Funding you earn now, next payment 08:00 UTC−0.1571%/8h= −172.0% APRnext payment −$7.85 per $10,000 · paid last 24h −0.632%
Price spread now: OKX against BingX+0.102%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1051.054% of the position
Funding, last 7 days−1.334%−$133 on $10k
+Price spread, last 7 days−0.120%−$12 · spread now +0.102%, 7d avg +0.051%
=The price spread pays, funding is against you. OKX is 0.050% dearer against BingX than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.051%): +$5 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−1.334% in total) that is about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SOON-USDT | 0.1969 | 0.2094 | pay 0.1047% / 4h | 1h 02m | — | $6.7M | — |
| Short | OKX SOON-USDT-SWAP | 0.1971 | 0.0523 | get 0.0262% / 4h | 1h 02m | $2.0M | $517K | 20x |
BingX SOON-USDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$329.87
- Price spread: +0.102% → +0.051%
- $5.05
- Slippage, 4 orders
- −$85.37
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$430.2
- Costs to cover
- 1.054%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; OKX: 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 BingX live order book, 5 min ago | 2.55 bp | 11.3 bp −$11 | 56.2 bp −$562 | 767.4 bp −$76.7K | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.54 bp | 33.6 bp −$34 | 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 | 0.1973 | +0.183% | $1.8M | $3.5M | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0256% | 1h | 0.1964 | −0.263% | $11K | $3K | 10x | as long as short |
| Extended SOON-USD | +0.0408% | 1h | 0.1972 | +0.140% | $7K | $188K | 5x | as long as short |
| Binance SOONUSDT | +0.0411% | 4h | 0.1972 | +0.176% | $8.1M | $2.0M | 50x | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0523% | 4h | 0.1971 | +0.102% | $2.0M | $517K | 20x | |
| Aster SOONUSDT | +0.0914% | 4h | 0.1969 | −0.019% | $191K | $3K | 5x | as long as short |
| Gate SOON_USDT | +0.0944% | 4h | 0.1968 | −0.051% | $3.2M | $147K | 50x | as long as short |
| Bitget SOONUSDT | +0.1082% | 4h | 0.1970 | +0.051% | $9.2M | $307K | 25x | as long as short |
| Variational Omni SOON | +0.1470% | 4h | 0.1958 | −0.576% | $242K | $20K | — | as long as short |
| BingX SOON-USDTlong | +0.2094% | 4h | 0.1969 | long leg | — | $6.7M | — |
KuCoin SOONUSDTM
Kraken Futures PF_SOONUSD
Extended SOON-USD
Binance SOONUSDT
Aster SOONUSDT
Gate SOON_USDT
Bitget SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.2240% | 4h | 0.1961 | −0.422% | $2.6M | $1.3M | 25x | as long as short |
Bybit SOONUSDT