Funding you earn now, next payment 00:00 UTC−0.2804%/8h= −307.0% APRnext payment −$14.02 per $10,000 · paid last 24h −0.827%
Price spread now: Bitget against Bybit+0.776%7-day average +0.318% · you sell dearer than you buy
Net, funding: paid 7d − costs−$241as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$1261.256% of the position
Funding, last 7 days−1.155%−$115 on $10k
+Price spread, last 7 days−0.620%−$62 · spread now +0.776%, 7d avg +0.318%
=The price spread pays, funding is against you. Bitget is 0.458% dearer against Bybit than usual: you sell high and buy low (spread +0.776% now, against its 7-day average of +0.318%): +$46 on $10k if it goes back. Holding the pair costs −$84 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−1.155% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.155% in total (about -60.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.02 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 | 0.1933 | 0.3688 | pay 0.1844% / 4h | 35m 04s | $2.5M | $1.1M | 25x |
| Short | Bitget SOONUSDT | 0.1948 | 0.0884 | get 0.0442% / 4h | 35m 04s | $9.1M | $219K | 25x |
Bybit SOONUSDT
Bitget SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$588.82
- Price spread: +0.776% → +0.318%
- $45.82
- Slippage, 4 orders
- −$102.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$668.57
- Costs to cover
- 1.256%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: 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 Bybit live order book, 2 min ago | 5.17 bp | 47.0 bp −$47 | 920.3 bp −$9,203 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 5.13 bp | 25.2 bp −$25 | 170.0 bp −$1,700 | 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 SOONUSDTM | +0.0100% | 4h | 0.1948 | +0.766% | $1.8M | $3.1M | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0108% | 1h | 0.1942 | +0.471% | $11K | $1K | 10x | as long as short |
| Gate SOON_USDT | +0.0118% | 4h | 0.1944 | +0.569% | $3.2M | $92K | 50x | as long as short |
| BingX SOON-USDT | +0.0134% | 4h | 0.1945 | +0.621% | — | $6.7M | — | as long as short |
| Binance SOONUSDT | +0.0164% | 4h | 0.1948 | +0.795% | $8.0M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0168% | 1h | 0.1948 | +0.773% | $7K | $207K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0201% | 4h | 0.1949 | +0.828% | $1.9M | $429K | 20x | as long as short |
| Aster SOONUSDT | +0.0880% | 4h | 0.1946 | +0.677% | $189K | $2K | 5x | as long as short |
| Bitget SOONUSDTshort | +0.0884% | 4h | 0.1948 | +0.776% | $9.1M | $219K | 25x | |
| Variational Omni SOON | +0.3332% | 4h | 0.1934 | +0.040% | $222K | $4K | — | as long as short |
KuCoin SOONUSDTM
Kraken Futures PF_SOONUSD
Gate SOON_USDT
BingX SOON-USDT
Binance SOONUSDT
Extended SOON-USD
OKX SOON-USDT-SWAP
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTlong | +0.3688% | 4h | 0.1933 | long leg | $2.5M | $1.1M | 25x |