Settings8H · net · $10k
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Funding arb · Price arb / RWA

SOFTBANK

RWAAll SOFTBANK markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BitgetSOFTBANKUSDT
22.865+0.2429pay 0.2429% / 8h16m 15s$449K$1.5M20xLong Bitget
SHORT
tradeXYZxyz:SOFTBANK
23.030+0.3051get 0.0381% / 1h16m 15s$1.4M$1.2M10xShort tradeXYZ
Price gap+0.719%
Funding gap+0.0622% /8h

Both sides work: funding pays +$19 a day on $10k, and the gap is 0.927% above its 7d average: +$93 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$16+0.0622% /8h now · paid −0.156% over the last 7D
Price+$93spread +0.719% now, avg −0.207% → +0.927% if it goes back
Costs−$1901.904% of $10k · taker + slippage, in and out
Result−$113−1.13%+ Points / potential airdroptradeXYZ: points · farm board

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.156% in total, about −0.0074%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.719%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOFTBANK on 8 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size24.6 / 13.0 bp
    At $10k entering Bitget costs 24.6 bp, fee and slippage, 1.9× tradeXYZ’s.
  • Note: Margin at max leverage$500 + $1,000
    Bitget 20x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$18.65Long Bitget: 3 payments, −$72.87; short tradeXYZ: 24 payments, +$91.52.
  • OK: Entry gap works for you+0.719% vs −0.207%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$449K vs $1.4M OI
    Bitget sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCBitget Yes · tradeXYZ No
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0074%/8h × 21 periods−$15.61
Price spread+0.719% → −0.207% (7d avg)+$92.68
Slippage, 4 orderslive order books−$176.63
Fee Bitget bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$113.37
Costs to cover1.904%Break-evennever at this rate
Slippage: Bitget: live order book, 4 min ago; tradeXYZ: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget2.6224.6 bp−$2545.0 bp−$450doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ8.0313.0 bp−$13218.9 bp−$2,189doesn’t fitdoesn’t fit

Closing costs about the same again.

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