Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate+0.309%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2452.454% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 7 days−0.364%−$36 · spread now +0.309%, 7d avg +0.115%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.194% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.115%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOON_USDT | 0.1942 | 0.0100 | pay 0.0050% / 4h | 29m 31s | $3.2M | $92K | 50x |
| Short | OKX SOON-USDT-SWAP | 0.1948 | 0.0172 | get 0.0086% / 4h | 29m 31s | $1.9M | $429K | 20x |
Gate SOON_USDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $15.18
- Price spread: +0.309% → +0.115%
- $19.42
- Slippage, 4 orders
- −$220.4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$210.8
- Costs to cover
- 2.454%
- Break-even
- 104.2 days
Slippage from Gate: live order book, 3 min ago; OKX: live order book, 2 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 | 5.14 bp | 78.2 bp −$78 | 12326.5 bp −$123.3K | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.57 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SOON_USDTlong | +0.0100% | 4h | 0.1942 | long leg | $3.2M | $92K | 50x | |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1948 | +0.288% | $1.8M | $3.1M | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0108% | 1h | 0.1941 | −0.034% | $11K | $1K | 10x | as long as short |
| Binance SOONUSDT | +0.0130% | 4h | 0.1948 | +0.319% | $8.0M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0136% | 1h | 0.1946 | +0.208% | $7K | $207K | 5x | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0172% | 4h | 0.1948 | +0.309% | $1.9M | $429K | 20x | |
| Aster SOONUSDT | +0.0828% | 4h | 0.1945 | +0.158% | $189K | $2K | 5x | as long as short |
| Bitget SOONUSDT | +0.0886% | 4h | 0.1948 | +0.309% | $9.1M | $219K | 25x | as long as short |
| Variational Omni SOON | +0.3369% | 4h | 0.1934 | −0.423% | $222K | $4K | — | as long as short |
| BingX SOON-USDT | +0.3514% | 4h | 0.1943 | +0.051% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Kraken Futures PF_SOONUSD
Binance SOONUSDT
Extended SOON-USD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.3752% | 4h | 0.1934 | −0.412% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT