Settings8H · net · $10k
Funding arb · Price arb /

SONIC

all SONIC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h −0.210%
Price spread now: Variational Omni against BloFin+0.220%101s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.220% dearer against BloFin than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SONIC-USDT0.027240.0053pay 0.0026% / 4h1h 59m$137K$12K10x
ShortVariational Omni SONIC0.027300.0100get 0.0050% / 4h1h 59m$3K$2K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: +0.220% → 0.000%
$22.01
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$19.91
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: BloFin: live order book, 12 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 12 min ago6.94 bp61.8 bp −$62212.5 bp −$2,125doesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SONIC on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SONIC-USDTlong+0.0053%4h0.02724long leg$137K$12K10x
Binance SONICUSDT+0.0100%4h0.02754+1.106%$1.4M$3.7M10xas long as short
Bybit SONICUSDT+0.0100%4h0.02752+1.028%$1.1M$1.8M25xas long as short
Gate SONIC_USDT+0.0100%4h0.02746+0.808%$129K$126K25xas long as short
MEXC SONIC_USDT+0.0100%4h0.02753+1.065%$922K$152K50xas long as short
KuCoin SONICUSDTM+0.0100%4h0.02743+0.698%$509K$25K10xas long as short
Bitget SONICUSDT+0.0100%4h0.02750+0.954%$444K$592K10xas long as short
Variational Omni SONICshort+0.0100%4h0.02730+0.220%$3K$2K