Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.034%
Price spread now: Binance against Bybit0.000%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days−0.242%−$24 on $10k
+Price spread, last 7 days−0.092%−$9 · spread now 0.000%, 7d avg −0.038%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.038% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOPHUSDT | 0.004500 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $1.8M | $1.1M | 25x |
| Short | Binance SOPHUSDT | 0.004500 | 0.0100 | get 0.0050% / 4h | 1h 22m | $5.4M | $5.7M | 25x |
Bybit SOPHUSDT
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: 0.000% → −0.038%
- $3.83
- Slippage, 4 orders
- −$46.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$63.5
- Costs to cover
- 0.673%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago | 1.11 bp | 18.8 bp −$19 | 138.7 bp −$1,387 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.11 bp | 17.3 bp −$17 | 68.3 bp −$683 | 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 | 0.004498 | −0.044% | $535K | $158K | 3x | as long as short |
| Binance SOPHUSDTshort | +0.0100% | 4h | 0.004500 | 0.000% | $5.4M | $5.7M | 25x | |
| Bybit SOPHUSDTlong | +0.0100% | 4h | 0.004500 | long leg | $1.8M | $1.1M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004497 | −0.067% | $998K | $1.6M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004498 | −0.044% | $744K | $198K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004498 | −0.044% | $1.0M | $176K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004494 | −0.133% | $958K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004497 | −0.067% | $660K | $232K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004499 | −0.022% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT