Funding you earn now, next payment 04:00 UTC+0.0485%/8h= +53.1% APRnext payment +$2.42 per $10,000 · paid last 24h −0.014%
Price spread now: Gate against OKX−0.204%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2442.443% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 7 days+0.204%+$20 · spread now −0.204%, 7d avg −0.120%
=Funding pays, the price is against you. Gate is 0.084% cheaper against OKX than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of −0.120%). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.051% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.42 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 | 0.1965 | 0.0551 | pay 0.0276% / 4h | 2h 08m | $2.0M | $460K | 20x |
| Short | Gate SOON_USDT | 0.1961 | 0.1036 | get 0.0518% / 4h | 2h 08m | $3.2M | $118K | 50x |
OKX SOON-USDT-SWAP
Gate SOON_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $101.75
- Price spread: −0.204% → −0.120%
- −$8.38
- Slippage, 4 orders
- −$219.32
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$150.96
- Costs to cover
- 2.443%
- Break-even
- 17.4 days
Slippage from OKX: live order book, 4 min ago; Gate: live order book, 5 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 | 5.08 bp | 35.6 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.09 bp | 94.3 bp −$94 | doesn't fit | 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 | 0.1966 | +0.066% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0512% | 1h | 0.1964 | −0.041% | $6K | $194K | 5x | as long as short |
| Binance SOONUSDT | +0.0514% | 4h | 0.1965 | −0.009% | $8.0M | $2.0M | 50x | as long as short |
| OKX SOON-USDT-SWAPlong | +0.0551% | 4h | 0.1965 | long leg | $2.0M | $460K | 20x | |
| Kraken Futures PF_SOONUSD | +0.0703% | 1h | 0.1961 | −0.219% | $11K | $2K | 10x | as long as short |
| Gate SOON_USDTshort | +0.1036% | 4h | 0.1961 | −0.204% | $3.2M | $118K | 50x | |
| Aster SOONUSDT | +0.1042% | 4h | 0.1965 | +0.022% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1048% | 4h | 0.1965 | 0.000% | $9.2M | $255K | 25x | as long as short |
| Variational Omni SOON | +0.2634% | 4h | 0.1957 | −0.425% | $241K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2926% | 4h | 0.1961 | −0.204% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.3070% | 4h | 0.1953 | −0.611% | $2.6M | $1.2M | 25x | as long as short |
Bybit SOONUSDT