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: OKX against Gate+0.193%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$2462.465% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.193%, 7d avg −0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.211% dearer against Gate than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAPIEN_USDT | 0.07758 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $860K | $66K | 50x |
| Short | OKX SAPIEN-USDT-SWAP | 0.07773 | 0.0100 | get 0.0050% / 4h | 2h 49m | $163K | $80K | 10x |
Gate SAPIEN_USDT
OKX SAPIEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.193% → −0.017%
- $21.07
- Slippage, 4 orders
- −$221.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$225.39
- Costs to cover
- 2.465%
- Break-even
- never at this rate
Slippage from Gate: live order book, 18 min ago; OKX: live order book, 16 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, 18 min ago | 10.24 bp | 90.3 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 16 min ago | 5.13 bp | 45.2 bp −$45 | 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 | 0.07767 | +0.112% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07767 | +0.116% | $1.9M | $1.0M | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07770 | +0.155% | $499K | $104K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAPshort | +0.0100% | 4h | 0.07773 | +0.193% | $163K | $80K | 10x | |
| Gate SAPIEN_USDTlong | +0.0100% | 4h | 0.07758 | long leg | $860K | $66K | 50x | |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07769 | +0.142% | $9.2M | $102K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07764 | +0.077% | $701K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07759 | +0.013% | $596K | $264K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07773 | +0.193% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07772 | +0.178% | $9K | $3K | — | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
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 | 0.07765 | +0.092% | $5K | $160K | 5x | as long as short |
| BloFin SAPIEN-USDT | +0.0129% | 4h | 0.07766 | +0.103% | $90K | $15K | 25x | as long as short |
Extended SAPIEN-USD
BloFin SAPIEN-USDT