SOON

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1030%/8h= −112.8% APRnext payment −$5.15 per $10,000 · paid last 24h −0.191%

Price spread now: KuCoin against Bitget−0.005%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$773as in the Funding arb table

Net, price: spread back to 7d avg − costs−$724as in the Price arb table

costs, in and out, $10k−$7267.262% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.465%−$47 on $10k

Price spread, last 7 days+0.077%+$8 · spread now −0.005%, 7d avg −0.026%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.021% dearer against Bitget than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.026%): +$2 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.465% in total) that is about 8 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.465% in total (about -24.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.15 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	Bitget SOONUSDT	0.1962	0.1130	pay 0.0565% / 4h	1h 49m	$9.2M	$299K	25x
Short	KuCoin SOONUSDTM	0.1962	0.0100	get 0.0050% / 4h	1h 49m	$1.8M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$216.3
Price spread: −0.005% → −0.026%: $2.08
Slippage, 4 orders: −$702.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$940.4
Costs to cover: 7.262%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 7 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, 4 min ago	7.65 bp	39.6 bp −$40	220.0 bp −$2,200	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	5.07 bp	410.5 bp −$410	728.1 bp −$7,281	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 SOONUSDTMshort	+0.0100%	4h	0.1962	−0.005%	$1.8M	$3.5M	50x
Kraken Futures PF_SOONUSD	+0.0257%	1h	0.1958	−0.227%	$11K	$3K	10x	as long as short
Binance SOONUSDT	+0.0469%	4h	0.1962	−0.018%	$8.0M	$2.0M	50x	as long as short
Extended SOON-USD	+0.0472%	1h	0.1962	−0.023%	$9K	$295K	5x	as long as short
OKX SOON-USDT-SWAP	+0.0673%	4h	0.1963	+0.051%	$2.0M	$512K	20x	as long as short
Gate SOON_USDT	+0.0862%	4h	0.1958	−0.204%	$3.2M	$142K	50x	as long as short
Aster SOONUSDT	+0.1035%	4h	0.1962	−0.010%	$191K	$3K	5x	as long as short
Bitget SOONUSDTlong	+0.1130%	4h	0.1962	long leg	$9.2M	$299K	25x
Variational Omni SOON	+0.1157%	4h	0.1949	−0.679%	$241K	$21K	—	as long as short
Bybit SOONUSDT	+0.1779%	4h	0.1951	−0.535%	$2.5M	$1.2M	25x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOON-USDT	+0.1860%	4h	0.1958	−0.204%	—	$6.7M	—	as long as short