SAPIEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h −0.007%

Price spread now: Bitget against BloFin+0.026%75s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.026% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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	BloFin SAPIEN-USDT	0.07805	0.0060	pay 0.0030% / 4h	3h 39m	$90K	$15K	25x
Short	Bitget SAPIENUSDT	0.07807	0.0100	get 0.0050% / 4h	3h 39m	$608K	$250K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: $8.36
Price spread: +0.026% → 0.000%: $2.56
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.08
Costs to cover: 0.240%
Break-even: 17.9 days

Slippage unknown: BloFin: no order-book sample; Bitget: live order book, 30 min ago. 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 BloFin no order-book sample	—	—	—	—	—
Sell Bitget live order book, 30 min ago	8.99 bp	36.0 bp −$36	274.1 bp −$2,741	doesn't fit	doesn't fit

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
BloFin SAPIEN-USDTlong	+0.0060%	4h	0.07805	long leg	$90K	$15K	25x
Aster SAPIENUSDT	+0.0100%	4h	0.07793	−0.157%	$45K	$4K	5x	as long as short
Binance SAPIENUSDT	+0.0100%	4h	0.07802	−0.037%	$1.9M	$1.0M	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07807	+0.026%	$500K	$100K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07815	+0.128%	$164K	$80K	10x	as long as short
Gate SAPIEN_USDT	+0.0100%	4h	0.07815	+0.128%	$870K	$63K	50x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07800	−0.064%	$9.2M	$103K	50x	as long as short
KuCoin SAPIENUSDTM	+0.0100%	4h	0.07799	−0.077%	$703K	$2.9M	30x	as long as short
Bitget SAPIENUSDTshort	+0.0100%	4h	0.07807	+0.026%	$608K	$250K	25x
BingX SAPIEN-USDT	+0.0100%	4h	0.07805	0.000%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAPIEN	+0.0100%	4h	0.07805	+0.004%	$9K	$3K	—	as long as short
Extended SAPIEN-USD	+0.0104%	1h	0.07801	−0.057%	$3K	$144K	5x	as long as short