Funding you earn now, next payment 04:00 UTC+0.1416%/8h= +155.0% APRnext payment +$7.08 per $10,000 · paid last 24h +1.068%
Price spread now: Bybit against Gate−0.462%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2292.292% of the position
Funding, last 7 days+1.585%+$159 on $10k
+Price spread, last 7 days+0.342%+$34 · spread now −0.462%, 7d avg −0.149%
=Funding pays, the price is against you. Bybit is 0.313% cheaper against Gate than usual: you would sell low and buy high (spread −0.462% now, against its 7-day average of −0.149%). If the spread goes back, that is −$31 on $10k: about 18 hours of funding at the current rate (+$42 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOON_USDT | 0.1948 | 0.0788 | pay 0.0394% / 4h | 1h 35m | $3.2M | $118K | 50x |
| Short | Bybit SOONUSDT | 0.1939 | 0.2204 | get 0.1102% / 4h | 1h 35m | $2.5M | $1.2M | 25x |
Gate SOON_USDT
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $297.35
- Price spread: −0.462% → −0.149%
- −$31.27
- Slippage, 4 orders
- −$203.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $36.84
- Costs to cover
- 2.292%
- Break-even
- 6.1 days
Slippage from Gate: live order book, 2 min ago; Bybit: 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 Gate live order book, 2 min ago | 5.13 bp | 74.0 bp −$74 | 11773.0 bp −$117.7K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.58 bp | 35.7 bp −$36 | 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 | 0.1953 | +0.272% | $1.8M | $3.2M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0520% | 4h | 0.1952 | +0.205% | $1.9M | $459K | 20x | as long as short |
| Extended SOON-USD | +0.0568% | 1h | 0.1952 | +0.229% | $6K | $195K | 5x | as long as short |
| Binance SOONUSDT | +0.0570% | 4h | 0.1952 | +0.205% | $8.0M | $1.9M | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0766% | 1h | 0.1950 | +0.100% | $11K | $2K | 10x | as long as short |
| Gate SOON_USDTlong | +0.0788% | 4h | 0.1948 | long leg | $3.2M | $118K | 50x | |
| Aster SOONUSDT | +0.0955% | 4h | 0.1951 | +0.173% | $190K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.0998% | 4h | 0.1953 | +0.257% | $9.1M | $255K | 25x | as long as short |
| Variational Omni SOON | +0.2118% | 4h | 0.1939 | −0.481% | $239K | $20K | — | as long as short |
| Bybit SOONUSDTshort | +0.2204% | 4h | 0.1939 | −0.462% | $2.5M | $1.2M | 25x |
KuCoin SOONUSDTM
OKX SOON-USDT-SWAP
Extended SOON-USD
Binance SOONUSDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.2262% | 4h | 0.1949 | +0.051% | — | $6.7M | — | as long as short |
BingX SOON-USDT