Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against BingX−0.022%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 7 days+0.078%+$8 · spread now −0.022%, 7d avg +0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.052% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SOPH-USDT | 0.004470 | 0.0100 | pay 0.0050% / 4h | 30m 15s | — | $6.6M | — |
| Short | Bybit SOPHUSDT | 0.004469 | 0.0100 | get 0.0050% / 4h | 30m 15s | $1.8M | $1.1M | 25x |
BingX SOPH-USDT
Bybit SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- $0
- Price spread: −0.022% → +0.030%
- −$5.19
- Slippage, 4 orders
- −$56.89
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.08
- Costs to cover
- 0.779%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 1 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 BingX live order book, 6 min ago | 4.51 bp | 16.5 bp −$17 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.24 bp | 29.1 bp −$29 | 118.8 bp −$1,188 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SOPH | +0.0100% | 1h | 0.004468 | −0.045% | $520K | $163K | 3x | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004466 | −0.089% | $5.4M | $5.2M | 25x | as long as short |
| Bybit SOPHUSDTshort | +0.0100% | 4h | 0.004469 | −0.022% | $1.8M | $1.1M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004466 | −0.089% | $972K | $1.5M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004467 | −0.067% | $726K | $153K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004466 | −0.089% | $987K | $181K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004466 | −0.089% | $949K | $39K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004469 | −0.022% | $644K | $224K | 25x | as long as short |
| BingX SOPH-USDTlong | +0.0100% | 4h | 0.004470 | long leg | — | $6.6M | — |
Hyperliquid SOPH
Binance SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT