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

SOON

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.072%
Price spread now: Bitget against Kraken Futures−0.060%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Bitget is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 22 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SOONUSD0.19380.0056pay 0.0007% / 1h34m 52s$11K$1K10x
ShortBitget SOONUSDT0.19370.0278get 0.0139% / 4h2h 34m$9.1M$198K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$46.53
Price spread: −0.060% → 0.000%
−$5.99
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$18.54
Costs to cover
0.220%
Break-even
4.2 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago2.58 bp36.9 bp −$37212.4 bp −$2,124doesn'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
Kraken Futures PF_SOONUSDlong+0.0056%1h0.1938long leg$11K$1K10x
BingX SOON-USDT+0.0070%4h0.1937−0.060%$6.7Mas long as short
OKX SOON-USDT-SWAP+0.0100%4h0.1941+0.147%$1.9M$417K20xas long as short
Gate SOON_USDT+0.0100%4h0.1934−0.215%$3.1M$90K50xas long as short
KuCoin SOONUSDTM+0.0100%4h0.1941+0.141%$1.8M$3.0M50xas long as short
Extended SOON-USD+0.0192%1h0.1942+0.202%$7K$207K5xas long as short
Binance SOONUSDT+0.0192%4h0.1942+0.218%$8.0M$1.9M50xas long as short
Bitget SOONUSDTshort+0.0278%4h0.1937−0.060%$9.1M$198K25x
Aster SOONUSDT+0.0564%4h0.1942+0.179%$189K$2K5xas long as short
Variational Omni SOON+0.3774%4h0.1926−0.605%$221K$4Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.5067%4h0.1928−0.545%$2.5M$1.1M25xas long as short