SAPIEN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against KuCoin−0.090%110s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.090% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 110 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	KuCoin SAPIENUSDTM	0.07797	0.0100	pay 0.0050% / 4h	3h 53m	$701K	$2.9M	30x
Short	BloFin SAPIEN-USDT	0.07790	0.0095	get 0.0048% / 4h	3h 53m	$89K	$15K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$1.03
Price spread: −0.090% → 0.000%: −$8.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	10.90 bp	82.8 bp −$83	doesn't fit	doesn't fit	doesn't fit
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
BloFin SAPIEN-USDTshort	+0.0095%	4h	0.07790	−0.090%	$89K	$15K	25x
Aster SAPIENUSDT	+0.0100%	4h	0.07793	−0.053%	$45K	$4K	5x	as long as short
Binance SAPIENUSDT	+0.0100%	4h	0.07794	−0.035%	$1.9M	$1.0M	25x	as long as short
Bybit SAPIENUSDT	+0.0100%	4h	0.07805	+0.103%	$501K	$100K	20x	as long as short
OKX SAPIEN-USDT-SWAP	+0.0100%	4h	0.07807	+0.128%	$164K	$80K	10x	as long as short
Gate SAPIEN_USDT	+0.0100%	4h	0.07795	−0.026%	$867K	$63K	50x	as long as short
MEXC SAPIEN_USDT	+0.0100%	4h	0.07793	−0.051%	$9.2M	$103K	50x	as long as short
KuCoin SAPIENUSDTMlong	+0.0100%	4h	0.07797	long leg	$701K	$2.9M	30x
Bitget SAPIENUSDT	+0.0100%	4h	0.07794	−0.038%	$607K	$247K	25x	as long as short
BingX SAPIEN-USDT	+0.0100%	4h	0.07802	+0.064%	—	$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	0.07807	+0.128%	$9K	$3K	—	as long as short
Extended SAPIEN-USD	+0.0104%	1h	0.07794	−0.033%	$528	$141K	5x	as long as short