Funding you earn now, next payment 08:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.57 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against Bybit+0.026%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$840.837% of the position
Funding, last 7 days−0.333%−$33 on $10k
+Price spread, last 7 days−0.095%−$10 · spread now +0.026%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.055% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOPHUSDT | 0.003857 | −0.1780 | get 0.0890% / 4h | 1m 27s | $2.0M | $3.1M | 25x |
| Short | BingX SOPH-USDT | 0.003858 | −0.1666 | pay 0.0833% / 4h | 1m 27s | — | $6.6M | — |
Bybit SOPHUSDT
BingX SOPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $23.9
- Price spread: +0.026% → −0.029%
- $5.52
- Slippage, 4 orders
- −$62.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$54.23
- Costs to cover
- 0.837%
- Break-even
- 22.9 days
Slippage from Bybit: live order book, 1 min ago; BingX: 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 Bybit live order book, 1 min ago | 1.30 bp | 29.6 bp −$30 | 139.5 bp −$1,395 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 3.90 bp | 12.6 bp −$13 | 22.5 bp −$225 | 636.1 bp −$63.6K | 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 SOPHUSDTlong | −0.1780% | 4h | 0.003857 | long leg | $2.0M | $3.1M | 25x | |
| BingX SOPH-USDTshort | −0.1666% | 4h | 0.003858 | +0.026% | — | $6.6M | — | |
| Binance SOPHUSDT | −0.1476% | 4h | 0.003854 | −0.078% | $5.0M | $12.3M | 25x | as long as short |
| MEXC SOPH_USDT | −0.1456% | 4h | 0.003855 | −0.052% | $1.2M | $375K | 20x | as long as short |
| KuCoin SOPHUSDTM | −0.1130% | 4h | 0.003863 | +0.156% | $835K | $112K | 30x | as long as short |
| Bitget SOPHUSDT | −0.1080% | 4h | 0.003854 | −0.078% | $508K | $572K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | −0.0915% | 4h | 0.003855 | −0.052% | $857K | $3.7M | 10x | as long as short |
| Gate SOPH_USDT | −0.0274% | 4h | 0.003857 | 0.000% | $627K | $391K | 25x | as long as short |
| Hyperliquid SOPH | −0.0203% | 1h | 0.003853 | −0.104% | $412K | $386K | 3x | as long as short |
Binance SOPHUSDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
Hyperliquid SOPH