Funding you earn now, next payment 12:00 UTC+0.3110%/8h= +340.5% APRnext payment +$15.55 per $10,000 · paid last 24h +1.092%
Price spread now: Bybit against Gate−0.457%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2172.175% of the position
Funding, last 7 days+1.719%+$172 on $10k
+Price spread, last 7 days+0.401%+$40 · spread now −0.457%, 7d avg −0.158%
=Funding pays, the price is against you. Bybit is 0.299% cheaper against Gate than usual: you would sell low and buy high (spread −0.457% now, against its 7-day average of −0.158%). If the spread goes back, that is −$30 on $10k: about 8 hours of funding at the current rate (+$93 a day). At the pace of the last 7 days (+1.719% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.719% in total (about 89.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.55 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 | 0.1968 | 0.1510 | pay 0.0755% / 4h | 3h 15m | $3.2M | $147K | 50x |
| Short | Bybit SOONUSDT | 0.1959 | 0.4620 | get 0.2310% / 4h | 3h 15m | $2.6M | $1.3M | 25x |
Gate SOON_USDT
Bybit SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $653.09
- Price spread: −0.457% → −0.158%
- −$29.9
- Slippage, 4 orders
- −$191.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $405.69
- Costs to cover
- 2.175%
- Break-even
- 2.7 days
Slippage from Gate: live order book, 3 min ago; Bybit: 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 Gate live order book, 3 min ago | 5.09 bp | 73.1 bp −$73 | 11505.0 bp −$115.0K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.09 bp | 34.6 bp −$35 | 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 | 0.1971 | +0.158% | $1.8M | $3.6M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0163% | 4h | 0.1971 | +0.152% | $2.0M | $526K | 20x | as long as short |
| Extended SOON-USD | +0.0240% | 1h | 0.1970 | +0.126% | $8K | $182K | 5x | as long as short |
| Binance SOONUSDT | +0.0241% | 4h | 0.1970 | +0.099% | $8.0M | $2.0M | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0657% | 1h | 0.1963 | −0.244% | $11K | $2K | 10x | as long as short |
| Aster SOONUSDT | +0.0788% | 4h | 0.1970 | +0.106% | $192K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1020% | 4h | 0.1970 | +0.102% | $9.2M | $312K | 25x | as long as short |
| Gate SOON_USDTlong | +0.1510% | 4h | 0.1968 | long leg | $3.2M | $147K | 50x | |
| Variational Omni SOON | +0.2738% | 4h | 0.1963 | −0.243% | $242K | $20K | — | as long as short |
| BingX SOON-USDT | +0.4126% | 4h | 0.1967 | −0.051% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
OKX SOON-USDT-SWAP
Extended SOON-USD
Binance SOONUSDT
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTshort | +0.4620% | 4h | 0.1959 | −0.457% | $2.6M | $1.3M | 25x |