Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.007%
Price spread now: MEXC against BloFin−0.051%109s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.051% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 109 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 | 0.07842 | 0.0117 | pay 0.0058% / 4h | 1h 01m | $91K | $15K | 25x |
| Short | MEXC SAPIEN_USDT | 0.07838 | 0.0100 | get 0.0050% / 4h | 1h 01m | $9.3M | $104K | 50x |
BloFin SAPIEN-USDT
MEXC SAPIEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$3.54
- Price spread: −0.051% → 0.000%
- −$5.1
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$24.64
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 3.19 bp | 17.8 bp −$18 | 55.0 bp −$550 | 224.5 bp −$22.4K | 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 | 0.07834 | −0.108% | $45K | $4K | 5x | as long as short |
| Binance SAPIENUSDT | +0.0100% | 4h | 0.07839 | −0.038% | $1.9M | $992K | 25x | as long as short |
| Bybit SAPIENUSDT | +0.0100% | 4h | 0.07845 | +0.038% | $505K | $107K | 20x | as long as short |
| OKX SAPIEN-USDT-SWAP | +0.0100% | 4h | 0.07847 | +0.064% | $165K | $77K | 10x | as long as short |
| MEXC SAPIEN_USDTshort | +0.0100% | 4h | 0.07838 | −0.051% | $9.3M | $104K | 50x | |
| KuCoin SAPIENUSDTM | +0.0100% | 4h | 0.07835 | −0.089% | $700K | $3.0M | 30x | as long as short |
| Bitget SAPIENUSDT | +0.0100% | 4h | 0.07835 | −0.089% | $602K | $261K | 25x | as long as short |
| BingX SAPIEN-USDT | +0.0100% | 4h | 0.07843 | +0.013% | — | $6.5M | — | as long as short |
| Variational Omni SAPIEN | +0.0100% | 4h | 0.07847 | +0.063% | $9K | $3K | — | as long as short |
| Extended SAPIEN-USD | +0.0104% | 1h | 0.07837 | −0.065% | $2K | $161K | 5x | as long as short |
Aster SAPIENUSDT
Binance SAPIENUSDT
Bybit SAPIENUSDT
OKX SAPIEN-USDT-SWAP
KuCoin SAPIENUSDTM
Bitget SAPIENUSDT
BingX SAPIEN-USDT
Variational Omni SAPIEN
Extended SAPIEN-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAPIEN-USDTlong | +0.0117% | 4h | 0.07842 | long leg | $91K | $15K | 25x | |
| Gate SAPIEN_USDT | +0.0280% | 4h | 0.07842 | 0.000% | $867K | $68K | 50x | as long as short |
Gate SAPIEN_USDT