Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Gate against Bybit+0.364%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2482.477% of the position
Funding, last 7 days+0.933%+$93 on $10k
+Price spread, last 4 days (all we have)−0.364%−$36 · spread now +0.364%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.394% dearer against Bybit than usual: you sell high and buy low, +$39 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 | Bybit SOPHUSDT | 0.003849 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $2.0M | $2.5M | 25x |
| Short | Gate SOPH_USDT | 0.003863 | 0.0100 | get 0.0050% / 4h | 1h 42m | $630K | $307K | 25x |
Bybit SOPHUSDT
Gate SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.364% → −0.030%
- $39.4
- Slippage, 4 orders
- −$221.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$208.33
- Costs to cover
- 2.477%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 64 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 | 3.90 bp | 34.5 bp −$35 | 335.8 bp −$3,358 | doesn't fit | doesn't fit |
| Sell Gate live order book, 64 min ago | 4.45 bp | 92.3 bp −$92 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SOPH | −0.0286% | 1h | 0.003854 | +0.130% | $409K | $331K | 3x | as long as short |
| BingX SOPH-USDT | +0.0070% | 4h | 0.003860 | +0.286% | — | $6.6M | — | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.003852 | +0.090% | $4.9M | $9.4M | 25x | as long as short |
| Bybit SOPHUSDTlong | +0.0100% | 4h | 0.003849 | long leg | $2.0M | $2.5M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.003848 | −0.026% | $806K | $2.6M | 10x | as long as short |
| Gate SOPH_USDTshort | +0.0100% | 4h | 0.003863 | +0.364% | $630K | $307K | 25x | |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.003852 | +0.078% | $1.1M | $302K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.003854 | +0.130% | $826K | $95K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.003859 | +0.260% | $530K | $401K | 25x | as long as short |
Hyperliquid SOPH
BingX SOPH-USDT
Binance SOPHUSDT
OKX SOPH-USDT-SWAP
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT