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Funding arb · Price arb /

SOON

all SOON markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h +0.066%
Price spread now: Binance against Kraken Futures+0.511%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Binance
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.511% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.511% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7.1 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SOONUSD0.19350.0338pay 0.0042% / 1h10m 25s$11K$1K10x
ShortBinance SOONUSDT0.19450.0100get 0.0050% / 4h1h 10m$8.0M$1.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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
−$50.05
Price spread: +0.511% → 0.000%
$51.07
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$18.98
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 14 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 Kraken Futures no order-book sample—————
Sell Binance live order book, 14 min ago5.14 bp37.8 bp −$38146.0 bp −$1,460doesn't fitdoesn't fit
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%4h0.1942+0.338%—$6.7M—as long as short
Binance SOONUSDTshort+0.0100%4h0.1945+0.511%$8.0M$1.9M50x
OKX SOON-USDT-SWAP+0.0100%4h0.1945+0.493%$1.9M$423K20xas long as short
Gate SOON_USDT+0.0100%4h0.1938+0.131%$3.1M$92K50xas long as short
KuCoin SOONUSDTM+0.0100%4h0.1943+0.394%$1.8M$3.0M50xas long as short
Extended SOON-USD+0.0104%1h0.1945+0.510%$7K$207K5xas long as short
Kraken Futures PF_SOONUSDlong+0.0338%1h0.1935long leg$11K$1K10x
Bitget SOONUSDT+0.0628%4h0.1943+0.389%$9.1M$217K25xas long as short
Aster SOONUSDT+0.0647%4h0.1942+0.338%$189K$2K5xas long as short
Variational Omni SOON+0.3120%4h0.1925−0.527%$222K$4K—as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.3354%4h0.1930−0.282%$2.5M$1.1M25xas long as short