Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.019%
Price spread now: Gate against Extended+0.016%7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$293as in the Price arb table
costs, in and out, $10k−$2792.793% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.016%, 7d avg +0.151%
=Together, before fees+0.126%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.135% cheaper against Extended than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.151%). If the spread goes back, that is −$13 on $10k: about 12 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SAPIEN-USD | 0.07855 | 0.0104 | pay 0.0013% / 1h | 19m 21s | $583 | $169K | 5x |
| Short | Gate SAPIEN_USDT | 0.07856 | 0.0140 | get 0.0070% / 4h | 19m 21s | $869K | $64K | 50x |
Extended SAPIEN-USD
Gate SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Extended. 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
- $7.56
- Price spread: +0.016% → +0.151%
- −$13.46
- Slippage, 4 orders
- −$259.27
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$285.17
- Costs to cover
- 2.793%
- Break-even
- 271.0 days
Slippage from Extended: live order book, 37 min ago; Gate: live order book, 37 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 Extended live order book, 37 min ago | 4.91 bp | 55.1 bp −$55 | 552.7 bp −$5,527 | doesn't fit | doesn't fit |
| Sell Gate live order book, 37 min ago | 11.46 bp | 66.8 bp −$67 | 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 | +0.0052% | 4h | 0.07858 | +0.042% | $90K | $15K | 25x | as long as short |
| Aster SAPIENUSDT | +0.0100% | 4h | 0.07850 | −0.055% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07857 | +0.026% | $1.9M | $997K | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07866 | +0.144% | $507K | $107K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07865 | +0.131% | $166K | $77K | 10x | as long as short |
| MEXC SAPIEN_USDT | +0.0100% | 4h | 0.07854 | −0.009% | $9.3M | $104K | 50x | as long as short |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07855 | +0.004% | $700K | $2.9M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07848 | −0.085% | $600K | $267K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07861 | +0.080% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07859 | +0.055% | $9K | $3K | — | as long as short |
BloFin SAPIEN-USDT
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
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-USDlong | +0.0104% | 1h | 0.07855 | long leg | $583 | $169K | 5x | |
| Gate SAPIEN_USDTshort | +0.0140% | 4h | 0.07856 | +0.016% | $869K | $64K | 50x |