Funding you earn now, next payment 08:00 UTC−0.0388%/8h= −42.5% APRnext payment −$1.94 per $10,000 · paid last 24h −0.232%
Price spread now: Gate against Binance−0.017%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$479as in the Funding arb table
Net, price: spread back to 7d avg − costs−$389as in the Price arb table
costs, in and out, $10k−$3953.946% of the position
Funding, last 7 days−0.843%−$84 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.017%, 7d avg −0.071%
=The price spread pays, funding is against you. Gate is 0.054% dearer against Binance than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.071%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SONICUSDT | 0.02749 | 0.0488 | pay 0.0244% / 4h | 3h 33m | $1.4M | $2.5M | 10x |
| Short | Gate SONIC_USDT | 0.02749 | 0.0100 | get 0.0050% / 4h | 3h 33m | $135K | $98K | 25x |
Binance SONICUSDT
Gate SONIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$81.43
- Price spread: −0.017% → −0.071%
- $5.36
- Slippage, 4 orders
- −$369.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$470.66
- Costs to cover
- 3.946%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Gate: live order book, 12 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 | 3.62 bp | 47.6 bp −$48 | 422.9 bp −$4,229 | doesn't fit | doesn't fit |
| Sell Gate live order book, 12 min ago | 7.24 bp | 148.7 bp −$149 | doesn't fit | 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 | 0.02746 | −0.126% | $1.1M | $1.2M | 25x | as long as short |
| Gate SONIC_USDTshort | +0.0100% | 4h | 0.02749 | −0.017% | $135K | $98K | 25x | |
| Bitget SONICUSDT | +0.0100% | 4h | 0.02751 | +0.056% | $423K | $491K | 10x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02744 | −0.198% | $3K | $2K | — | as long as short |
| KuCoin SONICUSDTM | +0.0104% | 4h | 0.02762 | +0.456% | $512K | $24K | 10x | as long as short |
| BloFin SONIC-USDT | +0.0442% | 4h | 0.02763 | +0.492% | $133K | $4K | 10x | as long as short |
| MEXC SONIC_USDT | +0.0480% | 4h | 0.02748 | −0.053% | $905K | $136K | 50x | as long as short |
| Binance SONICUSDTlong | +0.0488% | 4h | 0.02749 | long leg | $1.4M | $2.5M | 10x |
Bybit SONICUSDT
Bitget SONICUSDT
Variational Omni SONIC
KuCoin SONICUSDTM
BloFin SONIC-USDT
MEXC SONIC_USDT