Funding you earn now, next payment 04:00 UTC+0.0745%/8h= +81.5% APRnext payment +$3.72 per $10,000 · paid last 24h −0.054%
Price spread now: Gate against Binance−0.226%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2162.163% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 7 days+0.025%+$2 · spread now −0.226%, 7d avg −0.206%
=Funding pays, the price is against you. Gate is 0.020% cheaper against Binance than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of −0.206%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.178%, 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 7 days it paid -0.178% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.72 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 | Binance SOONUSDT | 0.1970 | 0.0441 | pay 0.0221% / 4h | 2h 22m | $8.1M | $2.0M | 50x |
| Short | Gate SOON_USDT | 0.1966 | 0.1186 | get 0.0593% / 4h | 2h 22m | $3.2M | $115K | 50x |
Binance SOONUSDT
Gate SOON_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $156.38
- Price spread: −0.226% → −0.206%
- −$2
- Slippage, 4 orders
- −$191.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$61.9
- Costs to cover
- 2.163%
- Break-even
- 9.8 days
Slippage from Binance: live order book, 16 min ago; Gate: live order book, 5 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, 16 min ago | 2.56 bp | 31.0 bp −$31 | 255.1 bp −$2,551 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.08 bp | 71.9 bp −$72 | 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 | 0.1971 | +0.023% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0440% | 1h | 0.1969 | −0.065% | $6K | $193K | 5x | as long as short |
| Binance SOONUSDTlong | +0.0441% | 4h | 0.1970 | long leg | $8.1M | $2.0M | 50x | |
| OKX SOON-USDT-SWAP | +0.0532% | 4h | 0.1972 | +0.079% | $2.0M | $456K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0702% | 1h | 0.1964 | −0.322% | $11K | $2K | 10x | as long as short |
| Aster SOONUSDT | +0.1028% | 4h | 0.1966 | −0.230% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1068% | 4h | 0.1970 | −0.023% | $9.2M | $255K | 25x | as long as short |
| Gate SOON_USDTshort | +0.1186% | 4h | 0.1966 | −0.226% | $3.2M | $115K | 50x | |
| BingX SOON-USDT | +0.2062% | 4h | 0.1967 | −0.175% | — | $6.7M | — | as long as short |
| Variational Omni SOON | +0.2425% | 4h | 0.1957 | −0.699% | $240K | $20K | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
BingX SOON-USDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.2599% | 4h | 0.1957 | −0.673% | $2.5M | $1.2M | 25x | as long as short |
Bybit SOONUSDT