Funding you earn now, next payment 04:00 UTC−0.0372%/8h= −40.7% APRnext payment −$1.86 per $10,000 · paid last 24h −0.058%
Price spread now: Gate against KuCoin−0.416%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,522as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,536as in the Price arb table
costs, in and out, $10k−$1,50615.056% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.416%, 7d avg −0.115%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.301% cheaper against KuCoin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.86 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 | 0.0472 | pay 0.0236% / 4h | 26m 37s | $490K | $25K | 10x |
| Short | Gate SONIC_USDT | 0.02633 | 0.0100 | get 0.0050% / 4h | 26m 37s | $135K | $90K | 25x |
KuCoin SONICUSDTM
Gate SONIC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$78.12
- Price spread: −0.416% → −0.115%
- −$30.1
- Slippage, 4 orders
- −$1,478.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,613.82
- Costs to cover
- 15.056%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 56 min ago; Gate: 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 Gate live order book, 24 min ago | 3.77 bp | 81.1 bp −$81 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SONICUSDT | +0.0100% | 4h | 0.02636 | −0.303% | $1.0M | $997K | 25x | as long as short |
| Gate SONIC_USDTshort | +0.0100% | 4h | 0.02633 | −0.416% | $135K | $90K | 25x | |
| Variational Omni SONIC | +0.0100% | 4h | 0.02641 | −0.112% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0168% | 4h | 0.02635 | −0.340% | $413K | $462K | 10x | as long as short |
| KuCoin SONICUSDTMlong | +0.0472% | 4h | 0.02644 | long leg | $490K | $25K | 10x | |
| MEXC SONIC_USDT | +0.0956% | 4h | 0.02634 | −0.378% | $855K | $132K | 50x | as long as short |
| Binance SONICUSDT | +0.0957% | 4h | 0.02633 | −0.416% | $1.4M | $2.2M | 10x | as long as short |
| BloFin SONIC-USDT | +0.0988% | 4h | 0.02635 | −0.340% | $130K | $4K | 10x | as long as short |
Bybit SONICUSDT
Variational Omni SONIC
Bitget SONICUSDT
MEXC SONIC_USDT
Binance SONICUSDT
BloFin SONIC-USDT