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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−0.0674%/8h= −73.8% APRnext payment −$6.74 per $10,000 · paid last 24h −0.217%
Price spread now: Gate against Binance+0.035%7-day average −0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1161.156% of the position
Long on BinanceShort on Gate
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)−0.224%−$22 · spread now +0.035%, 7d avg −0.127%
Together, before fees−0.627%−$63 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.162% dearer against Binance than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.127%): +$16 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.403% in total) that is about 2.8 days.
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 −$6.74 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 SOFIUSDT17.0000.0674pay 0.0674% / 8h7h 59m$1.7M$760K25x
ShortGate SOFI_USDT17.0060get 0.0000% / 8h7h 59m$168K$16K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$141.45
Price spread: +0.035% → −0.127%
$16.21
Slippage, 4 orders
−$90.64
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$240.88
Costs to cover
1.156%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; Gate: live order book, 31 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, 3 min ago2.94 bp16.4 bp −$1675.2 bp −$752doesn't fitdoesn't fit
Sell Gate live order book, 31 min ago21.79 bp30.4 bp −$30doesn't fitdoesn'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%8h16.990−0.059%$539K$842K25xas long as short
Gate SOFI_USDTshort0.0000%8h17.006+0.035%$168K$16K20x
Bitget SOFIUSDT0.0000%8h16.978−0.129%$602K$182K20xas long as short
Injective SOFI/USDC PERP+0.0033%1h17.080+0.471%$16K$20K5.5xas long as short
Extended SOFI-USD+0.0040%1h16.995−0.029%$2K$3635xas long as short
Paragon para:SOFI+0.0098%1h16.945−0.324%$100K$44K10xas long as short
Lighter RH SOFI+0.0320%1h17.005+0.029%$39K$25K10xas long as short
edgeX SOFIUSDC+0.0662%4h17.000+0.002%$12K$245K10xas long as short
Binance SOFIUSDTlong+0.0674%8h17.000long leg$1.7M$760K25x