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

SONIC

all SONIC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0918%/8h= +100.5% APRnext payment +$4.59 per $10,000 · paid last 24h +0.047%
Price spread now: KuCoin against Variational Omni−0.308%7-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 3 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. KuCoin is 0.308% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.308% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 27 hours of funding at the current rate (+$28 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SONIC0.026280.0266pay 0.0133% / 4h2h 48m$3K$2K
ShortKuCoin SONICUSDTM0.026200.1184get 0.0592% / 4h2h 48m$486K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$192.81
Price spread: −0.308% → 0.000%
−$30.79
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$150.02
Costs to cover
0.120%
Break-even
1.6 days
Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 64 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 KuCoin live order book, 64 min ago37.61 bp956.3 bp −$956doesn't fitdoesn'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
Bybit SONICUSDT+0.0100%4h0.02625−0.118%$1.0M$921K25xas long as short
Gate SONIC_USDT+0.0100%4h0.02629+0.035%$128K$92K25xas long as short
Variational Omni SONIClong+0.0266%4h0.02628long leg$3K$2K
Bitget SONICUSDT+0.0782%4h0.02625−0.118%$414K$405K10xas long as short
KuCoin SONICUSDTMshort+0.1184%4h0.02620−0.308%$486K$24K10x
MEXC SONIC_USDT+0.1534%4h0.02627−0.042%$851K$128K50xas long as short
Binance SONICUSDT+0.1552%4h0.02628+0.009%$1.4M$2.0M10xas long as short
BloFin SONIC-USDT+0.1557%4h0.02628−0.004%$129K$3K10xas long as short