Funding you earn now, next payment 08:00 UTC+0.0376%/8h= +41.2% APRnext payment +$3.76 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget+0.006%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$800.804% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.006%, 7d avg +0.062%
=Funding pays, the price is against you. Bybit is 0.056% cheaper against Bitget than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.062%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$11 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.76 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 | 17.029 | 0 | get 0.0000% / 8h | 7h 15m | $530K | $150K | 20x |
| Short | Bybit SOFIUSDT | 17.030 | 0.0376 | get 0.0376% / 8h | 7h 15m | $532K | $845K | 25x |
Bitget SOFIUSDT
Bybit SOFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $78.95
- Price spread: +0.006% → +0.062%
- −$5.6
- Slippage, 4 orders
- −$57.37
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$7.03
- Costs to cover
- 0.804%
- Break-even
- 7.6 days
Slippage from Bitget: live order book, 50 min ago; Bybit: live order book, 55 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, 50 min ago | 8.52 bp | 15.4 bp −$15 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 55 min ago | 2.94 bp | 13.9 bp −$14 | 89.9 bp −$899 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SOFI_USDT | 0.0000% | 8h | 17.040 | +0.065% | $159K | $13K | 20x | as long as short |
| Bitget SOFIUSDTlong | 0.0000% | 8h | 17.029 | long leg | $530K | $150K | 20x | |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.299% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.995 | −0.200% | $2K | $363 | 5x | as long as short |
| Paragon para:SOFI | +0.0230% | 1h | 16.995 | −0.201% | $104K | $43K | 10x | as long as short |
| edgeX SOFIUSDC | +0.0371% | 4h | 17.061 | +0.190% | $12K | $245K | 10x | as long as short |
| Bybit SOFIUSDTshort | +0.0376% | 8h | 17.030 | +0.006% | $532K | $845K | 25x | |
| Lighter RH SOFI | +0.0520% | 1h | 17.049 | +0.117% | $30K | $16K | 10x | as long as short |
| Binance SOFIUSDT | +0.1153% | 8h | 17.060 | +0.182% | $1.6M | $695K | 25x | as long as short |
Gate SOFI_USDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Paragon para:SOFI
edgeX SOFIUSDC
Lighter RH SOFI
Binance SOFIUSDT