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

SOON

all SOON markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0469%/8h= −51.3% APRnext payment $2.34 per $10,000 · paid last 24h +0.343%
Price spread now: Variational Omni against BingX−0.172%7-day average −0.282% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.140%+$14 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.172%, 7d avg −0.282%
Together, before fees+0.207%+ Points / potential airdropVariational Omni: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.110% dearer against BingX than usual: you sell high and buy low (spread −0.172% now, against its 7-day average of −0.282%): +$11 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 4 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.140% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SOON-USDT0.19650.2106pay 0.1053% / 4h39m 10s$6.7M
ShortVariational Omni SOON0.19620.1637get 0.0819% / 4h39m 10s$242K$20K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$98.45
Price spread: −0.172% → −0.282%
$11.01
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$97.44
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: BingX: live order book, 13 min ago; Variational Omni: RFQ quote, 65 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 13 min ago2.54 bp13.2 bp −$1369.2 bp −$692751.3 bp −$75.1Kdoesn't fit
Sell Variational Omni RFQ quote, 65 min ago7.69 bpdoesn't fit402.3 bp −$4,023doesn't fitdoesn't fit

SOON on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SOONUSDTM+0.0100%4h0.1968+0.178%$1.8M$3.5M50xas long as short
Extended SOON-USD+0.0400%1h0.1970+0.279%$7K$188K5xas long as short
Binance SOONUSDT+0.0401%4h0.1968+0.153%$8.1M$2.0M50xas long as short
OKX SOON-USDT-SWAP+0.0456%4h0.1969+0.204%$2.0M$523K20xas long as short
Kraken Futures PF_SOONUSD+0.0771%1h0.1960−0.265%$11K$3K10xas long as short
Aster SOONUSDT+0.0842%4h0.1967+0.109%$191K$3K5xas long as short
Gate SOON_USDT+0.0928%4h0.1964−0.051%$3.2M$146K50xas long as short
Bitget SOONUSDT+0.1080%4h0.1968+0.153%$9.2M$316K25xas long as short
Variational Omni SOONshort+0.1637%4h0.1962−0.172%$242K$20K
BingX SOON-USDTlong+0.2106%4h0.1965long leg$6.7M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.2254%4h0.1957−0.407%$2.6M$1.3M25xas long as short