Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against MEXC+0.402%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1571.572% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.359%−$36 · spread now +0.402%, 7d avg +0.069%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.334% dearer against MEXC than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SONIC_USDT | 0.02734 | 0.0100 | pay 0.0050% / 4h | 1h 06m | $915K | $160K | 50x |
| Short | BloFin SONIC-USDT | 0.02745 | 0.0113 | get 0.0056% / 4h | 1h 06m | $125K | $23K | 10x |
MEXC SONIC_USDT
BloFin SONIC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.65
- Price spread: +0.402% → +0.069%
- $33.38
- Slippage, 4 orders
- −$141.17
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$121.14
- Costs to cover
- 1.572%
- Break-even
- 327.2 days
Slippage from MEXC: live order book, 29 min ago; BloFin: live order book, 65 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, 29 min ago | 5.46 bp | 27.5 bp −$27 | 118.9 bp −$1,189 | 343.6 bp −$34.4K | 610.8 bp −$305.4K |
| Sell BloFin live order book, 65 min ago | 6.94 bp | 36.9 bp −$37 | 147.8 bp −$1,478 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SONICUSDT | +0.0100% | 4h | 0.02736 | +0.055% | $1.3M | $4.0M | 10x | as long as short |
| Bybit SONICUSDT | +0.0100% | 4h | 0.02738 | +0.146% | $1.1M | $1.9M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02737 | +0.110% | $129K | $131K | 25x | as long as short |
| MEXC SONIC_USDTlong | +0.0100% | 4h | 0.02734 | long leg | $915K | $160K | 50x | |
| KuCoin SONICUSDTM | +0.0100% | 4h | 0.02745 | +0.402% | $509K | $26K | 10x | as long as short |
| Bitget SONICUSDT | +0.0100% | 4h | 0.02734 | 0.000% | $438K | $582K | 10x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02758 | +0.877% | $4K | $4K | — | as long as short |
| BloFin SONIC-USDTshort | +0.0113% | 4h | 0.02745 | +0.402% | $125K | $23K | 10x |
Binance SONICUSDT
Bybit SONICUSDT
Gate SONIC_USDT
KuCoin SONICUSDTM
Bitget SONICUSDT
Variational Omni SONIC