Funding you earn now, next payment 12:00 UTC−0.3625%/8h= −396.9% APRnext payment −$18.12 per $10,000 · paid last 24h −0.595%
Price spread now: Binance against BingX+0.204%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
Funding, last 7 days−1.208%−$121 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.204%, 7d avg +0.129%
=The price spread pays, funding is against you. Binance is 0.075% dearer against BingX than usual: you sell high and buy low (spread +0.204% now, against its 7-day average of +0.129%): +$7 on $10k if it goes back. Holding the pair costs −$109 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−1.208% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.208% in total (about -63.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$18.12 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 | BingX SOON-USDT | 0.1957 | 0.3842 | pay 0.1921% / 4h | 3h 53m | — | $6.7M | — |
| Short | Binance SOONUSDT | 0.1961 | 0.0217 | get 0.0109% / 4h | 3h 53m | $8.0M | $2.0M | 50x |
BingX SOON-USDT
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$761.18
- Price spread: +0.204% → +0.129%
- $7.49
- Slippage, 4 orders
- −$85.31
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$858.99
- Costs to cover
- 1.053%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Binance: live order book, 16 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 BingX live order book, 14 min ago | 2.55 bp | 21.2 bp −$21 | 78.0 bp −$780 | 780.5 bp −$78.1K | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.54 bp | 36.8 bp −$37 | 153.2 bp −$1,532 | 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 | 0.1961 | +0.210% | $1.8M | $3.6M | 50x | as long as short |
| Extended SOON-USD | +0.0216% | 1h | 0.1960 | +0.166% | $6K | $181K | 5x | as long as short |
| Binance SOONUSDTshort | +0.0217% | 4h | 0.1961 | +0.204% | $8.0M | $2.0M | 50x | |
| OKX SOON-USDT-SWAP | +0.0259% | 4h | 0.1961 | +0.204% | $2.0M | $516K | 20x | as long as short |
| Gate SOON_USDT | +0.0574% | 4h | 0.1956 | −0.051% | $3.2M | $140K | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0660% | 1h | 0.1953 | −0.222% | $11K | $3K | 10x | as long as short |
| Aster SOONUSDT | +0.0684% | 4h | 0.1961 | +0.198% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.0922% | 4h | 0.1957 | 0.000% | $9.2M | $317K | 25x | as long as short |
| Variational Omni SOON | +0.2072% | 4h | 0.1952 | −0.272% | $241K | $20K | — | as long as short |
| BingX SOON-USDTlong | +0.3842% | 4h | 0.1957 | long leg | — | $6.7M | — |
KuCoin SOONUSDTM
Extended SOON-USD
OKX SOON-USDT-SWAP
Gate SOON_USDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.4088% | 4h | 0.1950 | −0.358% | $2.6M | $1.3M | 25x | as long as short |
Bybit SOONUSDT