Funding you earn now, next payment 04:00 UTC+0.0861%/8h= +94.3% APRnext payment +$4.31 per $10,000 · paid last 24h +0.213%
Price spread now: BloFin against Gate+0.038%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$3023.024% of the position
Funding, last 7 days+0.796%+$80 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.038%, 7d avg +0.121%
=Funding pays, the price is against you. BloFin is 0.083% cheaper against Gate than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.121%). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.796% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SONIC_USDT | 0.02637 | 0.0100 | pay 0.0050% / 4h | 28m 35s | $135K | $90K | 25x |
| Short | BloFin SONIC-USDT | 0.02638 | 0.0961 | get 0.0481% / 4h | 28m 35s | $130K | $4K | 10x |
Gate SONIC_USDT
BloFin SONIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $180.87
- Price spread: +0.038% → +0.121%
- −$8.35
- Slippage, 4 orders
- −$275.41
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$129.89
- Costs to cover
- 3.024%
- Break-even
- 12.0 days
Slippage from Gate: live order book, 22 min ago; BloFin: live order book, 68 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, 22 min ago | 3.77 bp | 147.1 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 68 min ago | 5.61 bp | 39.4 bp −$39 | 147.5 bp −$1,475 | 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 | 0.02635 | −0.076% | $1.0M | $996K | 25x | as long as short |
| Gate SONIC_USDTlong | +0.0100% | 4h | 0.02637 | long leg | $135K | $90K | 25x | |
| Variational Omni SONIC | +0.0100% | 4h | 0.02641 | +0.153% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0182% | 4h | 0.02635 | −0.076% | $413K | $462K | 10x | as long as short |
| KuCoin SONICUSDTM | +0.0482% | 4h | 0.02652 | +0.569% | $492K | $25K | 10x | as long as short |
| BloFin SONIC-USDTshort | +0.0961% | 4h | 0.02638 | +0.038% | $130K | $4K | 10x | |
| Binance SONICUSDT | +0.0969% | 4h | 0.02636 | −0.048% | $1.4M | $2.2M | 10x | as long as short |
| MEXC SONIC_USDT | +0.0978% | 4h | 0.02640 | +0.114% | $857K | $132K | 50x | as long as short |
Bybit SONICUSDT
Variational Omni SONIC
Bitget SONICUSDT
KuCoin SONICUSDTM
Binance SONICUSDT
MEXC SONIC_USDT