Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%
Price spread now: MEXC against BloFin−0.364%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1191.186% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.321%+$32 · spread now −0.364%, 7d avg −0.069%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.296% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SONIC-USDT | 0.02745 | 0.0113 | pay 0.0056% / 4h | 1h 06m | $125K | $23K | 10x |
| Short | MEXC SONIC_USDT | 0.02735 | 0.0100 | get 0.0050% / 4h | 1h 06m | $915K | $160K | 50x |
BloFin SONIC-USDT
MEXC SONIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$2.65
- Price spread: −0.364% → −0.069%
- −$29.58
- Slippage, 4 orders
- −$102.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$150.87
- Costs to cover
- 1.186%
- Break-even
- never at this rate
Slippage from BloFin: live order book, just now; MEXC: live order book, 29 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, just now | 3.65 bp | 22.7 bp −$23 | 117.0 bp −$1,170 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 29 min ago | 5.46 bp | 31.0 bp −$31 | 159.5 bp −$1,595 | 340.8 bp −$34.1K | 608.2 bp −$304.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SONICUSDT | +0.0100% | 4h | 0.02736 | −0.324% | $1.3M | $4.0M | 10x | as long as short |
| Bybit SONICUSDT | +0.0100% | 4h | 0.02736 | −0.328% | $1.1M | $1.9M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02736 | −0.328% | $129K | $131K | 25x | as long as short |
| MEXC SONIC_USDTshort | +0.0100% | 4h | 0.02735 | −0.364% | $915K | $160K | 50x | |
| KuCoin SONICUSDTM | +0.0100% | 4h | 0.02743 | −0.073% | $509K | $26K | 10x | as long as short |
| Bitget SONICUSDT | +0.0100% | 4h | 0.02735 | −0.364% | $438K | $582K | 10x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02758 | +0.473% | $4K | $4K | — | as long as short |
| BloFin SONIC-USDTlong | +0.0113% | 4h | 0.02745 | long leg | $125K | $23K | 10x |
Binance SONICUSDT
Bybit SONICUSDT
Gate SONIC_USDT
KuCoin SONICUSDTM
Bitget SONICUSDT
Variational Omni SONIC