Funding you earn now, next payment 08:00 UTC+0.1191%/8h= +130.4% APRnext payment +$11.91 per $10,000 · paid last 24h +0.217%
Price spread now: Binance against Bitget+0.006%7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$870.867% of the position
Funding, last 7 days+0.403%+$40 on $10k
+Price spread, last 2 days (all we have)+0.084%+$8 · spread now +0.006%, 7d avg +0.158%
=Funding pays, the price is against you. Binance is 0.152% cheaper against Bitget than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.158%). If the spread goes back, that is −$15 on $10k: about 10 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.403% in total) that is about 2.6 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 +$11.91 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 | Bitget SOFIUSDT | 16.999 | 0 | get 0.0000% / 8h | 6h 27m | $537K | $154K | 20x |
| Short | Binance SOFIUSDT | 17.000 | 0.1191 | get 0.1191% / 8h | 6h 27m | $1.6M | $703K | 25x |
Bitget SOFIUSDT
Binance SOFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $250.07
- Price spread: +0.006% → +0.158%
- −$15.25
- Slippage, 4 orders
- −$64.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $148.1
- Costs to cover
- 0.867%
- Break-even
- 2.9 days
Slippage from Bitget: live order book, 33 min ago; Binance: live order book, 6 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 Bitget live order book, 33 min ago | 9.10 bp | 15.4 bp −$15 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.94 bp | 13.8 bp −$14 | 53.4 bp −$534 | doesn't fit | doesn't fit |
SOFI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SOFIUSDC | −0.0412% | 4h | 17.002 | +0.019% | $12K | $243K | 10x | as long as short |
| Gate SOFI_USDT | 0.0000% | 8h | 17.013 | +0.082% | $159K | $13K | 20x | as long as short |
| Bitget SOFIUSDTlong | 0.0000% | 8h | 16.999 | long leg | $537K | $154K | 20x | |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.476% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.995 | −0.024% | $2K | $363 | 5x | as long as short |
| Bybit SOFIUSDT | +0.0247% | 8h | 16.990 | −0.053% | $535K | $828K | 25x | as long as short |
| Lighter RH SOFI | +0.0336% | 1h | 17.013 | +0.082% | $30K | $16K | 10x | as long as short |
| Paragon para:SOFI | +0.0517% | 1h | 16.960 | −0.229% | $100K | $45K | 10x | as long as short |
| Binance SOFIUSDTshort | +0.1191% | 8h | 17.000 | +0.006% | $1.6M | $703K | 25x |
edgeX SOFIUSDC
Gate SOFI_USDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Bybit SOFIUSDT
Lighter RH SOFI
Paragon para:SOFI