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

SOON

all SOON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.3594%/8h= +393.6% APRnext payment +$17.97 per $10,000 · paid last 24h +0.799%
Price spread now: Variational Omni against Gate−0.447%7-day average −0.163% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.961%+$96 on $10k
Price spread, last 3 days (all we have)+0.417%+$42 · spread now −0.447%, 7d avg −0.163%
Together, before fees+1.378%+ Points / potential airdropVariational Omni: Active · farm board+$138 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.284% cheaper against Gate than usual: you would sell low and buy high (spread −0.447% now, against its 7-day average of −0.163%). If the spread goes back, that is −$28 on $10k: about 6 hours of funding at the current rate (+$108 a day). At the pace of the last 3 days (+0.961% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.961% in total (about 107.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SOON_USDT0.19370.0100pay 0.0050% / 4h1h 52m$3.1M$91K50x
ShortVariational Omni SOON0.19280.3694get 0.1847% / 4h1h 52m$221K$4K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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
$754.8
Price spread: −0.447% → −0.163%
−$28.44
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$711.36
Costs to cover
0.150%
Break-even
0.4 days
Slippage unknown: Gate: live order book, 6 min ago; Variational Omni: RFQ quote, 32 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 6 min ago5.16 bp85.9 bp −$8613195.0 bp −$131.9Kdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 32 min ago7.75 bpdoesn't fit302.4 bp −$3,024doesn'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
BingX SOON-USDT+0.0070%4h0.1940+0.155%$6.7Mas long as short
OKX SOON-USDT-SWAP+0.0100%4h0.1943+0.310%$1.9M$420K20xas long as short
Gate SOON_USDTlong+0.0100%4h0.1937long leg$3.1M$91K50x
KuCoin SOONUSDTM+0.0100%4h0.1941+0.217%$1.8M$3.0M50xas long as short
Binance SOONUSDT+0.0191%4h0.1943+0.310%$7.9M$1.9M50xas long as short
Extended SOON-USD+0.0192%1h0.1943+0.294%$7K$207K5xas long as short
Kraken Futures PF_SOONUSD+0.0338%1h0.1938+0.028%$11K$1K10xas long as short
Bitget SOONUSDT+0.0470%4h0.1944+0.361%$9.1M$208K25xas long as short
Aster SOONUSDT+0.0711%4h0.1942+0.258%$189K$2K5xas long as short
Variational Omni SOONshort+0.3694%4h0.1928−0.447%$221K$4K
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.4306%4h0.1926−0.568%$2.5M$1.1M25xas long as short