Funding you earn now, next payment 04:00 UTC+0.1365%/8h= +149.5% APRnext payment +$6.83 per $10,000 · paid last 24h +0.213%
Price spread now: BloFin against Bybit+0.113%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2382.379% of the position
Funding, last 7 days+0.796%+$80 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.113%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and BloFin is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.796% in total (about 41.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SONICUSDT | 0.02655 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $1.0M | $884K | 25x |
| Short | BloFin SONIC-USDT | 0.02658 | 0.1465 | get 0.0733% / 4h | 3h 38m | $129K | $2K | 10x |
Bybit SONICUSDT
BloFin SONIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $286.73
- Price spread: +0.113% → +0.044%
- $6.87
- Slippage, 4 orders
- −$214.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $55.66
- Costs to cover
- 2.379%
- Break-even
- 5.6 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 17 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, 2 min ago | 7.54 bp | 69.9 bp −$70 | 546.3 bp −$5,463 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 1.89 bp | 51.8 bp −$52 | 146.2 bp −$1,462 | 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 | 0.02655 | long leg | $1.0M | $884K | 25x | |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02655 | 0.000% | $129K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0340% | 4h | 0.02649 | −0.223% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0830% | 4h | 0.02652 | −0.113% | $407K | $383K | 10x | as long as short |
| KuCoin SONICUSDTM | +0.1324% | 4h | 0.02648 | −0.264% | $491K | $24K | 10x | as long as short |
| MEXC SONIC_USDT | +0.1422% | 4h | 0.02655 | 0.000% | $857K | $129K | 50x | as long as short |
| Binance SONICUSDT | +0.1441% | 4h | 0.02656 | +0.032% | $1.4M | $2.0M | 10x | as long as short |
| BloFin SONIC-USDTshort | +0.1465% | 4h | 0.02658 | +0.113% | $129K | $2K | 10x |
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
KuCoin SONICUSDTM
MEXC SONIC_USDT
Binance SONICUSDT