Funding you earn now, next payment 04:00 UTC+0.0472%/8h= +51.7% APRnext payment +$2.36 per $10,000 · paid last 24h +0.076%
Price spread now: Bitget against Gate+0.074%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$394as in the Funding arb table
Net, price: spread back to 7d avg − costs−$392as in the Price arb table
costs, in and out, $10k−$4034.029% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.074%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bitget is 0.112% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.36 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 | Gate SONIC_USDT | 0.02687 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $132K | $94K | 25x |
| Short | Bitget SONICUSDT | 0.02689 | 0.0572 | get 0.0286% / 4h | 2h 11m | $435K | $413K | 10x |
Gate SONIC_USDT
Bitget SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $99.12
- Price spread: +0.074% → −0.038%
- $11.2
- Slippage, 4 orders
- −$375.94
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$292.62
- Costs to cover
- 4.029%
- Break-even
- 27.7 days
Slippage from Gate: live order book, 49 min ago; Bitget: live order book, 49 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, 49 min ago | 7.64 bp | 123.5 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 49 min ago | 5.73 bp | 71.8 bp −$72 | 687.4 bp −$6,874 | doesn't fit | doesn't fit |
SONIC on 7 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 | 0.02684 | −0.112% | $1.0M | $950K | 25x | as long as short |
| Gate SONIC_USDTlong | +0.0100% | 4h | 0.02687 | long leg | $132K | $94K | 25x | |
| Variational Omni SONIC | +0.0229% | 4h | 0.02697 | +0.372% | $3K | $2K | — | as long as short |
| Bitget SONICUSDTshort | +0.0572% | 4h | 0.02689 | +0.074% | $435K | $413K | 10x | |
| KuCoin SONICUSDTM | +0.1058% | 4h | 0.02696 | +0.335% | $500K | $24K | 10x | as long as short |
| Binance SONICUSDT | +0.1489% | 4h | 0.02685 | −0.093% | $1.4M | $2.1M | 10x | as long as short |
| MEXC SONIC_USDT | +0.1510% | 4h | 0.02684 | −0.112% | $868K | $131K | 50x | as long as short |
Bybit SONICUSDT
Variational Omni SONIC
KuCoin SONICUSDTM
Binance SONICUSDT
MEXC SONIC_USDT