Funding you earn now, next payment 02:00 UTC+0.2655%/8h= +290.7% APRpaid last 24h +1.037%
Price spread now: Bybit against Extended−0.633%7-day average −0.415% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$1921.923% of the position
Funding, last 7 days+1.419%+$142 on $10k
+Price spread, last 4 days (all we have)+0.366%+$37 · spread now −0.633%, 7d avg −0.415%
=Together, before fees+1.785%+ Points / potential airdropExtended: Active · farm board+$178 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.218% cheaper against Extended than usual: you would sell low and buy high (spread −0.633% now, against its 7-day average of −0.415%). If the spread goes back, that is −$22 on $10k: about 7 hours of funding at the current rate (+$80 a day). At the pace of the last 7 days (+1.419% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.419% in total (about 74.0% a year). A funding rate is set anew for every payment. 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 | Extended SOON-USD | 0.1967 | 0.0528 | pay 0.0066% / 1h | 3m 11s | $6K | $194K | 5x |
| Short | Bybit SOONUSDT | 0.1955 | 0.3183 | get 0.1591% / 4h | 2h 03m | $2.6M | $1.2M | 25x |
Extended SOON-USD
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- $557.51
- Price spread: −0.633% → −0.415%
- −$21.79
- Slippage, 4 orders
- −$176.26
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $343.46
- Costs to cover
- 1.923%
- Break-even
- 2.7 days
Slippage from Extended: live order book, 63 min ago; Bybit: 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 Extended live order book, 63 min ago | 2.29 bp | 114.8 bp −$115 | 534.6 bp −$5,346 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.56 bp | 28.9 bp −$29 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1968 | +0.013% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USDlong | +0.0528% | 1h | 0.1967 | long leg | $6K | $194K | 5x | |
| Binance SOONUSDT | +0.0528% | 4h | 0.1967 | −0.023% | $8.0M | $2.0M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0572% | 4h | 0.1968 | +0.028% | $2.0M | $459K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0704% | 1h | 0.1958 | −0.492% | $11K | $2K | 10x | as long as short |
| Aster SOONUSDT | +0.1031% | 4h | 0.1966 | −0.057% | $191K | $3K | 5x | as long as short |
| Gate SOON_USDT | +0.1042% | 4h | 0.1962 | −0.277% | $3.2M | $118K | 50x | as long as short |
| Bitget SOONUSDT | +0.1052% | 4h | 0.1965 | −0.124% | $9.2M | $256K | 25x | as long as short |
| Variational Omni SOON | +0.2614% | 4h | 0.1951 | −0.853% | $240K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2954% | 4h | 0.1963 | −0.226% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Binance SOONUSDT
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
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 SOONUSDTshort | +0.3183% | 4h | 0.1955 | −0.633% | $2.6M | $1.2M | 25x |