SOPH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0376%/8h= −41.2% APRnext payment −$1.88 per $10,000 · paid last 24h −0.009%

Price spread now: MEXC against Bitget−0.104%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.363%−$36 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.104%, 7d avg +0.030%

Together, before fees−0.267%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and MEXC is 0.134% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOPHUSDT	0.003863	−0.1080	get 0.0540% / 4h	0m 53s	$510K	$572K	25x
Short	MEXC SOPH_USDT	0.003859	−0.1456	pay 0.0728% / 4h	0m 53s	$1.2M	$375K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$78.96
Price spread: −0.104% → +0.030%: −$13.36
Slippage, 4 orders: −$80.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$188.51
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from Bitget: live order book, 34 min ago; MEXC: live order book, 5 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, 34 min ago	6.53 bp	46.6 bp −$47	266.1 bp −$2,661	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.30 bp	3.3 bp −$3	35.7 bp −$357	214.2 bp −$21.4K	508.3 bp −$254.1K

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	−0.1780%	4h	0.003861	−0.052%	$2.0M	$3.1M	25x	as long as short
BingX SOPH-USDT	−0.1666%	4h	0.003864	+0.026%	—	$6.6M	—	as long as short
Binance SOPHUSDT	−0.1476%	4h	0.003858	−0.130%	$5.0M	$12.3M	25x	as long as short
MEXC SOPH_USDTshort	−0.1456%	4h	0.003859	−0.104%	$1.2M	$375K	20x
KuCoin SOPHUSDTM	−0.1130%	4h	0.003860	−0.078%	$834K	$112K	30x	as long as short
Bitget SOPHUSDTlong	−0.1080%	4h	0.003863	long leg	$510K	$572K	25x
OKX SOPH-USDT-SWAP	−0.0915%	4h	0.003859	−0.104%	$859K	$3.7M	10x	as long as short
Gate SOPH_USDT	−0.0274%	4h	0.003862	−0.026%	$628K	$392K	25x	as long as short
Hyperliquid SOPH	−0.0204%	1h	0.003861	−0.052%	$413K	$386K	3x	as long as short