Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against Binance+0.075%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1711.708% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.075%, 7d avg −0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.089% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SONICUSDT | 0.02656 | 0.1424 | pay 0.0712% / 4h | 3h 39m | $1.4M | $2.0M | 10x |
| Short | MEXC SONIC_USDT | 0.02658 | 0.1422 | get 0.0711% / 4h | 3h 39m | $858K | $129K | 50x |
Binance SONICUSDT
MEXC SONIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$0.4
- Price spread: +0.075% → −0.014%
- $8.88
- Slippage, 4 orders
- −$156.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$162.32
- Costs to cover
- 1.708%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 26 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, 10 min ago | 3.79 bp | 49.3 bp −$49 | 396.4 bp −$3,964 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 26 min ago | 1.88 bp | 32.1 bp −$32 | 162.5 bp −$1,625 | 326.0 bp −$32.6K | 546.5 bp −$273.2K |
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 | 0.02655 | −0.038% | $1.0M | $884K | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02653 | −0.113% | $129K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0340% | 4h | 0.02649 | −0.260% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0830% | 4h | 0.02652 | −0.151% | $407K | $383K | 10x | as long as short |
| KuCoin SONICUSDTM | +0.1324% | 4h | 0.02648 | −0.301% | $491K | $24K | 10x | as long as short |
| MEXC SONIC_USDTshort | +0.1422% | 4h | 0.02658 | +0.075% | $858K | $129K | 50x | |
| Binance SONICUSDTlong | +0.1424% | 4h | 0.02656 | long leg | $1.4M | $2.0M | 10x | |
| BloFin SONIC-USDT | +0.1465% | 4h | 0.02658 | +0.075% | $129K | $2K | 10x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
KuCoin SONICUSDTM
BloFin SONIC-USDT