Settings8H · net · $10k
Funding arb · Price arb /

SOON

all SOON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h −0.017%
Price spread now: OKX against Extended−0.037%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2172.165% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.219%−$22 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.037%, 7d avg −0.007%
Together, before fees−0.203%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.030% cheaper against Extended than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SOON-USD0.19610.0272pay 0.0034% / 1h39m 06s$7K$202K5x
ShortOKX SOON-USDT-SWAP0.19600.0447get 0.0223% / 4h3h 39m$2.0M$446K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$36.7
Price spread: −0.037% → −0.007%
−$3.01
Slippage, 4 orders
−$201.54
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$182.85
Costs to cover
2.165%
Break-even
41.9 days
Slippage from Extended: live order book, 33 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 33 min ago9.71 bp114.6 bp −$115523.6 bp −$5,236doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago2.55 bp37.5 bp −$37doesn't fitdoesn't fitdoesn't fit

SOON on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SOONUSDTM+0.0100%4h0.1961+0.025%$1.8M$3.1M50xas long as short
Extended SOON-USDlong+0.0272%1h0.1961long leg$7K$202K5x
Binance SOONUSDT+0.0275%4h0.1961+0.022%$8.0M$1.9M50xas long as short
Gate SOON_USDT+0.0356%4h0.1957−0.190%$3.2M$110K50xas long as short
OKX SOON-USDT-SWAPshort+0.0447%4h0.1960−0.037%$2.0M$446K20x
Kraken Futures PF_SOONUSD+0.0532%1h0.1955−0.311%$11K$1K10xas long as short
Aster SOONUSDT+0.0942%4h0.1956−0.241%$190K$2K5xas long as short
Bitget SOONUSDT+0.1066%4h0.1961+0.014%$9.2M$226K25xas long as short
BingX SOON-USDT+0.2910%4h0.1958−0.139%$6.7Mas long as short
Variational Omni SOON+0.3220%4h0.1948−0.664%$239K$20Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.3633%4h0.1947−0.715%$2.5M$1.1M25xas long as short