Funding you earn now, next payment 04:00 UTC−0.1508%/8h= −165.1% APRnext payment −$7.54 per $10,000 · paid last 24h −0.498%
Price spread now: Bitget against BingX+0.153%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days−0.923%−$92 on $10k
+Price spread, last 7 days−0.144%−$14 · spread now +0.153%, 7d avg +0.098%
=The price spread pays, funding is against you. Bitget is 0.055% dearer against BingX than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.098%): +$5 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.923% 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 -0.923% in total (about -48.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.54 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 | 0.1961 | 0.2584 | pay 0.1292% / 4h | 3h 12m | — | $6.7M | — |
| Short | Bitget SOONUSDT | 0.1964 | 0.1076 | get 0.0538% / 4h | 3h 12m | $9.2M | $237K | 25x |
BingX SOON-USDT
Bitget SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$316.68
- Price spread: +0.153% → +0.098%
- $5.5
- Slippage, 4 orders
- −$65.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$398.54
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bitget: live order book, 1 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, 10 min ago | 7.66 bp | 17.3 bp −$17 | 46.3 bp −$463 | 799.5 bp −$79.9K | doesn't fit |
| Sell Bitget live order book, 1 min ago | 5.09 bp | 25.5 bp −$26 | 180.6 bp −$1,806 | 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 | 0.1965 | +0.204% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0272% | 1h | 0.1964 | +0.137% | $7K | $198K | 5x | as long as short |
| Binance SOONUSDT | +0.0276% | 4h | 0.1965 | +0.180% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0435% | 4h | 0.1964 | +0.153% | $2.0M | $451K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0531% | 1h | 0.1957 | −0.220% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0958% | 4h | 0.1960 | −0.051% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDTshort | +0.1076% | 4h | 0.1964 | +0.153% | $9.2M | $237K | 25x | |
| Gate SOON_USDT | +0.1086% | 4h | 0.1962 | +0.051% | $3.2M | $111K | 50x | as long as short |
| BingX SOON-USDTlong | +0.2584% | 4h | 0.1961 | long leg | — | $6.7M | — | |
| Bybit SOONUSDT | +0.2806% | 4h | 0.1950 | −0.561% | $2.5M | $1.1M | 25x | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Gate SOON_USDT
Bybit SOONUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.2953% | 4h | 0.1947 | −0.729% | $239K | $20K | — | as long as short |
Variational Omni SOON