Funding you earn now, next payment 04:00 UTC+0.0306%/8h= +33.5% APRnext payment +$1.53 per $10,000 · paid last 24h −0.017%
Price spread now: KuCoin against Bitget+0.494%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,384as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,357as in the Price arb table
costs, in and out, $10k−$1,39113.914% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)−0.471%−$47 · spread now +0.494%, 7d avg +0.154%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.340% dearer against Bitget than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.154%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SONICUSDT | 0.02631 | 0.0176 | pay 0.0088% / 4h | 27m 04s | $412K | $462K | 10x |
| Short | KuCoin SONICUSDTM | 0.02644 | 0.0482 | get 0.0241% / 4h | 27m 04s | $490K | $25K | 10x |
Bitget SONICUSDT
KuCoin SONICUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $64.26
- Price spread: +0.494% → +0.154%
- $34.04
- Slippage, 4 orders
- −$1,367.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,293.08
- Costs to cover
- 13.914%
- Break-even
- 147.9 days
Slippage from Bitget: live order book, 24 min ago; KuCoin: live order book, 56 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, 24 min ago | 5.65 bp | 54.4 bp −$54 | 982.0 bp −$9,820 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 56 min ago | 94.67 bp | 664.9 bp −$665 | 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 | 0.02633 | +0.076% | $1.0M | $996K | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02634 | +0.114% | $135K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02641 | +0.382% | $3K | $2K | — | as long as short |
| Bitget SONICUSDTlong | +0.0176% | 4h | 0.02631 | long leg | $412K | $462K | 10x | |
| KuCoin SONICUSDTMshort | +0.0482% | 4h | 0.02644 | +0.494% | $490K | $25K | 10x | |
| Binance SONICUSDT | +0.0957% | 4h | 0.02633 | +0.061% | $1.4M | $2.2M | 10x | as long as short |
| MEXC SONIC_USDT | +0.0968% | 4h | 0.02631 | 0.000% | $854K | $132K | 50x | as long as short |
| BloFin SONIC-USDT | +0.0988% | 4h | 0.02635 | +0.152% | $130K | $4K | 10x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
Binance SONICUSDT
MEXC SONIC_USDT
BloFin SONIC-USDT