Funding you earn now, next payment 04:00 UTC−0.0922%/8h= −101.0% APRnext payment −$4.61 per $10,000 · paid last 24h −0.146%
Price spread now: KuCoin against Bitget+0.041%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$494as in the Funding arb table
Net, price: spread back to 7d avg − costs−$445as in the Price arb table
costs, in and out, $10k−$4514.513% of the position
Funding, last 7 days−0.423%−$42 on $10k
+Price spread, last 7 days+0.056%+$6 · spread now +0.041%, 7d avg −0.024%
=The price spread pays, funding is against you. KuCoin is 0.065% dearer against Bitget than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.024%): +$6 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.423% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.423% in total (about -22.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.61 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 | Bitget SOONUSDT | 0.1959 | 0.1022 | pay 0.0511% / 4h | 3h 30m | $9.2M | $227K | 25x |
| Short | KuCoin SOONUSDTM | 0.1960 | 0.0100 | get 0.0050% / 4h | 3h 30m | $1.8M | $3.1M | 50x |
Bitget SOONUSDT
KuCoin SOONUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$193.62
- Price spread: +0.041% → −0.024%
- $6.48
- Slippage, 4 orders
- −$427.3
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$638.44
- Costs to cover
- 4.513%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago | 5.11 bp | 20.3 bp −$20 | 205.9 bp −$2,059 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 4.34 bp | 193.5 bp −$193 | 675.6 bp −$6,756 | 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 SOONUSDTMshort | +0.0100% | 4h | 0.1960 | +0.041% | $1.8M | $3.1M | 50x | |
| Binance SOONUSDT | +0.0270% | 4h | 0.1958 | −0.051% | $8.0M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0272% | 1h | 0.1958 | −0.054% | $7K | $202K | 5x | as long as short |
| OKX SOON-USDT-SWAP | +0.0429% | 4h | 0.1958 | −0.051% | $2.0M | $449K | 20x | as long as short |
| Gate SOON_USDT | +0.0452% | 4h | 0.1954 | −0.255% | $3.2M | $110K | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0533% | 1h | 0.1952 | −0.361% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0908% | 4h | 0.1956 | −0.153% | $190K | $2K | 5x | as long as short |
| Bitget SOONUSDTlong | +0.1022% | 4h | 0.1959 | long leg | $9.2M | $227K | 25x | |
| Bybit SOONUSDT | +0.2297% | 4h | 0.1943 | −0.817% | $2.5M | $1.1M | 25x | as long as short |
| BingX SOON-USDT | +0.3012% | 4h | 0.1954 | −0.255% | — | $6.7M | — | as long as short |
Binance SOONUSDT
Extended SOON-USD
OKX SOON-USDT-SWAP
Gate SOON_USDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bybit SOONUSDT
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.3106% | 4h | 0.1945 | −0.730% | $239K | $20K | — | as long as short |
Variational Omni SOON