Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h −0.146%
Price spread now: Bitget against BloFin+0.551%75s7-day average −0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$293as 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−$2202.197% of the position
Funding, last 7 days−0.737%−$74 on $10k
+Price spread, last 4 days (all we have)−0.671%−$67 · spread now +0.551%, 7d avg −0.159%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.710% dearer against BloFin than usual: you sell high and buy low: +$71 more if the spread goes back to its 7-day average of −0.159%. Mind the row above: over the last 7 days funding on this pair cost −0.737%, so the current rate has only just turned in your favour. The two prices were read 75 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 | 0.02724 | 0.0053 | pay 0.0026% / 4h | 2h 00m | $137K | $12K | 10x |
| Short | Bitget SONICUSDT | 0.02739 | 0.0100 | get 0.0050% / 4h | 2h 00m | $443K | $592K | 10x |
BloFin SONIC-USDT
Bitget SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $9.9
- Price spread: +0.551% → −0.159%
- $70.99
- Slippage, 4 orders
- −$195.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$138.83
- Costs to cover
- 2.197%
- Break-even
- 105.1 days
Slippage from BloFin: live order book, 12 min ago; Bitget: live order book, 41 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, 12 min ago | 6.94 bp | 61.8 bp −$62 | 212.5 bp −$2,125 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 9.21 bp | 51.6 bp −$52 | 520.4 bp −$5,204 | 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 | +0.0053% | 4h | 0.02724 | long leg | $137K | $12K | 10x | |
| Binance SONICUSDT | +0.0100% | 4h | 0.02741 | +0.608% | $1.4M | $3.7M | 10x | as long as short |
| Bybit SONICUSDT | +0.0100% | 4h | 0.02742 | +0.661% | $1.1M | $1.8M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02741 | +0.624% | $128K | $132K | 25x | as long as short |
| MEXC SONIC_USDT | +0.0100% | 4h | 0.02738 | +0.514% | $917K | $156K | 50x | as long as short |
| KuCoin SONICUSDTM | +0.0100% | 4h | 0.02748 | +0.881% | $510K | $25K | 10x | as long as short |
| Bitget SONICUSDTshort | +0.0100% | 4h | 0.02739 | +0.551% | $443K | $592K | 10x | |
| Variational Omni SONIC | +0.0100% | 4h | 0.02730 | +0.220% | $3K | $2K | — | as long as short |
Binance SONICUSDT
Bybit SONICUSDT
Gate SONIC_USDT
MEXC SONIC_USDT
KuCoin SONICUSDTM
Variational Omni SONIC