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

SOON

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.3407%/8h= +373.0% APRnext payment +$17.03 per $10,000 · paid last 24h +0.481%
Price spread now: BingX against Aster−0.190%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1321.320% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.864%+$86 on $10k
Price spread, last 4 days (all we have)+0.608%+$61 · spread now −0.190%, 7d avg −0.025%
Together, before fees+1.473%+ Points / potential airdropAster: Stage 5 · farm board+$147 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.165% cheaper against Aster than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of −0.025%). If the spread goes back, that is −$16 on $10k: about 4 hours of funding at the current rate (+$102 a day). At the pace of the last 6 days (+0.864% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.864% in total (about 55.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SOONUSDT0.19710.1099pay 0.0550% / 4h3h 05m$192K$4K5x
ShortBingX SOON-USDT0.19670.4506get 0.2253% / 4h3h 05m$6.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$715.39
Price spread: −0.190% → −0.025%
−$16.49
Slippage, 4 orders
−$114.01
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
$566.88
Costs to cover
1.320%
Break-even
1.5 days
Slippage from Aster: live order book, 26 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 26 min ago12.84 bp45.8 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago2.54 bp17.0 bp −$1774.8 bp −$748838.2 bp −$83.8Kdoesn't fit

SOON on 11 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
KuCoin SOONUSDTM+0.0100%4h0.1972+0.084%$1.8M$3.6M50xas long as short
OKX SOON-USDT-SWAP+0.0314%4h0.1972+0.064%$2.0M$528K20xas long as short
Binance SOONUSDT+0.0495%4h0.1971−0.002%$8.1M$2.0M50xas long as short
Extended SOON-USD+0.0496%1h0.1970−0.015%$9K$182K5xas long as short
Kraken Futures PF_SOONUSD+0.0656%1h0.1966−0.218%$11K$2K10xas long as short
Bitget SOONUSDT+0.1066%4h0.1970−0.037%$9.2M$312K25xas long as short
Aster SOONUSDTlong+0.1099%4h0.1971long leg$192K$4K5x
Gate SOON_USDT+0.2128%4h0.1968−0.139%$3.2M$149K50xas long as short
Variational Omni SOON+0.2856%4h0.1961−0.510%$242K$20Kas long as short
Bybit SOONUSDT+0.4277%4h0.1960−0.545%$2.6M$1.3M25xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SOON-USDTshort+0.4506%4h0.1967−0.190%$6.7M