Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.425%
Price spread now: BingX against Gate+0.258%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2282.282% of the position
Funding, last 7 days+1.083%+$108 on $10k
+Price spread, last 7 days−0.313%−$31 · spread now +0.258%, 7d avg +0.072%
=The price spread pays, funding is against you. BingX is 0.185% dearer against Gate than usual: you sell high and buy low (spread +0.258% now, against its 7-day average of +0.072%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. Mind the row above: over the last 7 days funding on this pair paid +1.083%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOON_USDT | 0.1941 | 0.0100 | pay 0.0050% / 4h | 2h 23m | $3.1M | $90K | 50x |
| Short | BingX SOON-USDT | 0.1946 | 0.0070 | get 0.0035% / 4h | 2h 23m | — | $6.6M | — |
Gate SOON_USDT
BingX SOON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$6.3
- Price spread: +0.258% → +0.072%
- $18.54
- Slippage, 4 orders
- −$203.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$215.96
- Costs to cover
- 2.282%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; BingX: live order book, 9 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 Gate live order book, 5 min ago | 2.57 bp | 86.9 bp −$87 | 13277.7 bp −$132.8K | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 2.58 bp | 16.5 bp −$17 | 69.7 bp −$697 | 858.8 bp −$85.9K | 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 | +0.0056% | 1h | 0.1947 | +0.334% | $11K | $1K | 10x | as long as short |
| BingX SOON-USDTshort | +0.0070% | 4h | 0.1946 | +0.258% | — | $6.6M | — | |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1950 | +0.464% | $1.9M | $418K | 20x | as long as short |
| Gate SOON_USDTlong | +0.0100% | 4h | 0.1941 | long leg | $3.1M | $90K | 50x | |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1950 | +0.459% | $1.8M | $3.0M | 50x | as long as short |
| Extended SOON-USD | +0.0240% | 1h | 0.1951 | +0.517% | $7K | $207K | 5x | as long as short |
| Binance SOONUSDT | +0.0243% | 4h | 0.1951 | +0.527% | $8.0M | $1.9M | 50x | as long as short |
| Bitget SOONUSDT | +0.0312% | 4h | 0.1944 | +0.155% | $9.1M | $199K | 25x | as long as short |
| Aster SOONUSDT | +0.0669% | 4h | 0.1947 | +0.323% | $190K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.4010% | 4h | 0.1933 | −0.416% | $222K | $4K | — | as long as short |
Kraken Futures PF_SOONUSD
OKX SOON-USDT-SWAP
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
Bitget SOONUSDT
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.5158% | 4h | 0.1934 | −0.361% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT