Funding you earn now, next payment 08:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.92 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against Binance−0.159%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$721as in the Funding arb table
Net, price: spread back to 7d avg − costs−$773as in the Price arb table
costs, in and out, $10k−$7627.615% of the position
Funding, last 7 days+0.410%+$41 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.159%, 7d avg −0.040%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.119% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.410%, 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 | Binance SOPHUSDT | 0.003770 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $4.8M | $10.3M | 25x |
| Short | KuCoin SOPHUSDTM | 0.003764 | −0.0084 | pay 0.0042% / 4h | 1h 31m | $811K | $101K | 30x |
Binance SOPHUSDT
KuCoin SOPHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$38.64
- Price spread: −0.159% → −0.040%
- −$11.92
- Slippage, 4 orders
- −$739.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$812.09
- Costs to cover
- 7.615%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; KuCoin: 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 Binance live order book, 8 min ago | 2.60 bp | 22.0 bp −$22 | 92.7 bp −$927 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 10.41 bp | 266.5 bp −$266 | doesn't fit | doesn't fit | doesn't fit |
SOPH on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOPHUSDT | −0.0628% | 4h | 0.003768 | −0.053% | $1.9M | $2.7M | 25x | as long as short |
| Hyperliquid SOPH | −0.0570% | 1h | 0.003770 | 0.000% | $401K | $358K | 3x | as long as short |
| BingX SOPH-USDT | −0.0318% | 4h | 0.003770 | 0.000% | — | $6.6M | — | as long as short |
| KuCoin SOPHUSDTMshort | −0.0084% | 4h | 0.003764 | −0.159% | $811K | $101K | 30x | |
| Gate SOPH_USDT | −0.0008% | 4h | 0.003769 | −0.027% | $620K | $335K | 25x | as long as short |
| Binance SOPHUSDTlong | +0.0100% | 4h | 0.003770 | long leg | $4.8M | $10.3M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.003771 | +0.027% | $790K | $2.9M | 10x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.003772 | +0.053% | $1.1M | $318K | 20x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.003769 | −0.027% | $512K | $460K | 25x | as long as short |
Bybit SOPHUSDT
Hyperliquid SOPH
BingX SOPH-USDT
Gate SOPH_USDT
OKX SOPH-USDT-SWAP
MEXC SOPH_USDT
Bitget SOPHUSDT