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Funding arb · Price arb /

SOFI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Bybit against Extended+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Bybit is 0.029% dearer against Extended than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SOFI-USD16.9950.0040pay 0.0005% / 1h34m 59s$2K$3635x
ShortBybit SOFIUSDT17.0000get 0.0000% / 8h5h 34m$535K$828K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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
−$8.4
Price spread: +0.029% → 0.000%
$2.94
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$21.46
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Bybit: live order book, 25 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample—————
Sell Bybit live order book, 25 min ago2.94 bp14.1 bp −$14108.4 bp −$1,084doesn't fitdoesn't fit
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 SOFIUSDTshort0.0000%8h17.000+0.029%$535K$828K25x
Gate SOFI_USDT0.0000%8h17.013+0.106%$159K$13K20xas long as short
Bitget SOFIUSDT0.0000%8h16.994−0.006%$537K$154K20xas long as short
Injective SOFI/USDC PERP+0.0033%1h17.080+0.500%$16K$20K5.5xas long as short
Extended SOFI-USDlong+0.0040%1h16.995long leg$2K$3635x
Lighter RH SOFI+0.0192%1h17.017+0.129%$30K$16K10xas long as short
edgeX SOFIUSDC+0.0449%4h17.014+0.109%$12K$245K10xas long as short
Paragon para:SOFI+0.0721%1h16.980−0.088%$100K$44K10xas long as short
Binance SOFIUSDT+0.1129%8h17.010+0.088%$1.6M$702K25xas long as short