SAPIEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0234%/8h= +25.6% APRnext payment +$1.17 per $10,000 · paid last 24h −0.008%

Price spread now: Gate against KuCoin+0.202%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$303as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$3083.082% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.202%, 7d avg +0.076%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.125% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.076%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SAPIENUSDTM	0.07938	0.0202	pay 0.0101% / 4h	1h 06m	$708K	$2.9M	30x
Short	Gate SAPIEN_USDT	0.07954	0.0436	get 0.0218% / 4h	1h 06m	$878K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.202%Rate

Funding earned: $49.14
Price spread: +0.202% → +0.076%: $12.55
Slippage, 4 orders: −$281.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$246.54
Costs to cover: 3.082%
Break-even: 42.1 days

Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 35 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 KuCoin live order book, 6 min ago	8.80 bp	84.3 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 35 min ago	9.47 bp	65.6 bp −$66	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	0.07940	+0.027%	$46K	$4K	5x	as long as short
Binance SAPIENUSDT	+0.0100%	4h	0.07947	+0.113%	$2.0M	$1.1M	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07957	+0.239%	$510K	$121K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07955	+0.214%	$169K	$83K	10x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07942	+0.050%	$9.4M	$110K	50x	as long as short
Bitget SAPIENUSDT	+0.0100%	4h	0.07944	+0.076%	$602K	$303K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07949	+0.139%	—	$6.5M	—	as long as short
Variational Omni SAPIEN	+0.0100%	4h	0.07961	+0.290%	$9K	$5K	—	as long as short
Extended SAPIEN-USD	+0.0104%	1h	0.07943	+0.060%	$725	$151K	5x	as long as short
BloFin SAPIEN-USDT	+0.0150%	4h	0.07958	+0.252%	$91K	$16K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SAPIENUSDTMlong	+0.0202%	4h	0.07938	long leg	$708K	$2.9M	30x
Gate SAPIEN_USDTshort	+0.0436%	4h	0.07954	+0.202%	$878K	$71K	50x