Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.06 per $10,000 · paid last 24h +0.008%
Price spread now: Binance against MEXC+0.061%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1621.615% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.061%, 7d avg +0.012%
=The price spread pays, funding is against you. Binance is 0.049% dearer against MEXC than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.012%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SONIC_USDT | 0.02631 | 0.0968 | pay 0.0484% / 4h | 27m 05s | $854K | $132K | 50x |
| Short | Binance SONICUSDT | 0.02633 | 0.0957 | get 0.0478% / 4h | 27m 05s | $1.4M | $2.2M | 10x |
MEXC SONIC_USDT
Binance SONICUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$2.36
- Price spread: +0.061% → +0.012%
- $4.89
- Slippage, 4 orders
- −$147.52
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$158.98
- Costs to cover
- 1.615%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 24 min ago; Binance: live order book, 7 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 MEXC live order book, 24 min ago | 3.77 bp | 37.0 bp −$37 | 173.4 bp −$1,734 | 326.9 bp −$32.7K | 633.4 bp −$316.7K |
| Sell Binance live order book, 7 min ago | 1.90 bp | 42.9 bp −$43 | 322.3 bp −$3,223 | 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 | +0.076% | $1.0M | $996K | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02634 | +0.114% | $135K | $90K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02641 | +0.382% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0176% | 4h | 0.02631 | 0.000% | $412K | $462K | 10x | as long as short |
| KuCoin SONICUSDTM | +0.0482% | 4h | 0.02644 | +0.494% | $490K | $25K | 10x | as long as short |
| Binance SONICUSDTshort | +0.0957% | 4h | 0.02633 | +0.061% | $1.4M | $2.2M | 10x | |
| MEXC SONIC_USDTlong | +0.0968% | 4h | 0.02631 | long leg | $854K | $132K | 50x | |
| BloFin SONIC-USDT | +0.0988% | 4h | 0.02635 | +0.152% | $130K | $4K | 10x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
KuCoin SONICUSDTM
BloFin SONIC-USDT