Funding arb · Price arb /

SONIC

all SONIC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.068%

Price spread now: KuCoin against Bybit+0.150%7-day average +0.047% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.150%, 7d avg +0.047%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.103% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SONICUSDT	0.02670	0.0100	pay 0.0050% / 4h	23m 11s	$1.1M	$1.9M	25x
Short	KuCoin SONICUSDTM	0.02674	0.0100	get 0.0050% / 4h	23m 11s	$496K	$25K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.047%: $10.29
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.71
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 8 min ago; KuCoin: live order book, 11 min ago. Net counts fees only.

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, 8 min ago	5.58 bp	65.3 bp −$65	511.1 bp −$5,111	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	9.28 bp	doesn't fit	doesn't fit	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
Binance SONICUSDT	+0.0100%	4h	0.02667	−0.113%	$1.3M	$4.0M	10x	as long as short
Bybit SONICUSDTlong	+0.0100%	4h	0.02670	long leg	$1.1M	$1.9M	25x
Gate SONIC_USDT	+0.0100%	4h	0.02667	−0.112%	$125K	$128K	25x	as long as short
MEXC SONIC_USDT	+0.0100%	4h	0.02667	−0.112%	$900K	$169K	50x	as long as short
KuCoin SONICUSDTMshort	+0.0100%	4h	0.02674	+0.150%	$496K	$25K	10x
Bitget SONICUSDT	+0.0100%	4h	0.02666	−0.150%	$423K	$590K	10x	as long as short
Variational Omni SONIC	+0.0100%	4h	0.02672	+0.075%	$3K	$4K	—	as long as short
BloFin SONIC-USDT	+0.0111%	4h	0.02672	+0.075%	$123K	$23K	10x	as long as short