Funding you earn now, next payment 04:00 UTC−0.0525%/8h= −57.4% APRnext payment −$2.62 per $10,000 · paid last 24h −0.086%
Price spread now: OKX against Bitget0.000%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1221.215% of the position
Funding, last 7 days−0.366%−$37 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now 0.000%, 7d avg −0.057%
=The price spread pays, funding is against you. OKX is 0.057% dearer against Bitget than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.057%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.366% 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 -0.366% in total (about -19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.62 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 | 0.1971 | 0.1070 | pay 0.0535% / 4h | 2h 19m | $9.2M | $256K | 25x |
| Short | OKX SOON-USDT-SWAP | 0.1971 | 0.0545 | get 0.0273% / 4h | 2h 19m | $2.0M | $460K | 20x |
Bitget SOONUSDT
OKX SOON-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$110.17
- Price spread: 0.000% → −0.057%
- $5.66
- Slippage, 4 orders
- −$99.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$226.04
- Costs to cover
- 1.215%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; OKX: 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, 4 min ago | 7.62 bp | 27.8 bp −$28 | 220.4 bp −$2,204 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 5.07 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 | +0.076% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0472% | 1h | 0.1970 | −0.057% | $6K | $194K | 5x | as long as short |
| Binance SOONUSDT | +0.0475% | 4h | 0.1971 | −0.016% | $8.1M | $2.0M | 50x | as long as short |
| OKX SOON-USDT-SWAPshort | +0.0545% | 4h | 0.1971 | 0.000% | $2.0M | $460K | 20x | |
| Kraken Futures PF_SOONUSD | +0.0702% | 1h | 0.1964 | −0.372% | $11K | $2K | 10x | as long as short |
| Aster SOONUSDT | +0.1051% | 4h | 0.1971 | 0.000% | $192K | $3K | 5x | as long as short |
| Bitget SOONUSDTlong | +0.1070% | 4h | 0.1971 | long leg | $9.2M | $256K | 25x | |
| Gate SOON_USDT | +0.1190% | 4h | 0.1967 | −0.203% | $3.2M | $116K | 50x | as long as short |
| BingX SOON-USDT | +0.2434% | 4h | 0.1967 | −0.203% | — | $6.7M | — | as long as short |
| Variational Omni SOON | +0.2501% | 4h | 0.1959 | −0.602% | $241K | $20K | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Gate SOON_USDT
BingX SOON-USDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.2748% | 4h | 0.1959 | −0.604% | $2.6M | $1.2M | 25x | as long as short |
Bybit SOONUSDT