Funding you earn now, next payment 04:00 UTC+0.0878%/8h= +96.2% APRnext payment +$4.39 per $10,000 · paid last 24h +0.223%
Price spread now: Binance against Bybit−0.076%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2362.365% of the position
Funding, last 7 days+0.812%+$81 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.076%, 7d avg −0.016%
=Funding pays, the price is against you. Binance is 0.060% cheaper against Bybit than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.016%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.812% in total) that is about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SONICUSDT | 0.02639 | 0.0100 | pay 0.0050% / 4h | 29m 33s | $1.0M | $996K | 25x |
| Short | Binance SONICUSDT | 0.02637 | 0.0978 | get 0.0489% / 4h | 29m 33s | $1.4M | $2.2M | 10x |
Bybit SONICUSDT
Binance SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $184.45
- Price spread: −0.076% → −0.016%
- −$5.98
- Slippage, 4 orders
- −$215.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$58
- Costs to cover
- 2.365%
- Break-even
- 9.2 days
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 5 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 Bybit live order book, 1 min ago | 5.68 bp | 67.2 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.90 bp | 42.9 bp −$43 | 322.3 bp −$3,223 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SONICUSDTlong | +0.0100% | 4h | 0.02639 | long leg | $1.0M | $996K | 25x | |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02635 | −0.152% | $135K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02641 | +0.077% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0188% | 4h | 0.02639 | 0.000% | $414K | $462K | 10x | as long as short |
| KuCoin SONICUSDTM | +0.0484% | 4h | 0.02649 | +0.379% | $491K | $25K | 10x | as long as short |
| MEXC SONIC_USDT | +0.0978% | 4h | 0.02639 | 0.000% | $857K | $131K | 50x | as long as short |
| Binance SONICUSDTshort | +0.0978% | 4h | 0.02637 | −0.076% | $1.4M | $2.2M | 10x | |
| BloFin SONIC-USDT | +0.1020% | 4h | 0.02643 | +0.152% | $131K | $4K | 10x | as long as short |
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
KuCoin SONICUSDTM
MEXC SONIC_USDT
BloFin SONIC-USDT