SAPIEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: Gate against BloFin+0.116%7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.116% dearer against BloFin than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SAPIEN-USDT	0.07749	0.0118	pay 0.0059% / 4h	2h 50m	$89K	$15K	25x
Short	Gate SAPIEN_USDT	0.07758	0.0100	get 0.0050% / 4h	2h 50m	$860K	$66K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.116%Rate

Funding earned: −$3.72
Price spread: +0.116% → 0.000%: $11.61
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.11
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Gate: live order book, 16 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 Gate live order book, 16 min ago	10.24 bp	62.2 bp −$62	doesn't fit	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
Aster SAPIENUSDT	+0.0100%	4h	0.07755	+0.080%	$45K	$4K	5x	as long as short
Binance SAPIENUSDT	+0.0100%	4h	0.07767	+0.231%	$1.9M	$1.0M	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07770	+0.271%	$499K	$104K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07771	+0.284%	$163K	$80K	10x	as long as short
Gate SAPIEN_USDTshort	+0.0100%	4h	0.07758	+0.116%	$860K	$66K	50x
MEXC SAPIEN_USDT	+0.0100%	4h	0.07759	+0.129%	$9.2M	$102K	50x	as long as short
KuCoin SAPIENUSDTM	+0.0100%	4h	0.07757	+0.103%	$700K	$2.9M	30x	as long as short
Bitget SAPIENUSDT	+0.0100%	4h	0.07759	+0.129%	$596K	$264K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07763	+0.181%	—	$6.5M	—	as long as short
Variational Omni SAPIEN	+0.0100%	4h	0.07772	+0.294%	$9K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SAPIEN-USD	+0.0104%	1h	0.07762	+0.174%	$5K	$160K	5x	as long as short
BloFin SAPIEN-USDTlong	+0.0118%	4h	0.07749	long leg	$89K	$15K	25x