Funding you earn now, next payment 04:00 UTC−0.0306%/8h= −33.5% APRnext payment −$1.53 per $10,000 · paid last 24h +0.017%
Price spread now: Bitget against KuCoin−0.492%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,399as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,425as in the Price arb table
costs, in and out, $10k−$1,39113.914% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.469%+$47 · spread now −0.492%, 7d avg −0.154%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.338% cheaper against KuCoin than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.154%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.53 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 | KuCoin SONICUSDTM | 0.02644 | 0.0482 | pay 0.0241% / 4h | 27m 06s | $490K | $25K | 10x |
| Short | Bitget SONICUSDT | 0.02631 | 0.0176 | get 0.0088% / 4h | 27m 06s | $412K | $462K | 10x |
KuCoin SONICUSDTM
Bitget SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$64.26
- Price spread: −0.492% → −0.154%
- −$33.8
- Slippage, 4 orders
- −$1,367.38
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,489.44
- Costs to cover
- 13.914%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 56 min ago; Bitget: live order book, 24 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 KuCoin live order book, 56 min ago | 94.67 bp | 612.4 bp −$612 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 24 min ago | 5.65 bp | 59.7 bp −$60 | 719.1 bp −$7,191 | 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 | 0.02633 | −0.416% | $1.0M | $996K | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02634 | −0.378% | $135K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02641 | −0.112% | $3K | $2K | — | as long as short |
| Bitget SONICUSDTshort | +0.0176% | 4h | 0.02631 | −0.492% | $412K | $462K | 10x | |
| KuCoin SONICUSDTMlong | +0.0482% | 4h | 0.02644 | long leg | $490K | $25K | 10x | |
| Binance SONICUSDT | +0.0957% | 4h | 0.02633 | −0.431% | $1.4M | $2.2M | 10x | as long as short |
| MEXC SONIC_USDT | +0.0968% | 4h | 0.02631 | −0.492% | $854K | $132K | 50x | as long as short |
| BloFin SONIC-USDT | +0.0988% | 4h | 0.02635 | −0.340% | $130K | $4K | 10x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
Binance SONICUSDT
MEXC SONIC_USDT
BloFin SONIC-USDT