Funding you earn now, next payment 04:00 UTC+0.1836%/8h= +201.0% APRnext payment +$9.18 per $10,000 · paid last 24h +0.598%
Price spread now: BingX against Gate+0.051%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2212.214% of the position
Funding, last 7 days+1.238%+$124 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now +0.051%, 7d avg +0.077%
=Funding pays, the price is against you. BingX is 0.026% cheaper against Gate than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.077%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$55 a day). At the pace of the last 7 days (+1.238% in total) that is about 4 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.238% in total (about 64.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.18 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 | Gate SOON_USDT | 0.1961 | 0.1090 | pay 0.0545% / 4h | 2h 09m | $3.2M | $116K | 50x |
| Short | BingX SOON-USDT | 0.1962 | 0.2926 | get 0.1463% / 4h | 2h 09m | — | $6.7M | — |
Gate SOON_USDT
BingX SOON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $385.56
- Price spread: +0.051% → +0.077%
- −$2.63
- Slippage, 4 orders
- −$196.4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $161.52
- Costs to cover
- 2.214%
- Break-even
- 4.1 days
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 13 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 Gate live order book, 3 min ago | 5.09 bp | 83.5 bp −$83 | 11868.7 bp −$118.7K | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 7.62 bp | 22.8 bp −$23 | 76.2 bp −$762 | 882.6 bp −$88.3K | 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 | 0.1968 | +0.331% | $1.8M | $3.2M | 50x | as long as short |
| Binance SOONUSDT | +0.0508% | 4h | 0.1966 | +0.233% | $8.0M | $2.0M | 50x | as long as short |
| Extended SOON-USD | +0.0512% | 1h | 0.1966 | +0.230% | $6K | $194K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0562% | 4h | 0.1965 | +0.204% | $2.0M | $461K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0703% | 1h | 0.1962 | +0.041% | $11K | $2K | 10x | as long as short |
| Aster SOONUSDT | +0.1045% | 4h | 0.1966 | +0.279% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1058% | 4h | 0.1966 | +0.255% | $9.2M | $256K | 25x | as long as short |
| Gate SOON_USDTlong | +0.1090% | 4h | 0.1961 | long leg | $3.2M | $116K | 50x | |
| Variational Omni SOON | +0.2634% | 4h | 0.1957 | −0.221% | $241K | $20K | — | as long as short |
| BingX SOON-USDTshort | +0.2926% | 4h | 0.1962 | +0.051% | — | $6.7M | — |
KuCoin SOONUSDTM
Binance SOONUSDT
Extended SOON-USD
OKX SOON-USDT-SWAP
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 SOONUSDT | +0.3148% | 4h | 0.1954 | −0.357% | $2.6M | $1.2M | 25x | as long as short |
Bybit SOONUSDT