Funding you earn now, next payment 08:00 UTC+0.0816%/8h= +89.3% APRnext payment +$8.16 per $10,000 · paid last 24h +0.217%
Price spread now: Binance against Gate−0.041%7-day average +0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1171.172% of the position
Funding, last 7 days+0.403%+$40 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.041%, 7d avg +0.131%
=Funding pays, the price is against you. Binance is 0.172% cheaper against Gate than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.131%). If the spread goes back, that is −$17 on $10k: about 17 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.403% in total) that is about 3.0 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 +$8.16 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 | Gate SOFI_USDT | 17.027 | 0 | get 0.0000% / 8h | 3h 58m | $159K | $13K | 20x |
| Short | Binance SOFIUSDT | 17.020 | 0.0816 | get 0.0816% / 8h | 3h 58m | $1.6M | $714K | 25x |
Gate SOFI_USDT
Binance SOFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $171.34
- Price spread: −0.041% → +0.131%
- −$17.23
- Slippage, 4 orders
- −$92.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $36.91
- Costs to cover
- 1.172%
- Break-even
- 5.5 days
Slippage from Gate: live order book, 52 min ago; Binance: live order book, 5 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 Gate live order book, 52 min ago | 27.94 bp | 37.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.94 bp | 13.5 bp −$14 | 51.0 bp −$510 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOFIUSDT | 0.0000% | 8h | 17.040 | +0.076% | $547K | $836K | 25x | as long as short |
| Gate SOFI_USDTlong | 0.0000% | 8h | 17.027 | long leg | $159K | $13K | 20x | |
| Bitget SOFIUSDT | 0.0000% | 8h | 17.002 | −0.147% | $539K | $155K | 20x | as long as short |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.311% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.995 | −0.188% | $2K | $363 | 5x | as long as short |
| Paragon para:SOFI | +0.0060% | 1h | 16.990 | −0.217% | $100K | $44K | 10x | as long as short |
| Lighter RH SOFI | +0.0104% | 1h | 17.023 | −0.023% | $31K | $16K | 10x | as long as short |
| edgeX SOFIUSDC | +0.0576% | 4h | 17.011 | −0.094% | $12K | $245K | 10x | as long as short |
| Binance SOFIUSDTshort | +0.0816% | 8h | 17.020 | −0.041% | $1.6M | $714K | 25x |
Bybit SOFIUSDT
Bitget SOFIUSDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Paragon para:SOFI
Lighter RH SOFI
edgeX SOFIUSDC