Settings8H · net · $10k
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Funding arb · Price arb / Crypto

SOPH

All SOPH markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotSOPHUSDT
0.001355spotno funding——$974K1xBuy Binance Spot
SHORT
BinanceSOPHUSDT
0.001353−0.0491pay 0.0245% / 4h2h 02m$3.0M$8.9M10xShort Binance
Price gap−0.148%
Funding gap−0.0491% /8h

The gap pays +$33 on $10k if it goes back to its 7d average, but funding costs $15 a day and eats that in about 2.3 days. At the last 7 days' pace that is about 14 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$409−0.0491% /8h now · paid −4.085% over the last 7D
Price+$33spread −0.148% now, avg −0.479% → +0.332% if it goes back
Costs−$1971.969% of $10k · taker + slippage, in and out
Result−$572−5.72%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.148%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOPH on 10 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size59.4 / 29.9 bp
    At $10k entering Binance Spot costs 59.4 bp, fee and slippage, 2.0× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; Binance runs at up to 10x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$14.72Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$14.72.
  • OK: Entry gap works for you−0.148% vs −0.479%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$3.0M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.1945%/8h × 21 periods−$408.54
Price spread−0.148% → −0.479% (7d avg)+$33.18
Slippage, 4 orderslive order books−$166.89
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$572.25
Costs to cover1.969%Break-evennever at this rate
Slippage: Binance Spot: live order book, 42 min ago; Binance: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot37.4559.4 bp−$59808.1 bp−$8,081doesn’t fitdoesn’t fit
SELL · SHORTBinance3.6929.9 bp−$30183.5 bp−$1,835doesn’t fitdoesn’t fit

Closing costs about the same again.

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