Funding you earn now, next payment 04:00 UTC+0.0796%/8h= +87.2% APRnext payment +$3.98 per $10,000 · paid last 24h +0.140%
Price spread now: MEXC against Bitget+0.190%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1741.740% of the position
Funding, last 7 days+0.711%+$71 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.190%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and MEXC is 0.093% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SONICUSDT | 0.02635 | 0.0182 | pay 0.0091% / 4h | 28m 32s | $413K | $462K | 10x |
| Short | MEXC SONIC_USDT | 0.02640 | 0.0978 | get 0.0489% / 4h | 28m 32s | $857K | $132K | 50x |
Bitget SONICUSDT
MEXC SONIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $167.16
- Price spread: +0.190% → +0.097%
- $9.3
- Slippage, 4 orders
- −$158.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $2.43
- Costs to cover
- 1.740%
- Break-even
- 6.9 days
Slippage from Bitget: live order book, 22 min ago; MEXC: live order book, 22 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, 22 min ago | 5.65 bp | 54.4 bp −$54 | 982.0 bp −$9,820 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 22 min ago | 3.77 bp | 23.0 bp −$23 | 137.8 bp −$1,378 | 323.0 bp −$32.3K | 621.2 bp −$310.6K |
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 | 0.02635 | 0.000% | $1.0M | $996K | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02637 | +0.076% | $135K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02641 | +0.229% | $3K | $2K | — | as long as short |
| Bitget SONICUSDTlong | +0.0182% | 4h | 0.02635 | long leg | $413K | $462K | 10x | |
| KuCoin SONICUSDTM | +0.0482% | 4h | 0.02652 | +0.645% | $492K | $25K | 10x | as long as short |
| BloFin SONIC-USDT | +0.0961% | 4h | 0.02638 | +0.114% | $130K | $4K | 10x | as long as short |
| Binance SONICUSDT | +0.0969% | 4h | 0.02636 | +0.028% | $1.4M | $2.2M | 10x | as long as short |
| MEXC SONIC_USDTshort | +0.0978% | 4h | 0.02640 | +0.190% | $857K | $132K | 50x |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
KuCoin SONICUSDTM
BloFin SONIC-USDT
Binance SONICUSDT