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

SOON

all SOON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.5% APRpaid last 24h +0.032%
Price spread now: Extended against OKX−0.026%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2332.327% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.231%+$23 on $10k
Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.026%, 7d avg +0.006%
Together, before fees+0.140%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.032% cheaper against OKX than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SOON-USDT-SWAP0.19410.0522pay 0.0261% / 4h51m 41s$1.9M$476K20x
ShortExtended SOON-USD0.19400.0608get 0.0076% / 1h51m 41s$6K$193K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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
$18.15
Price spread: −0.026% → +0.006%
−$3.19
Slippage, 4 orders
−$217.73
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$217.77
Costs to cover
2.327%
Break-even
91.0 days
Slippage from OKX: live order book, 5 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago5.13 bp40.6 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 5 min ago10.26 bp37.2 bp −$37382.0 bp −$3,820doesn'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
KuCoin SOONUSDTM+0.0100%4h0.1942+0.031%$1.8M$3.3M50xas long as short
Kraken Futures PF_SOONUSD+0.0506%1h0.1936−0.262%$11K$2K10xas long as short
OKX SOON-USDT-SWAPlong+0.0522%4h0.1941long leg$1.9M$476K20x
Binance SOONUSDT+0.0599%4h0.19410.000%$7.9M$2.0M50xas long as short
Extended SOON-USDshort+0.0608%1h0.1940−0.026%$6K$193K5x
Gate SOON_USDT+0.0702%4h0.1938−0.155%$3.2M$122K50xas long as short
Aster SOONUSDT+0.0902%4h0.1943+0.103%$189K$3K5xas long as short
Bitget SOONUSDT+0.0936%4h0.1940−0.052%$9.1M$270K25xas long as short
Variational Omni SOON+0.1784%4h0.1935−0.326%$238K$20Kas long as short
BingX SOON-USDT+0.2060%4h0.1938−0.155%$6.7Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.2130%4h0.1931−0.526%$2.5M$1.2M25xas long as short