SOON

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.3024%/8h= −331.1% APRnext payment −$15.12 per $10,000 · paid last 24h −0.787%

Price spread now: Aster against Bybit+0.805%7-day average +0.322% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1831.830% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−1.025%−$102 on $10k

Price spread, last 4 days (all we have)−0.677%−$68 · spread now +0.805%, 7d avg +0.322%

Together, before fees−1.702%+ Points / potential airdropAster: Stage 5 · farm board−$170 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.483% dearer against Bybit than usual: you sell high and buy low (spread +0.805% now, against its 7-day average of +0.322%): +$48 on $10k if it goes back. Holding the pair costs −$91 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 5 days (−1.025% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -1.025% in total (about -70.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.12 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	Bybit SOONUSDT	0.1939	0.3828	pay 0.1914% / 4h	11m 37s	$2.5M	$1.1M	25x
Short	Aster SOONUSDT	0.1955	0.0804	get 0.0402% / 4h	11m 37s	$190K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.805%Rate

Funding earned: −$635.06
Price spread: +0.805% → +0.322%: $48.29
Slippage, 4 orders: −$163.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$769.74
Costs to cover: 1.830%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 65 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 Bybit live order book, 5 min ago	7.73 bp	41.5 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	12.87 bp	52.4 bp −$52	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
Gate SOON_USDT	+0.0100%	4h	0.1951	+0.603%	$3.2M	$92K	50x	as long as short
KuCoin SOONUSDTM	+0.0100%	4h	0.1955	+0.815%	$1.8M	$3.1M	50x	as long as short
Binance SOONUSDT	+0.0101%	4h	0.1956	+0.845%	$8.0M	$1.9M	50x	as long as short
Extended SOON-USD	+0.0104%	1h	0.1955	+0.827%	$7K	$207K	5x	as long as short
Kraken Futures PF_SOONUSD	+0.0107%	1h	0.1946	+0.341%	$11K	$1K	10x	as long as short
OKX SOON-USDT-SWAP	+0.0262%	4h	0.1956	+0.861%	$2.0M	$433K	20x	as long as short
Aster SOONUSDTshort	+0.0804%	4h	0.1955	+0.805%	$190K	$2K	5x
Bitget SOONUSDT	+0.0962%	4h	0.1955	+0.810%	$9.1M	$219K	25x	as long as short
Variational Omni SOON	+0.3596%	4h	0.1940	+0.047%	$223K	$4K	—	as long as short
BingX SOON-USDT	+0.3718%	4h	0.1952	+0.655%	—	$6.7M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOONUSDTlong	+0.3828%	4h	0.1939	long leg	$2.5M	$1.1M	25x