Settings8H · net · $10k
Funding arb · Price arb /

SOON

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0285%/8h= +31.2% APRnext payment +$1.43 per $10,000 · paid last 24h −0.020%
Price spread now: Bitget against Aster+0.027%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1471.475% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.127%−$13 on $10k
Price spread, last 4 days (all we have)+0.445%+$45 · spread now +0.027%, 7d avg +0.064%
Together, before fees+0.318%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.037% cheaper against Aster than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.064%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 6 days funding on this pair cost −0.127%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.127% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SOONUSDT0.19620.0595pay 0.0298% / 4h3h 22m$191K$3K5x
ShortBitget SOONUSDT0.19630.0880get 0.0440% / 4h3h 22m$9.2M$316K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$59.85
Price spread: +0.027% → +0.064%
−$3.69
Slippage, 4 orders
−$127.48
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$91.31
Costs to cover
1.475%
Break-even
17.7 days
Slippage from Aster: live order book, 9 min ago; Bitget: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 9 min ago12.84 bp45.8 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago7.70 bp28.3 bp −$28193.7 bp −$1,937doesn't fitdoesn't fit

SOON on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SOONUSDT+0.0100%4h0.1964+0.078%$8.0M$2.0M50xas long as short
OKX SOON-USDT-SWAP+0.0100%4h0.1966+0.180%$2.0M$527K20xas long as short
KuCoin SOONUSDTM+0.0100%4h0.1964+0.078%$1.8M$3.6M50xas long as short
Extended SOON-USD+0.0104%1h0.1963+0.051%$8K$182K5xas long as short
Aster SOONUSDTlong+0.0595%4h0.1962long leg$191K$3K5x
Kraken Futures PF_SOONUSD+0.0660%1h0.1953−0.465%$11K$2K10xas long as short
Gate SOON_USDT+0.0832%4h0.1959−0.177%$3.2M$145K50xas long as short
Bitget SOONUSDTshort+0.0880%4h0.1963+0.027%$9.2M$316K25x
Variational Omni SOON+0.2473%4h0.1938−1.241%$239K$20Kas long as short
BingX SOON-USDT+0.3428%4h0.1961−0.075%$6.7Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.4254%4h0.1952−0.544%$2.6M$1.3M25xas long as short