Funding you earn now, next payment 08:00 UTC−0.0804%/8h= −88.0% APRnext payment −$4.02 per $10,000 · paid last 24h −0.082%
Price spread now: KuCoin against Gate+0.214%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$539as in the Funding arb table
Net, price: spread back to 7d avg − costs−$519as in the Price arb table
costs, in and out, $10k−$5245.244% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 7 days+0.003%$0 · spread now +0.214%, 7d avg +0.156%
=The price spread pays, funding is against you. KuCoin is 0.058% dearer against Gate than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.156%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.144% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.02 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 | 0.1963 | 0.0904 | pay 0.0452% / 4h | 36m 04s | $3.2M | $147K | 50x |
| Short | KuCoin SOONUSDTM | 0.1967 | 0.0100 | get 0.0050% / 4h | 36m 04s | $1.8M | $3.5M | 50x |
Gate SOON_USDT
KuCoin SOONUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$168.84
- Price spread: +0.214% → +0.156%
- $5.83
- Slippage, 4 orders
- −$497.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$687.44
- Costs to cover
- 5.244%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 11 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 | 5.09 bp | 57.5 bp −$57 | 10978.3 bp −$109.8K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 3.55 bp | 193.2 bp −$193 | 724.4 bp −$7,244 | 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 SOONUSDTMshort | +0.0100% | 4h | 0.1967 | +0.214% | $1.8M | $3.5M | 50x | |
| Extended SOON-USD | +0.0376% | 1h | 0.1966 | +0.174% | $7K | $184K | 5x | as long as short |
| Binance SOONUSDT | +0.0378% | 4h | 0.1967 | +0.204% | $8.1M | $2.0M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0429% | 4h | 0.1966 | +0.153% | $2.0M | $522K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0772% | 1h | 0.1959 | −0.200% | $11K | $3K | 10x | as long as short |
| Aster SOONUSDT | +0.0814% | 4h | 0.1964 | +0.058% | $191K | $3K | 5x | as long as short |
| Gate SOON_USDTlong | +0.0904% | 4h | 0.1963 | long leg | $3.2M | $147K | 50x | |
| Bitget SOONUSDT | +0.1050% | 4h | 0.1964 | +0.051% | $9.2M | $316K | 25x | as long as short |
| Variational Omni SOON | +0.1637% | 4h | 0.1962 | −0.070% | $242K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2142% | 4h | 0.1965 | +0.102% | — | $6.7M | — | as long as short |
Extended SOON-USD
Binance SOONUSDT
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
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 SOONUSDT | +0.2208% | 4h | 0.1955 | −0.418% | $2.6M | $1.3M | 25x | as long as short |
Bybit SOONUSDT