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Funding arb · Price arb /

SOFI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.1010%/8h= −110.6% APRnext payment −$10.10 per $10,000 · paid last 24h −0.217%
Price spread now: Bitget against Binance−0.147%7-day average −0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$920.916% of the position
Long on BinanceShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.403%−$40 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.147%, 7d avg −0.137%
Together, before fees−0.383%−$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.137%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.403% in total (about -21.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SOFIUSDT17.0350.1010pay 0.1010% / 8h4h 49m$1.6M$708K25x
ShortBitget SOFIUSDT17.0100get 0.0000% / 8h4h 49m$537K$154K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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
−$212.02
Price spread: −0.147% → −0.137%
−$0.99
Slippage, 4 orders
−$69.56
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$304.57
Costs to cover
0.916%
Break-even
never at this rate
Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 2 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 Binance live order book, 14 min ago2.94 bp22.1 bp −$2280.6 bp −$806doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago9.69 bp36.9 bp −$3759.1 bp −$591doesn't fitdoesn't fit

SOFI on 9 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
Bybit SOFIUSDT0.0000%8h17.030−0.030%$538K$830K25xas long as short
Gate SOFI_USDT0.0000%8h17.032−0.018%$159K$13K20xas long as short
Bitget SOFIUSDTshort0.0000%8h17.010−0.147%$537K$154K20x
Lighter RH SOFI+0.0032%1h17.023−0.071%$31K$17K10xas long as short
Injective SOFI/USDC PERP+0.0033%1h17.080+0.264%$16K$20K5.5xas long as short
Extended SOFI-USD+0.0040%1h16.995−0.235%$2K$3635xas long as short
Paragon para:SOFI+0.0060%1h17.002−0.193%$100K$44K10xas long as short
edgeX SOFIUSDC+0.0287%4h17.032−0.019%$12K$244K10xas long as short
Binance SOFIUSDTlong+0.1010%8h17.035long leg$1.6M$708K25x