,618 | 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 | 0.07743 | −0.128% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDTshort | +0.0100% | 4h | 0.07743 | −0.131% | $1.9M | $1.0M | 25x | |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07749 | −0.052% | $498K | $104K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07752 | −0.013% | $162K | $79K | 10x | as long as short |
| Gate SAPIEN_USDTlong | +0.0100% | 4h | 0.07753 | long leg | $859K | $66K | 50x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07740 | −0.168% | $9.1M | $102K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07738 | −0.193% | $699K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07740 | −0.168% | $592K | $263K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07744 | −0.116% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07749 | −0.048% | $9K | $3K | — | as long as short |
Aster SAPIENUSDT
Bybit 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 | 0.07747 | −0.075% | $5K | $160K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0133% | 4h | 0.07741 | −0.155% | $89K | $15K | 25x | as long as short |
Extended SAPIEN-USD
BloFin SAPIEN-USDT