Funding you earn now, next payment 00:00 UTC+0.0687%/8h= +75.2% APRnext payment +$3.43 per $10,000 · paid last 24h +0.056%
Price spread now: Bitget against OKX−0.051%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1221.225% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.051%, 7d avg +0.058%
=Funding pays, the price is against you. Bitget is 0.109% cheaper against OKX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.058%). If the spread goes back, that is −$11 on $10k: about 13 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.336% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SOON-USDT-SWAP | 0.1949 | 0.0191 | pay 0.0096% / 4h | 32m 39s | $1.9M | $429K | 20x |
| Short | Bitget SOONUSDT | 0.1948 | 0.0878 | get 0.0439% / 4h | 32m 39s | $9.1M | $219K | 25x |
OKX SOON-USDT-SWAP
Bitget SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $144.24
- Price spread: −0.051% → +0.058%
- −$10.92
- Slippage, 4 orders
- −$100.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $10.82
- Costs to cover
- 1.225%
- Break-even
- 6.5 days
Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 1 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, 4 min ago | 5.13 bp | 28.6 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.70 bp | 23.0 bp −$23 | 145.1 bp −$1,451 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1947 | −0.092% | $1.8M | $3.1M | 50x | as long as short |
| Gate SOON_USDT | +0.0106% | 4h | 0.1943 | −0.308% | $3.2M | $92K | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0108% | 1h | 0.1941 | −0.408% | $11K | $1K | 10x | as long as short |
| BingX SOON-USDT | +0.0134% | 4h | 0.1942 | −0.359% | — | $6.7M | — | as long as short |
| Binance SOONUSDT | +0.0148% | 4h | 0.1948 | −0.027% | $8.0M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0160% | 1h | 0.1948 | −0.053% | $7K | $207K | 5x | as long as short |
| OKX SOON-USDT-SWAPlong | +0.0191% | 4h | 0.1949 | long leg | $1.9M | $429K | 20x | |
| Aster SOONUSDT | +0.0860% | 4h | 0.1946 | −0.158% | $189K | $2K | 5x | as long as short |
| Bitget SOONUSDTshort | +0.0878% | 4h | 0.1948 | −0.051% | $9.1M | $219K | 25x | |
| Variational Omni SOON | +0.3332% | 4h | 0.1934 | −0.781% | $222K | $4K | — | as long as short |
KuCoin SOONUSDTM
Gate SOON_USDT
Kraken Futures PF_SOONUSD
BingX SOON-USDT
Binance SOONUSDT
Extended SOON-USD
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.3727% | 4h | 0.1932 | −0.872% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT