Funding you earn now, next payment 00:00 UTC+0.3417%/8h= +374.1% APRpaid last 24h +0.851%
Price spread now: Bybit against Extended−0.687%7-day average −0.403% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$269as in the Price arb table
costs, in and out, $10k−$2412.410% of the position
Funding, last 7 days+1.257%+$126 on $10k
+Price spread, last 4 days (all we have)+0.413%+$41 · spread now −0.687%, 7d avg −0.403%
=Together, before fees+1.670%+ Points / potential airdropExtended: Active · farm board+$167 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.284% cheaper against Extended than usual: you would sell low and buy high (spread −0.687% now, against its 7-day average of −0.403%). If the spread goes back, that is −$28 on $10k: about 7 hours of funding at the current rate (+$103 a day). At the pace of the last 7 days (+1.257% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.257% in total (about 65.5% a year). A funding rate is set anew for every payment. 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 | Extended SOON-USD | 0.1949 | 0.0104 | pay 0.0013% / 1h | 58m 27s | $7K | $207K | 5x |
| Short | Bybit SOONUSDT | 0.1936 | 0.3521 | get 0.1760% / 4h | 58m 27s | $2.5M | $1.1M | 25x |
Extended SOON-USD
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- $717.52
- Price spread: −0.687% → −0.403%
- −$28.45
- Slippage, 4 orders
- −$225.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $448.05
- Costs to cover
- 2.410%
- Break-even
- 2.6 days
Slippage from Extended: live order book, 18 min ago; Bybit: live order book, 4 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 Extended live order book, 18 min ago | 7.98 bp | 145.4 bp −$145 | 598.3 bp −$5,983 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.58 bp | 43.1 bp −$43 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.0070% | 4h | 0.1946 | −0.169% | — | $6.7M | — | as long as short |
| Binance SOONUSDT | +0.0100% | 4h | 0.1950 | +0.045% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1952 | +0.139% | $1.9M | $429K | 20x | as long as short |
| Gate SOON_USDT | +0.0100% | 4h | 0.1945 | −0.220% | $3.2M | $91K | 50x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1949 | −0.020% | $1.8M | $3.1M | 50x | as long as short |
| Extended SOON-USDlong | +0.0104% | 1h | 0.1949 | long leg | $7K | $207K | 5x | |
| Kraken Futures PF_SOONUSD | +0.0108% | 1h | 0.1941 | −0.414% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0758% | 4h | 0.1946 | −0.193% | $189K | $2K | 5x | as long as short |
| Bitget SOONUSDT | +0.0798% | 4h | 0.1943 | −0.323% | $9.1M | $217K | 25x | as long as short |
| Variational Omni SOON | +0.3151% | 4h | 0.1935 | −0.721% | $222K | $4K | — | as long as short |
BingX SOON-USDT
Binance SOONUSDT
OKX SOON-USDT-SWAP
Gate SOON_USDT
KuCoin SOONUSDTM
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTshort | +0.3521% | 4h | 0.1936 | −0.687% | $2.5M | $1.1M | 25x |