SAPIEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%

Price spread now: BloFin against BingX−0.114%81s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.114% cheaper against BingX than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAPIEN-USDT	0.07861	0.0100	pay 0.0050% / 4h	1h 39m	—	$6.5M	—
Short	BloFin SAPIEN-USDT	0.07852	0.0125	get 0.0062% / 4h	1h 39m	$91K	$15K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.114%Rate

Funding earned: $5.24
Price spread: −0.114% → 0.000%: −$11.45
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.21
Costs to cover: 0.220%
Break-even: 44.7 days

Slippage unknown: BingX: live order book, 11 min ago; BloFin: no order-book sample. Net counts fees only.

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 BingX live order book, 11 min ago	7.02 bp	43.9 bp −$44	148.4 bp −$1,484	1295.6 bp −$129.6K	1494.5 bp −$747.2K
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.07860	−0.009%	$45K	$4K	5x	as long as short
Binance SAPIENUSDT	+0.0100%	4h	0.07857	−0.051%	$1.9M	$1.0M	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07860	−0.013%	$506K	$106K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07864	+0.038%	$166K	$77K	10x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07857	−0.051%	$9.3M	$102K	50x	as long as short
Bitget SAPIENUSDT	+0.0100%	4h	0.07858	−0.038%	$603K	$259K	25x	as long as short
BingX SAPIEN-USDTlong	+0.0100%	4h	0.07861	long leg	—	$6.5M	—
Variational Omni SAPIEN	+0.0100%	4h	0.07860	−0.013%	$9K	$3K	—	as long as short
Extended SAPIEN-USD	+0.0104%	1h	0.07855	−0.080%	$158	$155K	5x	as long as short
BloFin SAPIEN-USDTshort	+0.0125%	4h	0.07852	−0.114%	$91K	$15K	25x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SAPIENUSDTM	+0.0128%	4h	0.07865	+0.051%	$717K	$2.9M	30x	as long as short
Gate SAPIEN_USDT	+0.0656%	4h	0.07858	−0.038%	$870K	$67K	50x	as long as short