Funding you earn now, next payment 12:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.31 per $10,000 · paid last 24h −1.072%
Price spread now: Binance against Bybit+0.578%7-day average +0.363% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1241.244% of the position
Funding, last 7 days−1.591%−$159 on $10k
+Price spread, last 7 days−0.346%−$35 · spread now +0.578%, 7d avg +0.363%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.216% dearer against Bybit than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.363%. Mind the row above: over the last 7 days funding on this pair cost −1.591%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOONUSDT | 0.1922 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $2.6M | $1.2M | 25x |
| Short | Binance SOONUSDT | 0.1933 | 0.0161 | get 0.0081% / 4h | 1h 31m | $7.9M | $1.9M | 50x |
Bybit SOONUSDT
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $12.89
- Price spread: +0.578% → +0.363%
- $21.57
- Slippage, 4 orders
- −$103.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$89.91
- Costs to cover
- 1.244%
- Break-even
- 55.8 days
Slippage from Bybit: live order book, 9 min ago; Binance: live order book, 16 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, 9 min ago | 5.17 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.57 bp | 34.3 bp −$34 | 128.6 bp −$1,286 | doesn't fit | doesn't fit |
SOON on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTlong | +0.0100% | 4h | 0.1922 | long leg | $2.6M | $1.2M | 25x | |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1934 | +0.609% | $1.9M | $534K | 20x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1933 | +0.531% | $1.8M | $3.7M | 50x | as long as short |
| Extended SOON-USD | +0.0160% | 1h | 0.1931 | +0.473% | $6K | $184K | 5x | as long as short |
| Binance SOONUSDTshort | +0.0161% | 4h | 0.1933 | +0.578% | $7.9M | $1.9M | 50x | |
| Gate SOON_USDT | +0.0448% | 4h | 0.1928 | +0.297% | $3.2M | $157K | 50x | as long as short |
| Aster SOONUSDT | +0.0748% | 4h | 0.1932 | +0.489% | $188K | $4K | 5x | as long as short |
| Variational Omni SOON | +0.0770% | 4h | 0.1929 | +0.323% | $238K | $20K | — | as long as short |
| BingX SOON-USDT | +0.0776% | 4h | 0.1930 | +0.401% | — | $6.7M | — | as long as short |
| Bitget SOONUSDT | +0.0790% | 4h | 0.1931 | +0.453% | $9.1M | $321K | 25x | as long as short |
OKX SOON-USDT-SWAP
KuCoin SOONUSDTM
Extended SOON-USD
Gate SOON_USDT
Aster SOONUSDT
Variational Omni SOON
BingX SOON-USDT
Bitget SOONUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOONUSD | +0.1132% | 1h | 0.1932 | +0.505% | $11K | $2K | 10x | as long as short |
Kraken Futures PF_SOONUSD