Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.38 per $10,000 · paid last 24h −0.040%
Price spread now: OKX against Binance+0.051%7-day average −0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1451.447% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 7 days−0.219%−$22 · spread now +0.051%, 7d avg −0.078%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.129% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.078%. Mind the row above: over the last 7 days funding on this pair cost −0.230%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOONUSDT | 0.1962 | 0.0254 | pay 0.0127% / 4h | 12m 33s | $8.0M | $2.0M | 50x |
| Short | OKX SOON-USDT-SWAP | 0.1963 | 0.0330 | get 0.0165% / 4h | 12m 33s | $2.0M | $518K | 20x |
Binance SOONUSDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- $16.09
- Price spread: +0.051% → −0.078%
- $12.92
- Slippage, 4 orders
- −$124.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$115.7
- Costs to cover
- 1.447%
- Break-even
- 57.3 days
Slippage from Binance: live order book, 11 min ago; OKX: live order book, 4 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 Binance live order book, 11 min ago | 2.55 bp | 34.7 bp −$35 | 221.1 bp −$2,211 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.55 bp | 44.5 bp −$45 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1963 | +0.066% | $1.8M | $3.6M | 50x | as long as short |
| Binance SOONUSDTlong | +0.0254% | 4h | 0.1962 | long leg | $8.0M | $2.0M | 50x | |
| Extended SOON-USD | +0.0256% | 1h | 0.1961 | −0.027% | $6K | $185K | 5x | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0330% | 4h | 0.1963 | +0.051% | $2.0M | $518K | 20x | |
| Aster SOONUSDT | +0.0643% | 4h | 0.1962 | −0.001% | $191K | $3K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0772% | 1h | 0.1958 | −0.215% | $11K | $3K | 10x | as long as short |
| Gate SOON_USDT | +0.0796% | 4h | 0.1959 | −0.153% | $3.2M | $150K | 50x | as long as short |
| Bitget SOONUSDT | +0.0912% | 4h | 0.1959 | −0.153% | $9.2M | $317K | 25x | as long as short |
| Variational Omni SOON | +0.1609% | 4h | 0.1951 | −0.576% | $241K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2022% | 4h | 0.1959 | −0.153% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
Aster SOONUSDT
Kraken Futures PF_SOONUSD
Gate SOON_USDT
Bitget SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.2246% | 4h | 0.1953 | −0.474% | $2.6M | $1.3M | 25x | as long as short |
Bybit SOONUSDT