Funding you earn now, next payment 04:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.67 per $10,000 · paid last 24h −0.076%
Price spread now: Bybit against Bitget−0.149%7-day average +0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2612.608% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.373%+$37 · spread now −0.149%, 7d avg +0.111%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.259% cheaper against Bitget than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.111%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SONICUSDT | 0.02692 | 0.0234 | pay 0.0117% / 4h | 1h 20m | $421K | $447K | 10x |
| Short | Bybit SONICUSDT | 0.02688 | 0.0100 | get 0.0050% / 4h | 1h 20m | $1.0M | $967K | 25x |
Bitget SONICUSDT
Bybit SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$28.14
- Price spread: −0.149% → +0.111%
- −$25.93
- Slippage, 4 orders
- −$237.79
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$314.86
- Costs to cover
- 2.608%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 35 min ago; Bybit: live order book, just now.
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, 35 min ago | 7.52 bp | 72.6 bp −$73 | 801.6 bp −$8,016 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 9.29 bp | 69.2 bp −$69 | 390.4 bp −$3,904 | 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 SONICUSDTshort | +0.0100% | 4h | 0.02688 | −0.149% | $1.0M | $967K | 25x | |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02689 | −0.111% | $132K | $96K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02690 | −0.074% | $3K | $2K | — | as long as short |
| Bitget SONICUSDTlong | +0.0234% | 4h | 0.02692 | long leg | $421K | $447K | 10x | |
| KuCoin SONICUSDTM | +0.0654% | 4h | 0.02681 | −0.409% | $497K | $24K | 10x | as long as short |
| MEXC SONIC_USDT | +0.1064% | 4h | 0.02691 | −0.037% | $875K | $131K | 50x | as long as short |
| Binance SONICUSDT | +0.1065% | 4h | 0.02690 | −0.074% | $1.4M | $2.2M | 10x | as long as short |
| BloFin SONIC-USDT | +0.1087% | 4h | 0.02672 | −0.743% | $132K | $4K | 10x | as long as short |
Gate SONIC_USDT
Variational Omni SONIC
KuCoin SONICUSDTM
MEXC SONIC_USDT
Binance SONICUSDT
BloFin SONIC-USDT