Funding you earn now, next payment 04:00 UTC−0.1395%/8h= −152.8% APRnext payment −$6.98 per $10,000 · paid last 24h −0.544%
Price spread now: Binance against BingX+0.102%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days−1.059%−$106 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now +0.102%, 7d avg +0.129%
=Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Binance is 0.027% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SOON-USDT | 0.1954 | 0.2062 | pay 0.1031% / 4h | 1h 17m | — | $6.7M | — |
| Short | Binance SOONUSDT | 0.1956 | 0.0667 | get 0.0333% / 4h | 1h 17m | $8.0M | $1.9M | 50x |
BingX SOON-USDT
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$292.95
- Price spread: +0.102% → +0.129%
- −$2.68
- Slippage, 4 orders
- −$71.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$386.83
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 6 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 BingX live order book, 10 min ago | 2.57 bp | 17.3 bp −$17 | 70.8 bp −$708 | 837.2 bp −$83.7K | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.56 bp | 26.2 bp −$26 | 144.9 bp −$1,449 | 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 | 0.1957 | +0.169% | $1.8M | $3.3M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0590% | 4h | 0.1957 | +0.154% | $2.0M | $460K | 20x | as long as short |
| Extended SOON-USD | +0.0664% | 1h | 0.1955 | +0.075% | $6K | $193K | 5x | as long as short |
| Binance SOONUSDTshort | +0.0667% | 4h | 0.1956 | +0.102% | $8.0M | $1.9M | 50x | |
| Kraken Futures PF_SOONUSD | +0.0767% | 1h | 0.1948 | −0.327% | $11K | $2K | 10x | as long as short |
| Gate SOON_USDT | +0.0830% | 4h | 0.1951 | −0.154% | $3.2M | $119K | 50x | as long as short |
| Aster SOONUSDT | +0.1012% | 4h | 0.1955 | +0.051% | $190K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1050% | 4h | 0.1957 | +0.154% | $9.2M | $256K | 25x | as long as short |
| Variational Omni SOON | +0.1993% | 4h | 0.1944 | −0.505% | $239K | $20K | — | as long as short |
| BingX SOON-USDTlong | +0.2062% | 4h | 0.1954 | long leg | — | $6.7M | — |
KuCoin SOONUSDTM
OKX SOON-USDT-SWAP
Extended SOON-USD
Kraken Futures PF_SOONUSD
Gate SOON_USDT
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.2280% | 4h | 0.1943 | −0.563% | $2.5M | $1.2M | 25x | as long as short |
Bybit SOONUSDT