Funding you earn now, next payment 00:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.99 per $10,000 · paid last 24h −0.057%
Price spread now: Gate against Bitget−0.412%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2362.364% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 7 days+0.457%+$46 · spread now −0.412%, 7d avg −0.173%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.238% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.173%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOONUSDT | 0.1944 | 0.0298 | pay 0.0149% / 4h | 2h 28m | $9.1M | $199K | 25x |
| Short | Gate SOON_USDT | 0.1936 | 0.0100 | get 0.0050% / 4h | 2h 28m | $3.1M | $90K | 50x |
Bitget SOONUSDT
Gate SOON_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$41.58
- Price spread: −0.412% → −0.173%
- −$23.84
- Slippage, 4 orders
- −$209.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$301.85
- Costs to cover
- 2.364%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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 Bitget live order book, 5 min ago | 5.15 bp | 25.7 bp −$26 | 311.0 bp −$3,110 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.16 bp | 94.9 bp −$95 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOONUSD | +0.0057% | 1h | 0.1934 | −0.515% | $11K | $1K | 10x | as long as short |
| BingX SOON-USDT | +0.0070% | 4h | 0.1940 | −0.206% | — | $6.6M | — | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1941 | −0.154% | $1.9M | $416K | 20x | as long as short |
| Gate SOON_USDTshort | +0.0100% | 4h | 0.1936 | −0.412% | $3.1M | $90K | 50x | |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1944 | −0.021% | $1.8M | $3.0M | 50x | as long as short |
| Extended SOON-USD | +0.0200% | 1h | 0.1943 | −0.032% | $7K | $207K | 5x | as long as short |
| Binance SOONUSDT | +0.0200% | 4h | 0.1945 | +0.042% | $8.0M | $1.9M | 50x | as long as short |
| Bitget SOONUSDTlong | +0.0298% | 4h | 0.1944 | long leg | $9.1M | $199K | 25x | |
| Aster SOONUSDT | +0.0599% | 4h | 0.1944 | −0.006% | $189K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3967% | 4h | 0.1928 | −0.802% | $221K | $4K | — | as long as short |
Kraken Futures PF_SOONUSD
BingX SOON-USDT
OKX SOON-USDT-SWAP
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.5368% | 4h | 0.1930 | −0.720% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT