Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.94 per $10,000 · paid last 24h −0.056%
Price spread now: OKX against Bitget+0.052%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1221.217% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now +0.052%, 7d avg −0.065%
=The price spread pays, funding is against you. OKX is 0.116% dearer against Bitget than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.065%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOONUSDT | 0.1935 | 0.0288 | pay 0.0144% / 4h | 2h 53m | $9.1M | $199K | 25x |
| Short | OKX SOON-USDT-SWAP | 0.1936 | 0.0100 | get 0.0050% / 4h | 2h 53m | $1.9M | $417K | 20x |
Bitget SOONUSDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$39.48
- Price spread: +0.052% → −0.065%
- $11.62
- Slippage, 4 orders
- −$99.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$149.54
- Costs to cover
- 1.217%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: 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 Bitget live order book, 5 min ago | 2.58 bp | 29.3 bp −$29 | 260.5 bp −$2,605 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.58 bp | 39.7 bp −$40 | 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 | −0.372% | $10K | $1K | 10x | as long as short |
| BingX SOON-USDT | +0.0070% | 4h | 0.1930 | −0.258% | — | $6.7M | — | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0100% | 4h | 0.1936 | +0.052% | $1.9M | $417K | 20x | |
| Gate SOON_USDT | +0.0100% | 4h | 0.1932 | −0.155% | $3.1M | $90K | 50x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1934 | −0.031% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SOONUSDTlong | +0.0288% | 4h | 0.1935 | long leg | $9.1M | $199K | 25x | |
| Binance SOONUSDT | +0.0293% | 4h | 0.1937 | +0.089% | $7.9M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0304% | 1h | 0.1935 | +0.014% | $7K | $207K | 5x | as long as short |
| Aster SOONUSDT | +0.0633% | 4h | 0.1936 | +0.050% | $188K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3449% | 4h | 0.1923 | −0.595% | $221K | $4K | — | as long as short |
Kraken Futures PF_SOONUSD
BingX SOON-USDT
Gate SOON_USDT
KuCoin SOONUSDTM
Binance SOONUSDT
Extended SOON-USD
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.4365% | 4h | 0.1922 | −0.672% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT