Funding you earn now, next payment 04:00 UTC+0.1277%/8h= +139.8% APRnext payment +$6.38 per $10,000 · paid last 24h +1.017%
Price spread now: Bybit against Binance−0.613%7-day average −0.350% · you buy dearer than you sell
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days+1.410%+$141 on $10k
+Price spread, last 7 days+0.247%+$25 · spread now −0.613%, 7d avg −0.350%
=Funding pays, the price is against you. Bybit is 0.262% cheaper against Binance than usual: you would sell low and buy high (spread −0.613% now, against its 7-day average of −0.350%). If the spread goes back, that is −$26 on $10k: about 16 hours of funding at the current rate (+$38 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOONUSDT | 0.1945 | 0.0283 | pay 0.0141% / 4h | 2h 55m | $7.9M | $1.9M | 50x |
| Short | Bybit SOONUSDT | 0.1933 | 0.1559 | get 0.0780% / 4h | 2h 55m | $2.5M | $1.1M | 25x |
Binance SOONUSDT
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $268.1
- Price spread: −0.613% → −0.350%
- −$26.23
- Slippage, 4 orders
- −$112.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $108.05
- Costs to cover
- 1.338%
- Break-even
- 4.2 days
Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 1 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 Binance live order book, 13 min ago | 5.09 bp | 29.2 bp −$29 | 233.2 bp −$2,332 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.17 bp | 37.6 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1948 | +0.169% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0280% | 1h | 0.1944 | −0.027% | $7K | $193K | 5x | as long as short |
| Binance SOONUSDTlong | +0.0283% | 4h | 0.1945 | long leg | $7.9M | $1.9M | 50x | |
| OKX SOON-USDT-SWAP | +0.0384% | 4h | 0.1946 | +0.056% | $1.9M | $447K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0711% | 1h | 0.1940 | −0.249% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0943% | 4h | 0.1947 | +0.090% | $189K | $3K | 5x | as long as short |
| Gate SOON_USDT | +0.0968% | 4h | 0.1943 | −0.099% | $3.2M | $111K | 50x | as long as short |
| Bitget SOONUSDT | +0.1108% | 4h | 0.1946 | +0.056% | $9.1M | $245K | 25x | as long as short |
| Bybit SOONUSDTshort | +0.1559% | 4h | 0.1933 | −0.613% | $2.5M | $1.1M | 25x | |
| BingX SOON-USDT | +0.1574% | 4h | 0.1942 | −0.150% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Gate SOON_USDT
Bitget SOONUSDT
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.2516% | 4h | 0.1932 | −0.680% | $238K | $20K | — | as long as short |
Variational Omni SOON