Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h +0.040%
Price spread now: Binance against OKX+0.017%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1511.507% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days+0.151%+$15 · spread now +0.017%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.061% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.078%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.230%, 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 | OKX SOON-USDT-SWAP | 0.1960 | 0.0339 | pay 0.0170% / 4h | 20m 48s | $2.0M | $517K | 20x |
| Short | Binance SOONUSDT | 0.1960 | 0.0275 | get 0.0137% / 4h | 20m 48s | $8.0M | $2.0M | 50x |
OKX SOON-USDT-SWAP
Binance SOONUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$13.47
- Price spread: +0.017% → +0.078%
- −$6.14
- Slippage, 4 orders
- −$130.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$170.36
- Costs to cover
- 1.507%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 3 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 OKX live order book, 1 min ago | 2.55 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.55 bp | 32.2 bp −$32 | 128.8 bp −$1,288 | 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 | 0.1961 | +0.066% | $1.8M | $3.6M | 50x | as long as short |
| Binance SOONUSDTshort | +0.0275% | 4h | 0.1960 | +0.017% | $8.0M | $2.0M | 50x | |
| Extended SOON-USD | +0.0288% | 1h | 0.1959 | −0.027% | $7K | $184K | 5x | as long as short |
| OKX SOON-USDT-SWAPlong | +0.0339% | 4h | 0.1960 | long leg | $2.0M | $517K | 20x | |
| Aster SOONUSDT | +0.0646% | 4h | 0.1960 | −0.009% | $191K | $3K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0773% | 1h | 0.1955 | −0.275% | $11K | $3K | 10x | as long as short |
| Gate SOON_USDT | +0.0782% | 4h | 0.1956 | −0.204% | $3.2M | $149K | 50x | as long as short |
| Bitget SOONUSDT | +0.0946% | 4h | 0.1960 | 0.000% | $9.2M | $317K | 25x | as long as short |
| Variational Omni SOON | +0.1586% | 4h | 0.1950 | −0.502% | $241K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2052% | 4h | 0.1958 | −0.102% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Extended SOON-USD
Aster SOONUSDT
Kraken Futures PF_SOONUSD
Gate SOON_USDT
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 SOONUSDT | +0.2141% | 4h | 0.1950 | −0.495% | $2.5M | $1.3M | 25x | as long as short |
Bybit SOONUSDT