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

SOFTBANK

RWAAll SOFTBANK markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
tradeXYZxyz:SOFTBANK
23.056+0.3045pay 0.0381% / 1h7m 33s$1.4M$1.2M10xLong tradeXYZ
SHORT
BitgetSOFTBANKUSDT
22.875+0.2498get 0.2498% / 8h7m 33s$455K$1.5M20xShort Bitget
Price gap−0.781%
Funding gap−0.0547% /8h

Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.989% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$16−0.0547% /8h now · paid +0.156% over the last 7D
Price−$99spread −0.781% now, avg +0.208% → −0.989% if it goes back
Costs−$2182.182% of $10k · taker + slippage, in and out
Result−$301−3.01%+ Points / potential airdroptradeXYZ: points · farm board

The current funding rate is far below 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−0.781%
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

1 ok · 5 to watch
  • Watch: Thin at this size73.1 / 91.4 bp
    At $10k entering Bitget costs 91.4 bp, fee and slippage, 1.3× tradeXYZ’s.
  • Note: Margin at max leverage$1,000 + $500
    tradeXYZ 10x, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$16.41Long tradeXYZ: 24 payments, −$91.35; short Bitget: 3 payments, +$74.94.
  • Watch: Gap narrower than usual−0.781% vs +0.208%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$455K 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: KYCtradeXYZ No · Bitget Yes
    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−0.781% → +0.208% (7d avg)−$98.85
Slippage, 4 orderslive order books−$204.42
Fee tradeXYZ bp × 2 orders−$1.80
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$301.46
Costs to cover2.182%Break-even142.2 days
Slippage: tradeXYZ: live order book, 1 min ago; Bitget: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGtradeXYZ5.4273.1 bp−$73174.4 bp−$1,744doesn’t fitdoesn’t fit
SELL · SHORTBitget3.9391.4 bp−$91170.3 bp−$1,703doesn’t fitdoesn’t fit

Closing costs about the same again.

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