Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.156%
Price spread now: Binance against Bitget+0.032%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$354as in the Funding arb table
Net, price: spread back to 7d avg − costs−$438as in the Price arb table
costs, in and out, $10k−$4304.298% of the position
Funding, last 7 days+0.753%+$75 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.032%, 7d avg +0.110%
=Funding pays, the price is against you. Binance is 0.078% cheaper against Bitget than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.110%). If the spread goes back, that is −$8 on $10k: about 4.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.753% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SONICUSDT | 0.02737 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $447K | $546K | 10x |
| Short | Binance SONICUSDT | 0.02738 | 0.0163 | get 0.0082% / 4h | 2h 44m | $1.4M | $2.8M | 10x |
Bitget SONICUSDT
Binance SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $13.33
- Price spread: +0.032% → +0.110%
- −$7.8
- Slippage, 4 orders
- −$407.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$424.23
- Costs to cover
- 4.298%
- Break-even
- 229.8 days
Slippage from Bitget: live order book, 62 min ago; Binance: live order book, 6 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 Bitget live order book, 62 min ago | 9.07 bp | 149.6 bp −$150 | 735.6 bp −$7,356 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.67 bp | 63.9 bp −$64 | 296.0 bp −$2,960 | 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 | 0.02742 | +0.183% | $1.0M | $1.3M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02741 | +0.146% | $135K | $108K | 25x | as long as short |
| KuCoin SONICUSDTM | +0.0100% | 4h | 0.02746 | +0.329% | $509K | $25K | 10x | as long as short |
| Bitget SONICUSDTlong | +0.0100% | 4h | 0.02737 | long leg | $447K | $546K | 10x | |
| Variational Omni SONIC | +0.0100% | 4h | 0.02742 | +0.183% | $3K | $2K | — | as long as short |
| BloFin SONIC-USDT | +0.0119% | 4h | 0.02741 | +0.146% | $129K | $4K | 10x | as long as short |
| MEXC SONIC_USDT | +0.0162% | 4h | 0.02729 | −0.292% | $896K | $140K | 50x | as long as short |
| Binance SONICUSDTshort | +0.0163% | 4h | 0.02738 | +0.032% | $1.4M | $2.8M | 10x |
Bybit SONICUSDT
Gate SONIC_USDT
KuCoin SONICUSDTM
Variational Omni SONIC
BloFin SONIC-USDT
MEXC SONIC_USDT