Funding you earn now, next payment 00:00 UTC−0.0936%/8h= −102.5% APRnext payment −$4.68 per $10,000 · paid last 24h −0.100%
Price spread now: KuCoin against Bitget+0.379%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$514as in the Funding arb table
Net, price: spread back to 7d avg − costs−$436as in the Price arb table
costs, in and out, $10k−$4764.758% of the position
Funding, last 7 days−0.377%−$38 on $10k
+Price spread, last 7 days−0.292%−$29 · spread now +0.379%, 7d avg −0.024%
=The price spread pays, funding is against you. KuCoin is 0.403% dearer against Bitget than usual: you sell high and buy low (spread +0.379% now, against its 7-day average of −0.024%): +$40 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.377% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.377% in total (about -19.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.68 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 | Bitget SOONUSDT | 0.1955 | 0.1036 | pay 0.0518% / 4h | 3m 36s | $9.1M | $219K | 25x |
| Short | KuCoin SOONUSDTM | 0.1962 | 0.0100 | get 0.0050% / 4h | 3m 36s | $1.8M | $3.1M | 50x |
Bitget SOONUSDT
KuCoin SOONUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$196.56
- Price spread: +0.379% → −0.024%
- $40.26
- Slippage, 4 orders
- −$451.84
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$632.13
- Costs to cover
- 4.758%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 4 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 Bitget live order book, 5 min ago | 5.11 bp | 25.7 bp −$26 | 227.0 bp −$2,270 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 3.58 bp | 186.0 bp −$186 | 689.9 bp −$6,899 | 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 SOONUSDTMshort | +0.0100% | 4h | 0.1962 | +0.379% | $1.8M | $3.1M | 50x | |
| Kraken Futures PF_SOONUSD | +0.0107% | 1h | 0.1956 | +0.041% | $11K | $1K | 10x | as long as short |
| Gate SOON_USDT | +0.0126% | 4h | 0.1957 | +0.102% | $3.2M | $93K | 50x | as long as short |
| Extended SOON-USD | +0.0152% | 1h | 0.1963 | +0.389% | $7K | $207K | 5x | as long as short |
| Binance SOONUSDT | +0.0174% | 4h | 0.1963 | +0.409% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0396% | 4h | 0.1963 | +0.409% | $2.0M | $436K | 20x | as long as short |
| Aster SOONUSDT | +0.0856% | 4h | 0.1956 | +0.051% | $190K | $2K | 5x | as long as short |
| Bitget SOONUSDTlong | +0.1036% | 4h | 0.1955 | long leg | $9.1M | $219K | 25x | |
| Variational Omni SOON | +0.3393% | 4h | 0.1942 | −0.678% | $223K | $4K | — | as long as short |
| BingX SOON-USDT | +0.3634% | 4h | 0.1958 | +0.153% | — | $6.7M | — | as long as short |
Kraken Futures PF_SOONUSD
Gate SOON_USDT
Extended SOON-USD
Binance SOONUSDT
OKX SOON-USDT-SWAP
Aster SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.3852% | 4h | 0.1946 | −0.460% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT