Funding you earn now, next payment 08:00 UTC−0.1867%/8h= −204.4% APRnext payment −$9.33 per $10,000 · paid last 24h −1.063%
Price spread now: Binance against Bybit+0.506%7-day average +0.360% · you sell dearer than you buy
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1351.348% of the position
Funding, last 7 days−1.457%−$146 on $10k
+Price spread, last 7 days−0.208%−$21 · spread now +0.506%, 7d avg +0.360%
=The price spread pays, funding is against you. Binance is 0.146% dearer against Bybit than usual: you sell high and buy low (spread +0.506% now, against its 7-day average of +0.360%): +$15 on $10k if it goes back. Holding the pair costs −$56 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−1.457% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOONUSDT | 0.1949 | 0.2141 | pay 0.1071% / 4h | 20m 00s | $2.5M | $1.3M | 25x |
| Short | Binance SOONUSDT | 0.1959 | 0.0275 | get 0.0137% / 4h | 20m 00s | $8.0M | $2.0M | 50x |
Bybit SOONUSDT
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$391.97
- Price spread: +0.506% → +0.360%
- $14.64
- Slippage, 4 orders
- −$113.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$512.1
- Costs to cover
- 1.348%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: 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 Bybit live order book, 2 min ago | 7.69 bp | 38.5 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.55 bp | 32.2 bp −$32 | 128.8 bp −$1,288 | 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 | 0.1959 | +0.518% | $1.8M | $3.6M | 50x | as long as short |
| Extended SOON-USD | +0.0272% | 1h | 0.1958 | +0.478% | $7K | $184K | 5x | as long as short |
| Binance SOONUSDTshort | +0.0275% | 4h | 0.1959 | +0.506% | $8.0M | $2.0M | 50x | |
| OKX SOON-USDT-SWAP | +0.0334% | 4h | 0.1960 | +0.580% | $2.0M | $517K | 20x | as long as short |
| Aster SOONUSDT | +0.0646% | 4h | 0.1959 | +0.505% | $190K | $3K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0774% | 1h | 0.1953 | +0.228% | $11K | $3K | 10x | as long as short |
| Gate SOON_USDT | +0.0774% | 4h | 0.1954 | +0.272% | $3.2M | $149K | 50x | as long as short |
| Bitget SOONUSDT | +0.0934% | 4h | 0.1958 | +0.477% | $9.2M | $317K | 25x | as long as short |
| Variational Omni SOON | +0.1586% | 4h | 0.1950 | +0.075% | $241K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2052% | 4h | 0.1955 | +0.323% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
OKX SOON-USDT-SWAP
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 SOONUSDTlong | +0.2141% | 4h | 0.1949 | long leg | $2.5M | $1.3M | 25x |