Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: BingX against Gate−0.077%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2052.054% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.077%, 7d avg −0.060%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAPIEN_USDT | 0.07778 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $865K | $64K | 50x |
| Short | BingX SAPIEN-USDT | 0.07772 | 0.0100 | get 0.0050% / 4h | 1h 54m | — | $6.5M | — |
Gate SAPIEN_USDT
BingX SAPIEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.077% → −0.060%
- −$1.69
- Slippage, 4 orders
- −$180.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$207.06
- Costs to cover
- 2.054%
- Break-even
- never at this rate
Slippage from Gate: live order book, 28 min ago; BingX: live order book, 12 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, 28 min ago | 10.27 bp | 76.4 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 6.44 bp | 32.1 bp −$32 | 92.3 bp −$923 | 674.1 bp −$67.4K | 1061.0 bp −$530.5K |
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 | +0.0096% | 4h | 0.07770 | −0.103% | $91K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07761 | −0.216% | $44K | $3K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07771 | −0.090% | $1.9M | $994K | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07782 | +0.051% | $498K | $99K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07772 | −0.077% | $163K | $78K | 10x | as long as short |
| Gate SAPIEN_USDTlong | +0.0100% | 4h | 0.07778 | long leg | $865K | $64K | 50x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07773 | −0.064% | $9.2M | $103K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07769 | −0.116% | $692K | $2.8M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07763 | −0.193% | $590K | $226K | 25x | as long as short |
| BingX SAPIEN-USDTshort | +0.0100% | 4h | 0.07772 | −0.077% | — | $6.5M | — |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
Bitget SAPIENUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07779 | +0.011% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07772 | −0.081% | $527 | $144K | 5x | as long as short |
Variational Omni SAPIEN
Extended SAPIEN-USD