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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−0.0005%/8h= −0.6% APRnext payment −$0.05 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.053%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1041.037% of the position
Long on BybitShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.053%, 7d avg −0.056%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.109% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SOFIUSDT17.0200.0005pay 0.0005% / 8h3h 56m$545K$838K25x
ShortGate SOFI_USDT17.0290get 0.0000% / 8h3h 56m$159K$13K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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
−$1.08
Price spread: +0.053% → −0.056%
$10.87
Slippage, 4 orders
−$77.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$93.95
Costs to cover
1.037%
Break-even
never at this rate
Slippage from Bybit: live order book, 59 min ago; Gate: live order book, 55 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 Bybit live order book, 59 min ago2.94 bp8.4 bp −$8133.8 bp −$1,338doesn't fitdoesn't fit
Sell Gate live order book, 55 min ago27.94 bp43.8 bp −$44doesn'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
Gate SOFI_USDTshort0.0000%8h17.029+0.053%$159K$13K20x
Bitget SOFIUSDT0.0000%8h17.002−0.106%$539K$155K20xas long as short
Bybit SOFIUSDTlong+0.0005%8h17.020long leg$545K$838K25x
Injective SOFI/USDC PERP+0.0033%1h17.080+0.353%$16K$20K5.5xas long as short
Extended SOFI-USD+0.0040%1h16.995−0.147%$2K$3635xas long as short
Lighter RH SOFI+0.0048%1h17.018−0.012%$31K$16K10xas long as short
Paragon para:SOFI+0.0060%1h16.990−0.176%$100K$44K10xas long as short
edgeX SOFIUSDC+0.0169%4h17.029+0.052%$12K$243K10xas long as short
Binance SOFIUSDT+0.0811%8h17.010−0.059%$1.6M$715K25xas long as short