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: Bitget against Gate−0.219%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$1991.989% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.219%, 7d avg −0.133%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.086% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.133%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAPIEN_USDT | 0.07755 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $859K | $65K | 50x |
| Short | Bitget SAPIENUSDT | 0.07738 | 0.0100 | get 0.0050% / 4h | 2h 55m | $592K | $263K | 25x |
Gate SAPIEN_USDT
Bitget SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.219% → −0.133%
- −$8.63
- Slippage, 4 orders
- −$171.95
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$207.58
- Costs to cover
- 1.989%
- Break-even
- never at this rate
Slippage from Gate: live order book, 11 min ago; Bitget: live order book, 9 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, 11 min ago | 10.24 bp | 90.3 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 9 min ago | 8.98 bp | 23.7 bp −$24 | 252.3 bp −$2,523 | 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 | 0.07741 | −0.186% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07734 | −0.267% | $1.9M | $1.0M | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07745 | −0.129% | $497K | $103K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07743 | −0.155% | $162K | $79K | 10x | as long as short |
| Gate SAPIEN_USDTlong | +0.0100% | 4h | 0.07755 | long leg | $859K | $65K | 50x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07733 | −0.284% | $9.1M | $102K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07742 | −0.168% | $701K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDTshort | +0.0100% | 4h | 0.07738 | −0.219% | $592K | $263K | 25x | |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07746 | −0.116% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07749 | −0.074% | $9K | $3K | — | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
KuCoin SAPIENUSDTM
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 | 0.07739 | −0.211% | $5K | $160K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0146% | 4h | 0.07765 | +0.129% | $89K | $15K | 25x | as long as short |
Extended SAPIEN-USD
BloFin SAPIEN-USDT