Funding you earn now, next payment 08:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.84 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against Gate+0.113%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$366as in the Funding arb table
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3523.518% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.113%, 7d avg +0.014%
=The price spread pays, funding is against you. Bybit is 0.099% dearer against Gate than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.014%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.137% in total) that is about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAPIEN_USDT | 0.07934 | 0.0268 | pay 0.0134% / 4h | 23m 58s | $875K | $71K | 50x |
| Short | Bybit SAPIENUSDT | 0.07943 | 0.0100 | get 0.0050% / 4h | 23m 58s | $509K | $119K | 20x |
Gate SAPIEN_USDT
Bybit SAPIENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$35.28
- Price spread: +0.113% → +0.014%
- $9.92
- Slippage, 4 orders
- −$325.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$377.18
- Costs to cover
- 3.518%
- Break-even
- never at this rate
Slippage from Gate: live order book, 13 min ago; Bybit: live order book, 6 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 | 10.06 bp | 94.2 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 5.66 bp | 103.8 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDT | +0.0048% | 4h | 0.07938 | +0.050% | $91K | $16K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07927 | −0.082% | $46K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07930 | −0.055% | $2.0M | $1.1M | 25x | as long as short |
| Bybit SAPIENUSDTshort | +0.0100% | 4h | 0.07943 | +0.113% | $509K | $119K | 20x | |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07940 | +0.076% | $168K | $82K | 10x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07929 | −0.063% | $9.4M | $108K | 50x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07930 | −0.050% | $600K | $299K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07934 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07947 | +0.158% | $9K | $4K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07927 | −0.085% | $199 | $217K | 5x | as long as short |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Binance SAPIENUSDT
OKX SAPIEN-USDT-SWAP
MEXC SAPIEN_USDT
Bitget SAPIENUSDT
BingX SAPIEN-USDT
Variational Omni SAPIEN
Extended SAPIEN-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SAPIENUSDTM | +0.0128% | 4h | 0.07932 | −0.025% | $704K | $2.9M | 30x | as long as short |
| Gate SAPIEN_USDTlong | +0.0268% | 4h | 0.07934 | long leg | $875K | $71K | 50x |
KuCoin SAPIENUSDTM