SOON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.3624%/8h= +396.9% APRnext payment +$18.12 per $10,000 · paid last 24h +0.374%

Price spread now: Variational Omni against BingX−0.601%7-day average −0.266% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.174%+$17 on $10k

Price spread, last 3 days (all we have)+0.374%+$37 · spread now −0.601%, 7d avg −0.266%

Together, before fees+0.548%+ Points / potential airdropVariational Omni: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.335% cheaper against BingX than usual: you would sell low and buy high (spread −0.601% now, against its 7-day average of −0.266%). If the spread goes back, that is −$34 on $10k: about 7 hours of funding at the current rate (+$109 a day). At the pace of the last 3 days (+0.174% in total) that is about 6.3 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.174% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$18.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOON-USDT	0.1940	0.0070	pay 0.0035% / 4h	1h 51m	—	$6.7M	—
Short	Variational Omni SOON	0.1928	0.3694	get 0.1847% / 4h	1h 51m	$221K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee Variational OmnibpOrdersPrice spread, now −0.601%Rate

Funding earned: $761.1
Price spread: −0.601% → −0.266%: −$33.54
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $717.57
Costs to cover: 0.100%
Break-even: 0.4 days

Slippage unknown: BingX: live order book, 15 min ago; Variational Omni: RFQ quote, 32 min ago. Net counts fees only.

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, 15 min ago	7.75 bp	18.5 bp −$18	63.4 bp −$634	750.1 bp −$75.0K	doesn't fit
Sell Variational Omni RFQ quote, 32 min ago	7.75 bp	doesn't fit	302.4 bp −$3,024	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
BingX SOON-USDTlong	+0.0070%	4h	0.1940	long leg	—	$6.7M	—
OKX SOON-USDT-SWAP	+0.0100%	4h	0.1943	+0.155%	$1.9M	$420K	20x	as long as short
Gate SOON_USDT	+0.0100%	4h	0.1937	−0.155%	$3.1M	$91K	50x	as long as short
KuCoin SOONUSDTM	+0.0100%	4h	0.1941	+0.062%	$1.8M	$3.0M	50x	as long as short
Binance SOONUSDT	+0.0191%	4h	0.1943	+0.155%	$7.9M	$1.9M	50x	as long as short
Extended SOON-USD	+0.0192%	1h	0.1943	+0.139%	$7K	$207K	5x	as long as short
Kraken Futures PF_SOONUSD	+0.0338%	1h	0.1938	−0.126%	$11K	$1K	10x	as long as short
Bitget SOONUSDT	+0.0470%	4h	0.1944	+0.206%	$9.1M	$208K	25x	as long as short
Aster SOONUSDT	+0.0711%	4h	0.1942	+0.103%	$189K	$2K	5x	as long as short
Variational Omni SOONshort	+0.3694%	4h	0.1928	−0.601%	$221K	$4K	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOONUSDT	+0.4306%	4h	0.1926	−0.722%	$2.5M	$1.1M	25x	as long as short