Settings8H · net · $10k
Funding arb · Price arb /

SOON

all SOON markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.076%
Price spread now: KuCoin against Extended−0.114%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$723as in the Funding arb table
Net, price: spread back to 7d avg − costs−$704as in the Price arb table
costs, in and out, $10k−$6966.958% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.275%−$28 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.114%, 7d avg −0.034%
Together, before fees−0.135%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.080% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SOON-USD0.19440.0152pay 0.0019% / 1h46m 33s$7K$207K5x
ShortKuCoin SOONUSDTM0.19420.0100get 0.0050% / 4h1h 46m$1.8M$3.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.92
Price spread: −0.114% → −0.034%
−$7.95
Slippage, 4 orders
−$678.78
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$714.66
Costs to cover
6.958%
Break-even
never at this rate
Slippage from Extended: live order book, 35 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 35 min ago9.47 bp120.5 bp −$121538.5 bp −$5,385doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago2.83 bp213.6 bp −$214699.2 bp −$6,992doesn't fitdoesn't fit

SOON on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SOON-USDT+0.0070%4h0.1939−0.268%$6.7Mas long as short
OKX SOON-USDT-SWAP+0.0100%4h0.1941−0.165%$1.9M$419K20xas long as short
Gate SOON_USDT+0.0100%4h0.1938−0.320%$3.1M$91K50xas long as short
KuCoin SOONUSDTMshort+0.0100%4h0.1942−0.114%$1.8M$3.0M50x
Extended SOON-USDlong+0.0152%1h0.1944long leg$7K$207K5x
Binance SOONUSDT+0.0156%4h0.1944−0.005%$8.0M$1.9M50xas long as short
Kraken Futures PF_SOONUSD+0.0338%1h0.1936−0.417%$11K$1K10xas long as short
Bitget SOONUSDT+0.0474%4h0.1944−0.011%$9.1M$208K25xas long as short
Aster SOONUSDT+0.0684%4h0.1942−0.114%$189K$2K5xas long as short
Variational Omni SOON+0.3704%4h0.1927−0.894%$222K$4Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.3943%4h0.1928−0.844%$2.5M$1.1M25xas long as short