Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.49 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against Bitget+0.293%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1241.243% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 7 days−0.129%−$13 · spread now +0.293%, 7d avg +0.028%
=The price spread pays, funding is against you. Binance is 0.265% dearer against Bitget than usual: you sell high and buy low (spread +0.293% now, against its 7-day average of +0.028%): +$27 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.9 days. At the pace of the last 7 days (−0.096% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOONUSDT | 0.1938 | 0.0296 | pay 0.0148% / 4h | 2h 29m | $9.1M | $198K | 25x |
| Short | Binance SOONUSDT | 0.1944 | 0.0197 | get 0.0099% / 4h | 2h 29m | $8.0M | $1.9M | 50x |
Bitget SOONUSDT
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$20.75
- Price spread: +0.293% → +0.028%
- $26.5
- Slippage, 4 orders
- −$102.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$118.55
- Costs to cover
- 1.243%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 10 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 Bitget live order book, 4 min ago | 5.15 bp | 25.7 bp −$26 | 311.0 bp −$3,110 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.58 bp | 37.2 bp −$37 | 165.7 bp −$1,657 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOONUSD | +0.0057% | 1h | 0.1934 | −0.207% | $11K | $1K | 10x | as long as short |
| BingX SOON-USDT | +0.0070% | 4h | 0.1939 | +0.052% | — | $6.7M | — | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1941 | +0.155% | $1.9M | $416K | 20x | as long as short |
| Gate SOON_USDT | +0.0100% | 4h | 0.1935 | −0.155% | $3.1M | $90K | 50x | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1943 | +0.243% | $1.8M | $3.0M | 50x | as long as short |
| Binance SOONUSDTshort | +0.0197% | 4h | 0.1944 | +0.293% | $8.0M | $1.9M | 50x | |
| Extended SOON-USD | +0.0200% | 1h | 0.1943 | +0.280% | $7K | $207K | 5x | as long as short |
| Bitget SOONUSDTlong | +0.0296% | 4h | 0.1938 | long leg | $9.1M | $198K | 25x | |
| Aster SOONUSDT | +0.0599% | 4h | 0.1943 | +0.282% | $189K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3967% | 4h | 0.1928 | −0.495% | $221K | $4K | — | as long as short |
Kraken Futures PF_SOONUSD
BingX SOON-USDT
OKX SOON-USDT-SWAP
Gate SOON_USDT
KuCoin SOONUSDTM
Extended SOON-USD
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.5383% | 4h | 0.1928 | −0.516% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT