Funding you earn now, next payment 04:00 UTC−0.0936%/8h= −102.5% APRnext payment −$4.68 per $10,000 · paid last 24h +0.054%
Price spread now: Binance against Gate+0.051%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2302.300% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 7 days+0.150%+$15 · spread now +0.051%, 7d avg +0.204%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Binance is 0.153% cheaper against Gate than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.204%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.178%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.68 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 | Gate SOON_USDT | 0.1961 | 0.1244 | pay 0.0622% / 4h | 3h 06m | $3.2M | $111K | 50x |
| Short | Binance SOONUSDT | 0.1962 | 0.0308 | get 0.0154% / 4h | 3h 06m | $8.0M | $1.9M | 50x |
Gate SOON_USDT
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$196.61
- Price spread: +0.051% → +0.204%
- −$15.31
- Slippage, 4 orders
- −$205.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$441.93
- Costs to cover
- 2.300%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 3 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 Gate live order book, 2 min ago | 5.10 bp | 69.6 bp −$70 | 12167.2 bp −$121.7K | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 5.09 bp | 34.1 bp −$34 | 149.0 bp −$1,490 | 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 | 0.1963 | +0.087% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0304% | 1h | 0.1963 | +0.127% | $7K | $198K | 5x | as long as short |
| Binance SOONUSDTshort | +0.0308% | 4h | 0.1962 | +0.051% | $8.0M | $1.9M | 50x | |
| OKX SOON-USDT-SWAP | +0.0429% | 4h | 0.1962 | +0.051% | $2.0M | $450K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0530% | 1h | 0.1960 | −0.061% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0997% | 4h | 0.1960 | −0.051% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1148% | 4h | 0.1961 | 0.000% | $9.2M | $237K | 25x | as long as short |
| Gate SOON_USDTlong | +0.1244% | 4h | 0.1961 | long leg | $3.2M | $111K | 50x | |
| Bybit SOONUSDT | +0.2343% | 4h | 0.1947 | −0.714% | $2.5M | $1.1M | 25x | as long as short |
| BingX SOON-USDT | +0.2510% | 4h | 0.1957 | −0.204% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
Bybit SOONUSDT
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.2951% | 4h | 0.1950 | −0.577% | $240K | $20K | — | as long as short |
Variational Omni SOON