Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.46 per $10,000 · paid last 24h +0.040%
Price spread now: Binance against OKX0.000%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 7 days+0.202%+$20 · spread now 0.000%, 7d avg +0.085%
=Funding pays, the price is against you. Binance is 0.085% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.085%). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SOON-USDT-SWAP | 0.1951 | 0.0569 | pay 0.0284% / 4h | 1h 07m | $1.9M | $458K | 20x |
| Short | Binance SOONUSDT | 0.1951 | 0.0661 | get 0.0331% / 4h | 1h 07m | $8.0M | $1.9M | 50x |
OKX SOON-USDT-SWAP
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $19.48
- Price spread: 0.000% → +0.085%
- −$8.52
- Slippage, 4 orders
- −$111.29
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$120.33
- Costs to cover
- 1.313%
- Break-even
- 50.2 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 2 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 OKX live order book, 5 min ago | 2.56 bp | 46.2 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.56 bp | 24.3 bp −$24 | 154.2 bp −$1,542 | 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 | 0.1952 | +0.062% | $1.8M | $3.3M | 50x | as long as short |
| OKX SOON-USDT-SWAPlong | +0.0569% | 4h | 0.1951 | long leg | $1.9M | $458K | 20x | |
| Binance SOONUSDTshort | +0.0661% | 4h | 0.1951 | 0.000% | $8.0M | $1.9M | 50x | |
| Extended SOON-USD | +0.0664% | 1h | 0.1951 | +0.024% | $6K | $193K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0768% | 1h | 0.1943 | −0.391% | $11K | $2K | 10x | as long as short |
| Gate SOON_USDT | +0.0800% | 4h | 0.1948 | −0.154% | $3.2M | $119K | 50x | as long as short |
| Aster SOONUSDT | +0.0972% | 4h | 0.1952 | +0.067% | $190K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1012% | 4h | 0.1951 | 0.000% | $9.1M | $255K | 25x | as long as short |
| Variational Omni SOON | +0.1966% | 4h | 0.1940 | −0.583% | $238K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2254% | 4h | 0.1946 | −0.256% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
Kraken Futures PF_SOONUSD
Gate SOON_USDT
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 | +0.2324% | 4h | 0.1939 | −0.595% | $2.5M | $1.2M | 25x | as long as short |
Bybit SOONUSDT