Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against Binance−0.375%81s7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2542.544% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.466%+$47 · spread now −0.375%, 7d avg +0.050%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.425% cheaper against Binance than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of +0.050%). Swap the legs. The two prices were read 81 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 | Binance SONICUSDT | 0.02722 | 0.0111 | pay 0.0056% / 4h | 2h 37m | $1.4M | $2.8M | 10x |
| Short | BloFin SONIC-USDT | 0.02712 | 0.0074 | get 0.0037% / 4h | 2h 37m | $129K | $4K | 10x |
Binance SONICUSDT
BloFin SONIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$7.75
- Price spread: −0.375% → +0.050%
- −$42.52
- Slippage, 4 orders
- −$232.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$304.72
- Costs to cover
- 2.544%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 41 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, 12 min ago | 3.67 bp | 46.1 bp −$46 | 433.8 bp −$4,338 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 41 min ago | 8.85 bp | 92.1 bp −$92 | 216.9 bp −$2,169 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SONIC-USDTshort | +0.0074% | 4h | 0.02712 | −0.375% | $129K | $4K | 10x | |
| Bybit SONICUSDT | +0.0100% | 4h | 0.02718 | −0.154% | $1.0M | $1.3M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02714 | −0.301% | $133K | $108K | 25x | as long as short |
| KuCoin SONICUSDTM | +0.0100% | 4h | 0.02721 | −0.044% | $505K | $25K | 10x | as long as short |
| Bitget SONICUSDT | +0.0100% | 4h | 0.02718 | −0.154% | $440K | $550K | 10x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02718 | −0.152% | $3K | $2K | — | as long as short |
| Binance SONICUSDTlong | +0.0111% | 4h | 0.02722 | long leg | $1.4M | $2.8M | 10x | |
| MEXC SONIC_USDT | +0.0120% | 4h | 0.02719 | −0.118% | $891K | $140K | 50x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
KuCoin SONICUSDTM
Bitget SONICUSDT
Variational Omni SONIC
MEXC SONIC_USDT