Funding you earn now, next payment 00:00 UTC−0.0474%/8h= −51.9% APRnext payment −$2.37 per $10,000 · paid last 24h −0.056%
Price spread now: OKX against Bitget−0.103%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 7 days+0.075%+$8 · spread now −0.103%, 7d avg −0.061%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.042% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOONUSDT | 0.1943 | 0.0574 | pay 0.0287% / 4h | 1h 16m | $9.1M | $217K | 25x |
| Short | OKX SOON-USDT-SWAP | 0.1941 | 0.0100 | get 0.0050% / 4h | 1h 16m | $1.9M | $421K | 20x |
Bitget SOONUSDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$99.54
- Price spread: −0.103% → −0.061%
- −$4.17
- Slippage, 4 orders
- −$104.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$230.39
- Costs to cover
- 1.267%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago | 5.14 bp | 20.8 bp −$21 | 287.3 bp −$2,873 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.58 bp | 43.6 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.0070% | 4h | 0.1939 | −0.206% | — | $6.7M | — | as long as short |
| Binance SOONUSDT | +0.0100% | 4h | 0.1942 | −0.036% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0100% | 4h | 0.1941 | −0.103% | $1.9M | $421K | 20x | |
| Gate SOON_USDT | +0.0100% | 4h | 0.1936 | −0.360% | $3.1M | $92K | 50x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1941 | −0.108% | $1.8M | $3.0M | 50x | as long as short |
| Extended SOON-USD | +0.0104% | 1h | 0.1942 | −0.055% | $7K | $207K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0338% | 1h | 0.1935 | −0.398% | $11K | $1K | 10x | as long as short |
| Bitget SOONUSDTlong | +0.0574% | 4h | 0.1943 | long leg | $9.1M | $217K | 25x | |
| Aster SOONUSDT | +0.0620% | 4h | 0.1941 | −0.093% | $189K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3155% | 4h | 0.1931 | −0.630% | $221K | $4K | — | as long as short |
BingX SOON-USDT
Binance SOONUSDT
Gate SOON_USDT
KuCoin SOONUSDTM
Extended SOON-USD
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.3284% | 4h | 0.1925 | −0.901% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT