Funding you earn now, next payment 04:00 UTC+0.0954%/8h= +104.5% APRnext payment +$4.77 per $10,000 · paid last 24h +0.223%
Price spread now: Binance against Gate−0.074%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3583.582% of the position
Funding, last 7 days+0.812%+$81 on $10k
+Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.074%, 7d avg +0.072%
=Funding pays, the price is against you. Binance is 0.146% cheaper against Gate than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.072%). If the spread goes back, that is −$15 on $10k: about 12 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.812% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SONIC_USDT | 0.02689 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $132K | $96K | 25x |
| Short | Binance SONICUSDT | 0.02687 | 0.1054 | get 0.0527% / 4h | 1h 18m | $1.4M | $2.2M | 10x |
Gate SONIC_USDT
Binance SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $200.37
- Price spread: −0.074% → +0.072%
- −$14.61
- Slippage, 4 orders
- −$333.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$172.49
- Costs to cover
- 3.582%
- Break-even
- 13.0 days
Slippage from Gate: live order book, 36 min ago; Binance: live order book, 1 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 Gate live order book, 36 min ago | 7.51 bp | 115.2 bp −$115 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 3.72 bp | 62.3 bp −$62 | 451.0 bp −$4,510 | 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 SONICUSDT | +0.0100% | 4h | 0.02686 | −0.112% | $1.0M | $967K | 25x | as long as short |
| Gate SONIC_USDTlong | +0.0100% | 4h | 0.02689 | long leg | $132K | $96K | 25x | |
| Variational Omni SONIC | +0.0100% | 4h | 0.02690 | +0.037% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0226% | 4h | 0.02690 | +0.037% | $420K | $448K | 10x | as long as short |
| KuCoin SONICUSDTM | +0.0652% | 4h | 0.02681 | −0.298% | $497K | $24K | 10x | as long as short |
| Binance SONICUSDTshort | +0.1054% | 4h | 0.02687 | −0.074% | $1.4M | $2.2M | 10x | |
| MEXC SONIC_USDT | +0.1064% | 4h | 0.02691 | +0.074% | $875K | $131K | 50x | as long as short |
| BloFin SONIC-USDT | +0.1097% | 4h | 0.02693 | +0.149% | $133K | $4K | 10x | as long as short |
Bybit SONICUSDT
Variational Omni SONIC
Bitget SONICUSDT
KuCoin SONICUSDTM
MEXC SONIC_USDT
BloFin SONIC-USDT