Funding you earn now, next payment 04:00 UTC−0.0837%/8h= −91.6% APRnext payment −$4.18 per $10,000 · paid last 24h −0.147%
Price spread now: Bitget against Binance+0.186%7-day average −0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$330as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2582.576% of the position
Funding, last 7 days−0.722%−$72 on $10k
+Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.186%, 7d avg −0.110%
=The price spread pays, funding is against you. Bitget is 0.296% dearer against Binance than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of −0.110%): +$30 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.722% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SONICUSDT | 0.02681 | 0.1057 | pay 0.0528% / 4h | 1h 18m | $1.4M | $2.2M | 10x |
| Short | Bitget SONICUSDT | 0.02686 | 0.0220 | get 0.0110% / 4h | 1h 18m | $420K | $448K | 10x |
Binance SONICUSDT
Bitget SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$175.67
- Price spread: +0.186% → −0.110%
- $29.61
- Slippage, 4 orders
- −$235.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$403.62
- Costs to cover
- 2.576%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Bitget: live order book, 37 min ago.
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 Binance live order book, 1 min ago | 3.72 bp | 79.2 bp −$79 | 621.2 bp −$6,212 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 37 min ago | 7.52 bp | 43.5 bp −$43 | 783.0 bp −$7,830 | doesn't fit | doesn't fit |
SONIC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SONICUSDT | +0.0100% | 4h | 0.02684 | +0.112% | $1.0M | $967K | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02682 | +0.037% | $132K | $96K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02690 | +0.336% | $3K | $2K | — | as long as short |
| Bitget SONICUSDTshort | +0.0220% | 4h | 0.02686 | +0.186% | $420K | $448K | 10x | |
| KuCoin SONICUSDTM | +0.0652% | 4h | 0.02680 | −0.037% | $497K | $24K | 10x | as long as short |
| MEXC SONIC_USDT | +0.1054% | 4h | 0.02689 | +0.298% | $875K | $131K | 50x | as long as short |
| Binance SONICUSDTlong | +0.1057% | 4h | 0.02681 | long leg | $1.4M | $2.2M | 10x | |
| BloFin SONIC-USDT | +0.1097% | 4h | 0.02693 | +0.448% | $133K | $4K | 10x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
KuCoin SONICUSDTM
MEXC SONIC_USDT
BloFin SONIC-USDT