Funding you earn now, next payment 00:00 UTC+0.4499%/8h= +492.6% APRnext payment +$22.49 per $10,000 · paid last 24h +0.787%
Price spread now: Bybit against Aster−0.514%7-day average −0.314% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1661.664% of the position
Funding, last 5 days (all we have)+1.025%+$102 on $10k
+Price spread, last 4 days (all we have)+0.409%+$41 · spread now −0.514%, 7d avg −0.314%
=Together, before fees+1.434%+ Points / potential airdropAster: Stage 5 · farm board+$143 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.200% cheaper against Aster than usual: you would sell low and buy high (spread −0.514% now, against its 7-day average of −0.314%). If the spread goes back, that is −$20 on $10k: about 4 hours of funding at the current rate (+$135 a day). At the pace of the last 5 days (+1.025% in total) that is about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 1.025% in total (about 71.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$22.49 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 | Aster SOONUSDT | 0.1944 | 0.0653 | pay 0.0327% / 4h | 2h 24m | $189K | $2K | 5x |
| Short | Bybit SOONUSDT | 0.1934 | 0.5152 | get 0.2576% / 4h | 2h 24m | $2.5M | $1.1M | 25x |
Aster SOONUSDT
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aster. 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
- $944.7
- Price spread: −0.514% → −0.314%
- −$19.99
- Slippage, 4 orders
- −$147.36
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $758.34
- Costs to cover
- 1.664%
- Break-even
- 1.4 days
Slippage from Aster: live order book, 62 min ago; Bybit: live order book, 3 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 Aster live order book, 62 min ago | 2.57 bp | 31.1 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.18 bp | 39.1 bp −$39 | 334.9 bp −$3,349 | doesn't fit | doesn't fit |
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOONUSD | +0.0056% | 1h | 0.1946 | +0.116% | $11K | $1K | 10x | as long as short |
| BingX SOON-USDT | +0.0070% | 4h | 0.1945 | +0.051% | — | $6.7M | — | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1950 | +0.309% | $1.9M | $418K | 20x | as long as short |
| Gate SOON_USDT | +0.0100% | 4h | 0.1941 | −0.154% | $3.1M | $90K | 50x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1949 | +0.237% | $1.8M | $3.0M | 50x | as long as short |
| Extended SOON-USD | +0.0240% | 1h | 0.1950 | +0.306% | $7K | $207K | 5x | as long as short |
| Binance SOONUSDT | +0.0243% | 4h | 0.1950 | +0.300% | $8.0M | $1.9M | 50x | as long as short |
| Bitget SOONUSDT | +0.0310% | 4h | 0.1945 | +0.051% | $9.1M | $199K | 25x | as long as short |
| Aster SOONUSDTlong | +0.0653% | 4h | 0.1944 | long leg | $189K | $2K | 5x | |
| Variational Omni SOON | +0.4010% | 4h | 0.1933 | −0.569% | $222K | $4K | — | as long as short |
Kraken Futures PF_SOONUSD
BingX SOON-USDT
OKX SOON-USDT-SWAP
Gate SOON_USDT
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTshort | +0.5152% | 4h | 0.1934 | −0.514% | $2.5M | $1.1M | 25x |