Funding you earn now, next payment 00:00 UTC−0.0114%/8h= −12.4% APRnext payment −$0.57 per $10,000 · paid last 24h −0.052%
Price spread now: Gate against Binance−0.291%7-day average −0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$2252.255% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 7 days+0.172%+$17 · spread now −0.291%, 7d avg −0.201%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.089% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.201%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOONUSDT | 0.1940 | 0.0214 | pay 0.0107% / 4h | 2h 40m | $7.9M | $1.9M | 50x |
| Short | Gate SOON_USDT | 0.1934 | 0.0100 | get 0.0050% / 4h | 2h 40m | $3.1M | $90K | 50x |
Binance SOONUSDT
Gate SOON_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$23.84
- Price spread: −0.291% → −0.201%
- −$8.91
- Slippage, 4 orders
- −$200.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$258.25
- Costs to cover
- 2.255%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Gate: live order book, 3 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, 14 min ago | 2.58 bp | 22.6 bp −$23 | 172.1 bp −$1,721 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.58 bp | 100.4 bp −$100 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOONUSD | +0.0057% | 1h | 0.1928 | −0.606% | $10K | $1K | 10x | as long as short |
| BingX SOON-USDT | +0.0070% | 4h | 0.1935 | −0.239% | — | $6.7M | — | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1940 | +0.019% | $1.9M | $414K | 20x | as long as short |
| Gate SOON_USDTshort | +0.0100% | 4h | 0.1934 | −0.291% | $3.1M | $90K | 50x | |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1938 | −0.079% | $1.8M | $3.0M | 50x | as long as short |
| Binance SOONUSDTlong | +0.0214% | 4h | 0.1940 | long leg | $7.9M | $1.9M | 50x | |
| Extended SOON-USD | +0.0216% | 1h | 0.1939 | −0.009% | $7K | $207K | 5x | as long as short |
| Bitget SOONUSDT | +0.0268% | 4h | 0.1937 | −0.136% | $9.1M | $198K | 25x | as long as short |
| Aster SOONUSDT | +0.0568% | 4h | 0.1939 | −0.024% | $189K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3634% | 4h | 0.1925 | −0.780% | $221K | $4K | — | as long as short |
Kraken Futures PF_SOONUSD
BingX SOON-USDT
OKX SOON-USDT-SWAP
KuCoin SOONUSDTM
Extended SOON-USD
Bitget SOONUSDT
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.4727% | 4h | 0.1922 | −0.909% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT