Settings8H · net · $10k
Funding arb · Price arb /

SONIC

all SONIC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.210%
Price spread now: BloFin against Variational Omni−0.225%101s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. BloFin is 0.225% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.225% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 26 days of funding at the current rate (+$1 a day). The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SONIC0.026720.0100pay 0.0050% / 4h23m 41s$3K$4K
ShortBloFin SONIC-USDT0.026660.0129get 0.0065% / 4h23m 41s$122K$23K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$6.1
Price spread: −0.225% → 0.000%
−$22.48
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$28.37
Costs to cover
0.120%
Break-even
39.5 days
Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 43 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell BloFin live order book, 43 min ago3.65 bp37.4 bp −$37114.7 bp −$1,147doesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SONIC on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SONICUSDT+0.0100%4h0.02665−0.255%$1.3M$4.0M10xas long as short
Bybit SONICUSDT+0.0100%4h0.02670−0.075%$1.1M$1.9M25xas long as short
Gate SONIC_USDT+0.0100%4h0.02667−0.187%$125K$128K25xas long as short
MEXC SONIC_USDT+0.0100%4h0.02666−0.225%$900K$168K50xas long as short
KuCoin SONICUSDTM+0.0100%4h0.02675+0.112%$496K$25K10xas long as short
Bitget SONICUSDT+0.0100%4h0.02666−0.225%$423K$590K10xas long as short
Variational Omni SONIClong+0.0100%4h0.02672long leg$3K$4K
BloFin SONIC-USDTshort+0.0129%4h0.02666−0.225%$122K$23K10x