Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.424%
Price spread now: BingX against OKX−0.154%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1001.002% of the position
Funding, last 7 days+1.148%+$115 on $10k
+Price spread, last 7 days+0.191%+$19 · spread now −0.154%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.116% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.148%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SOON-USDT-SWAP | 0.1943 | 0.0100 | pay 0.0050% / 4h | 1h 52m | $1.9M | $420K | 20x |
| Short | BingX SOON-USDT | 0.1940 | 0.0070 | get 0.0035% / 4h | 1h 52m | — | $6.7M | — |
OKX SOON-USDT-SWAP
BingX SOON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- −$6.3
- Price spread: −0.154% → −0.038%
- −$11.62
- Slippage, 4 orders
- −$80.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$118.1
- Costs to cover
- 1.002%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; BingX: live order book, 15 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 OKX live order book, 5 min ago | 2.57 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 7.75 bp | 13.5 bp −$14 | 69.7 bp −$697 | 758.7 bp −$75.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDTshort | +0.0070% | 4h | 0.1940 | −0.154% | — | $6.7M | — | |
| OKX SOON-USDT-SWAPlong | +0.0100% | 4h | 0.1943 | long leg | $1.9M | $420K | 20x | |
| Gate SOON_USDT | +0.0100% | 4h | 0.1937 | −0.309% | $3.1M | $91K | 50x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1944 | +0.057% | $1.8M | $3.0M | 50x | as long as short |
| Binance SOONUSDT | +0.0191% | 4h | 0.1943 | +0.020% | $8.0M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0200% | 1h | 0.1943 | +0.021% | $7K | $207K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0338% | 1h | 0.1938 | −0.281% | $11K | $1K | 10x | as long as short |
| Bitget SOONUSDT | +0.0470% | 4h | 0.1945 | +0.103% | $9.1M | $208K | 25x | as long as short |
| Aster SOONUSDT | +0.0711% | 4h | 0.1942 | −0.051% | $189K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3694% | 4h | 0.1928 | −0.755% | $221K | $4K | — | as long as short |
Gate SOON_USDT
KuCoin SOONUSDTM
Binance SOONUSDT
Extended SOON-USD
Kraken Futures PF_SOONUSD
Bitget SOONUSDT
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.4306% | 4h | 0.1930 | −0.695% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT