Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against BloFin+0.246%51s7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2542.544% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)−0.337%−$34 · spread now +0.246%, 7d avg −0.050%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.296% dearer against BloFin than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SONIC-USDT | 0.02712 | 0.0074 | pay 0.0037% / 4h | 2h 38m | $129K | $4K | 10x |
| Short | Binance SONICUSDT | 0.02719 | 0.0111 | get 0.0056% / 4h | 2h 38m | $1.4M | $2.8M | 10x |
BloFin SONIC-USDT
Binance SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $7.75
- Price spread: +0.246% → −0.050%
- $29.65
- Slippage, 4 orders
- −$232.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$217.05
- Costs to cover
- 2.544%
- Break-even
- 203.1 days
Slippage from BloFin: live order book, 41 min ago; Binance: live order book, 12 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 BloFin live order book, 41 min ago | 8.85 bp | 52.4 bp −$52 | 273.6 bp −$2,736 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SONIC-USDTlong | +0.0074% | 4h | 0.02712 | long leg | $129K | $4K | 10x | |
| Bybit SONICUSDT | +0.0100% | 4h | 0.02711 | −0.037% | $1.0M | $1.3M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02708 | −0.147% | $133K | $108K | 25x | as long as short |
| KuCoin SONICUSDTM | +0.0100% | 4h | 0.02716 | +0.147% | $504K | $25K | 10x | as long as short |
| Bitget SONICUSDT | +0.0100% | 4h | 0.02718 | +0.221% | $440K | $550K | 10x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02718 | +0.224% | $3K | $2K | — | as long as short |
| Binance SONICUSDTshort | +0.0111% | 4h | 0.02719 | +0.246% | $1.4M | $2.8M | 10x | |
| MEXC SONIC_USDT | +0.0120% | 4h | 0.02718 | +0.221% | $890K | $140K | 50x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
KuCoin SONICUSDTM
Bitget SONICUSDT
Variational Omni SONIC
MEXC SONIC_USDT