Funding you earn now, next payment 08:00 UTC+0.1181%/8h= +129.3% APRnext payment +$5.90 per $10,000 · paid last 24h +1.063%
Price spread now: Bybit against Binance−0.516%7-day average −0.357% · you buy dearer than you sell
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1351.347% of the position
Funding, last 7 days+1.457%+$146 on $10k
+Price spread, last 7 days+0.155%+$15 · spread now −0.516%, 7d avg −0.357%
=Funding pays, the price is against you. Bybit is 0.159% cheaper against Binance than usual: you would sell low and buy high (spread −0.516% now, against its 7-day average of −0.357%). If the spread goes back, that is −$16 on $10k: about 11 hours of funding at the current rate (+$35 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOONUSDT | 0.1949 | 0.0757 | pay 0.0379% / 4h | 3h 02m | $8.0M | $2.0M | 50x |
| Short | Bybit SOONUSDT | 0.1939 | 0.1938 | get 0.0969% / 4h | 3h 02m | $2.5M | $1.2M | 25x |
Binance SOONUSDT
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $247.98
- Price spread: −0.516% → −0.357%
- −$15.86
- Slippage, 4 orders
- −$113.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $97.41
- Costs to cover
- 1.347%
- Break-even
- 4.3 days
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 4 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 Binance live order book, 6 min ago | 2.57 bp | 33.3 bp −$33 | 238.1 bp −$2,381 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.58 bp | 29.9 bp −$30 | 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 | 0.1952 | +0.136% | $1.8M | $3.4M | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0433% | 1h | 0.1944 | −0.244% | $11K | $2K | 10x | as long as short |
| Binance SOONUSDTlong | +0.0757% | 4h | 0.1949 | long leg | $8.0M | $2.0M | 50x | |
| Extended SOON-USD | +0.0760% | 1h | 0.1949 | −0.015% | $7K | $280K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0875% | 4h | 0.1949 | −0.003% | $2.0M | $494K | 20x | as long as short |
| Gate SOON_USDT | +0.0882% | 4h | 0.1947 | −0.105% | $3.2M | $137K | 50x | as long as short |
| Bitget SOONUSDT | +0.1294% | 4h | 0.1950 | +0.048% | $9.2M | $286K | 25x | as long as short |
| Variational Omni SOON | +0.1337% | 4h | 0.1941 | −0.431% | $239K | $20K | — | as long as short |
| Aster SOONUSDT | +0.1368% | 4h | 0.1946 | −0.149% | $189K | $3K | 5x | as long as short |
| Bybit SOONUSDTshort | +0.1938% | 4h | 0.1939 | −0.516% | $2.5M | $1.2M | 25x |
KuCoin SOONUSDTM
Kraken Futures PF_SOONUSD
Extended SOON-USD
OKX SOON-USDT-SWAP
Gate SOON_USDT
Bitget SOONUSDT
Variational Omni SOON
Aster SOONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.2036% | 4h | 0.1946 | −0.157% | — | $6.7M | — | as long as short |
BingX SOON-USDT