Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.36 per $10,000 · paid last 24h +0.469%
Price spread now: Bybit against BingX−0.513%7-day average −0.227% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$990.992% of the position
Funding, last 7 days+0.347%+$35 on $10k
+Price spread, last 7 days+0.329%+$33 · spread now −0.513%, 7d avg −0.227%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.287% cheaper against BingX than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.227%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.347%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SOON-USDT | 0.1949 | 0.2262 | pay 0.1131% / 4h | 1h 34m | — | $6.7M | — |
| Short | Bybit SOONUSDT | 0.1939 | 0.2191 | get 0.1095% / 4h | 1h 34m | $2.5M | $1.2M | 25x |
BingX SOON-USDT
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$14.91
- Price spread: −0.513% → −0.227%
- −$28.66
- Slippage, 4 orders
- −$78.23
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$142.8
- Costs to cover
- 0.992%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 2.57 bp | 18.0 bp −$18 | 73.3 bp −$733 | 846.7 bp −$84.7K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.58 bp | 35.7 bp −$36 | 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 | 0.1954 | +0.236% | $1.8M | $3.2M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0525% | 4h | 0.1953 | +0.205% | $2.0M | $459K | 20x | as long as short |
| Binance SOONUSDT | +0.0575% | 4h | 0.1954 | +0.234% | $8.0M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0576% | 1h | 0.1953 | +0.202% | $6K | $195K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0768% | 1h | 0.1944 | −0.281% | $11K | $2K | 10x | as long as short |
| Gate SOON_USDT | +0.0782% | 4h | 0.1948 | −0.051% | $3.2M | $119K | 50x | as long as short |
| Aster SOONUSDT | +0.0961% | 4h | 0.1953 | +0.187% | $190K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.0998% | 4h | 0.1954 | +0.257% | $9.1M | $255K | 25x | as long as short |
| Variational Omni SOON | +0.2118% | 4h | 0.1939 | −0.532% | $239K | $20K | — | as long as short |
| Bybit SOONUSDTshort | +0.2191% | 4h | 0.1939 | −0.513% | $2.5M | $1.2M | 25x |
KuCoin SOONUSDTM
OKX SOON-USDT-SWAP
Binance SOONUSDT
Extended SOON-USD
Kraken Futures PF_SOONUSD
Gate SOON_USDT
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDTlong | +0.2262% | 4h | 0.1949 | long leg | — | $6.7M | — |