SOPH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.65 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against Bitget+0.103%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$354as in the Funding arb table

Net, price: spread back to 7d avg − costs−$434as in the Price arb table

costs, in and out, $10k−$4444.437% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.896%+$90 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.103%, 7d avg +0.009%

Together, before fees+0.744%+$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.095% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOPHUSDT	0.003878	−0.0164	get 0.0082% / 4h	1h 07m	$525K	$504K	25x
Short	Gate SOPH_USDT	0.003882	−0.0034	pay 0.0017% / 4h	1h 07m	$637K	$356K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: $27.3
Price spread: +0.103% → +0.009%: $9.45
Slippage, 4 orders: −$416.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$406.91
Costs to cover: 4.437%
Break-even: 111.3 days

Slippage from Bitget: live order book, 32 min ago; Gate: live order book, 34 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 Bitget live order book, 32 min ago	2.61 bp	77.9 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	6.53 bp	164.3 bp −$164	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	−0.1643%	4h	0.003879	+0.026%	$2.0M	$2.8M	25x	as long as short
BingX SOPH-USDT	−0.1418%	4h	0.003876	−0.052%	—	$6.6M	—	as long as short
Hyperliquid SOPH	−0.0635%	1h	0.003873	−0.129%	$409K	$370K	3x	as long as short
KuCoin SOPHUSDTM	−0.0486%	4h	0.003882	+0.103%	$837K	$106K	30x	as long as short
Binance SOPHUSDT	−0.0398%	4h	0.003880	+0.061%	$5.0M	$11.2M	25x	as long as short
MEXC SOPH_USDT	−0.0348%	4h	0.003876	−0.052%	$1.2M	$347K	20x	as long as short
Bitget SOPHUSDTlong	−0.0164%	4h	0.003878	long leg	$525K	$504K	25x
Gate SOPH_USDTshort	−0.0034%	4h	0.003882	+0.103%	$637K	$356K	25x
OKX SOPH-USDT-SWAP	+0.0071%	4h	0.003875	−0.077%	$815K	$3.3M	10x	as long as short