Funding you earn now, next payment 12:00 UTC−0.0223%/8h= −24.4% APRnext payment −$1.12 per $10,000 · paid last 24h −0.038%
Price spread now: OKX against Binance−0.023%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1481.478% of the position
Funding, last 7 days−0.206%−$21 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now −0.023%, 7d avg −0.075%
=The price spread pays, funding is against you. OKX is 0.052% dearer against Binance than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.075%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.206% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOONUSDT | 0.1951 | 0.0323 | pay 0.0162% / 4h | 1h 57m | $7.9M | $1.9M | 50x |
| Short | OKX SOON-USDT-SWAP | 0.1951 | 0.0100 | get 0.0050% / 4h | 1h 57m | $2.0M | $526K | 20x |
Binance SOONUSDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$46.87
- Price spread: −0.023% → −0.075%
- $5.23
- Slippage, 4 orders
- −$127.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$189.48
- Costs to cover
- 1.478%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; OKX: live order book, 2 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, 4 min ago | 2.56 bp | 30.0 bp −$30 | 214.5 bp −$2,145 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.56 bp | 48.0 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
SOON on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX SOON-USDT-SWAPshort | +0.0100% | 4h | 0.1951 | −0.023% | $2.0M | $526K | 20x | |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1952 | +0.038% | $1.8M | $3.7M | 50x | as long as short |
| Bybit SOONUSDT | +0.0281% | 4h | 0.1941 | −0.536% | $2.6M | $1.2M | 25x | as long as short |
| Extended SOON-USD | +0.0320% | 1h | 0.1951 | −0.030% | $10K | $184K | 5x | as long as short |
| Binance SOONUSDTlong | +0.0323% | 4h | 0.1951 | long leg | $7.9M | $1.9M | 50x | |
| Gate SOON_USDT | +0.0690% | 4h | 0.1947 | −0.228% | $3.2M | $140K | 50x | as long as short |
| BingX SOON-USDT | +0.0856% | 4h | 0.1948 | −0.177% | — | $6.7M | — | as long as short |
| Bitget SOONUSDT | +0.0876% | 4h | 0.1950 | −0.074% | $9.1M | $306K | 25x | as long as short |
| Aster SOONUSDT | +0.0961% | 4h | 0.1948 | −0.177% | $190K | $4K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.1124% | 1h | 0.1945 | −0.312% | $11K | $2K | 10x | as long as short |
KuCoin SOONUSDTM
Bybit SOONUSDT
Extended SOON-USD
Gate SOON_USDT
BingX SOON-USDT
Bitget SOONUSDT
Aster SOONUSDT
Kraken Futures PF_SOONUSDShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.1308% | 4h | 0.1939 | −0.636% | $240K | $20K | — | as long as short |
Variational Omni SOON