Funding you earn now, next payment 12:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance0.000%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now 0.000%, 7d avg −0.001%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOPHUSDT | 0.003854 | −0.1829 | get 0.0914% / 4h | 3h 12m | $5.1M | $12.7M | 25x |
| Short | MEXC SOPH_USDT | 0.003854 | −0.1822 | pay 0.0911% / 4h | 3h 12m | $1.2M | $384K | 20x |
Binance SOPHUSDT
MEXC SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1.46
- Price spread: 0.000% → −0.001%
- $0.07
- Slippage, 4 orders
- −$32.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$44.48
- Costs to cover
- 0.460%
- Break-even
- 220.0 days
Slippage from Binance: live order book, 12 min ago; MEXC: 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 Binance live order book, 12 min ago | 2.61 bp | 20.2 bp −$20 | 84.2 bp −$842 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.60 bp | 4.6 bp −$5 | 30.1 bp −$301 | 193.7 bp −$19.4K | 515.9 bp −$257.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SOPHUSDTlong | −0.1829% | 4h | 0.003854 | long leg | $5.1M | $12.7M | 25x | |
| MEXC SOPH_USDTshort | −0.1822% | 4h | 0.003854 | 0.000% | $1.2M | $384K | 20x | |
| BingX SOPH-USDT | −0.1722% | 4h | 0.003855 | +0.026% | — | $6.6M | — | as long as short |
| KuCoin SOPHUSDTM | −0.1300% | 4h | 0.003853 | −0.026% | $832K | $109K | 30x | as long as short |
| OKX SOPH-USDT-SWAP | −0.1285% | 4h | 0.003850 | −0.104% | $868K | $3.8M | 10x | as long as short |
| Bitget SOPHUSDT | −0.1250% | 4h | 0.003854 | 0.000% | $511K | $598K | 25x | as long as short |
| Bybit SOPHUSDT | −0.1005% | 4h | 0.003853 | −0.026% | $1.9M | $3.2M | 25x | as long as short |
| Hyperliquid SOPH | −0.0278% | 1h | 0.003851 | −0.078% | $409K | $397K | 3x | as long as short |
| Gate SOPH_USDT | +0.0096% | 4h | 0.003856 | +0.052% | $627K | $395K | 25x | as long as short |
BingX SOPH-USDT
KuCoin SOPHUSDTM
OKX SOPH-USDT-SWAP
Bitget SOPHUSDT
Bybit SOPHUSDT
Hyperliquid SOPH
Gate SOPH_USDT