Funding you earn now, next payment 04:00 UTC−0.1230%/8h= −134.6% APRnext payment −$6.15 per $10,000 · paid last 24h −1.056%
Price spread now: OKX against Bybit+0.726%7-day average +0.263% · you sell dearer than you buy
Net, funding: paid 7d − costs−$307as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1431.435% of the position
Funding, last 7 days−1.639%−$164 on $10k
+Price spread, last 7 days−0.579%−$58 · spread now +0.726%, 7d avg +0.263%
=The price spread pays, funding is against you. OKX is 0.463% dearer against Bybit than usual: you sell high and buy low (spread +0.726% now, against its 7-day average of +0.263%): +$46 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOONUSDT | 0.1942 | 0.1633 | pay 0.0816% / 4h | 2h 50m | $2.5M | $1.1M | 25x |
| Short | OKX SOON-USDT-SWAP | 0.1956 | 0.0403 | get 0.0202% / 4h | 2h 50m | $2.0M | $451K | 20x |
Bybit SOONUSDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$258.2
- Price spread: +0.726% → +0.263%
- $46.27
- Slippage, 4 orders
- −$122.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$355.39
- Costs to cover
- 1.435%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 1 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 | 5.15 bp | 36.9 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.56 bp | 40.1 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1955 | +0.669% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0280% | 1h | 0.1955 | +0.682% | $7K | $193K | 5x | as long as short |
| Binance SOONUSDT | +0.0295% | 4h | 0.1956 | +0.735% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0403% | 4h | 0.1956 | +0.726% | $2.0M | $451K | 20x | |
| Kraken Futures PF_SOONUSD | +0.0710% | 1h | 0.1942 | +0.004% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0948% | 4h | 0.1954 | +0.646% | $190K | $3K | 5x | as long as short |
| Gate SOON_USDT | +0.1054% | 4h | 0.1950 | +0.417% | $3.2M | $112K | 50x | as long as short |
| Bitget SOONUSDT | +0.1102% | 4h | 0.1955 | +0.675% | $9.2M | $246K | 25x | as long as short |
| BingX SOON-USDT | +0.1336% | 4h | 0.1951 | +0.469% | — | $6.7M | — | as long as short |
| Bybit SOONUSDTlong | +0.1633% | 4h | 0.1942 | long leg | $2.5M | $1.1M | 25x |
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Gate SOON_USDT
Bitget SOONUSDT
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.2481% | 4h | 0.1939 | −0.139% | $239K | $20K | — | as long as short |
Variational Omni SOON