Funding you earn now, next payment 00:00 UTC+0.0718%/8h= +78.6% APRnext payment +$3.59 per $10,000 · paid last 24h +0.057%
Price spread now: Bitget against Gate+0.308%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$2202.197% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 7 days−0.372%−$37 · spread now +0.308%, 7d avg +0.173%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bitget is 0.135% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.173%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.271% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.59 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 | Gate SOON_USDT | 0.1948 | 0.0112 | pay 0.0056% / 4h | 54m 32s | $3.2M | $91K | 50x |
| Short | Bitget SOONUSDT | 0.1954 | 0.0830 | get 0.0415% / 4h | 54m 32s | $9.1M | $218K | 25x |
Gate SOON_USDT
Bitget SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $150.78
- Price spread: +0.308% → +0.173%
- $13.47
- Slippage, 4 orders
- −$192.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$55.48
- Costs to cover
- 2.197%
- Break-even
- 9.6 days
Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago | 5.14 bp | 86.7 bp −$87 | 12866.6 bp −$128.7K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 7.69 bp | 32.8 bp −$33 | 151.4 bp −$1,514 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.0070% | 4h | 0.1950 | +0.103% | — | $6.7M | — | as long as short |
| KuCoin SOONUSDTM | +0.0100% | 4h | 0.1954 | +0.287% | $1.8M | $3.1M | 50x | as long as short |
| Extended SOON-USD | +0.0104% | 1h | 0.1955 | +0.381% | $7K | $207K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0107% | 1h | 0.1946 | −0.092% | $11K | $1K | 10x | as long as short |
| OKX SOON-USDT-SWAP | +0.0112% | 4h | 0.1955 | +0.359% | $2.0M | $430K | 20x | as long as short |
| Gate SOON_USDTlong | +0.0112% | 4h | 0.1948 | long leg | $3.2M | $91K | 50x | |
| Binance SOONUSDT | +0.0123% | 4h | 0.1956 | +0.402% | $8.0M | $1.9M | 50x | as long as short |
| Bitget SOONUSDTshort | +0.0830% | 4h | 0.1954 | +0.308% | $9.1M | $218K | 25x | |
| Aster SOONUSDT | +0.0831% | 4h | 0.1949 | +0.068% | $190K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3279% | 4h | 0.1935 | −0.656% | $222K | $4K | — | as long as short |
BingX SOON-USDT
KuCoin SOONUSDTM
Extended SOON-USD
Kraken Futures PF_SOONUSD
OKX SOON-USDT-SWAP
Binance 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 | +0.3595% | 4h | 0.1940 | −0.411% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT