Funding you earn now, next payment 08:00 UTC+0.0787%/8h= +86.2% APRnext payment +$3.94 per $10,000 · paid last 24h −0.009%
Price spread now: KuCoin against Bybit+0.156%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$517as in the Funding arb table
Net, price: spread back to 7d avg − costs−$505as in the Price arb table
costs, in and out, $10k−$5265.259% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.156%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and KuCoin is 0.209% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.053%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOPHUSDT | 0.003850 | −0.1761 | get 0.0881% / 4h | 22m 35s | $2.0M | $3.1M | 25x |
| Short | KuCoin SOPHUSDTM | 0.003856 | −0.0974 | pay 0.0487% / 4h | 22m 35s | $833K | $112K | 30x |
Bybit SOPHUSDT
KuCoin SOPHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $165.32
- Price spread: +0.156% → −0.053%
- $20.88
- Slippage, 4 orders
- −$502.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$339.72
- Costs to cover
- 5.259%
- Break-even
- 21.4 days
Slippage from Bybit: live order book, 10 min ago; KuCoin: live order book, 2 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, 10 min ago | 3.90 bp | 27.0 bp −$27 | 123.6 bp −$1,236 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 7.79 bp | 212.5 bp −$213 | 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 SOPHUSDTlong | −0.1761% | 4h | 0.003850 | long leg | $2.0M | $3.1M | 25x | |
| BingX SOPH-USDT | −0.1688% | 4h | 0.003848 | −0.052% | — | $6.6M | — | as long as short |
| Binance SOPHUSDT | −0.1206% | 4h | 0.003845 | −0.124% | $5.0M | $12.1M | 25x | as long as short |
| MEXC SOPH_USDT | −0.1176% | 4h | 0.003845 | −0.130% | $1.2M | $363K | 20x | as long as short |
| KuCoin SOPHUSDTMshort | −0.0974% | 4h | 0.003856 | +0.156% | $833K | $112K | 30x | |
| Bitget SOPHUSDT | −0.0838% | 4h | 0.003843 | −0.182% | $509K | $562K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | −0.0588% | 4h | 0.003846 | −0.104% | $850K | $3.6M | 10x | as long as short |
| Hyperliquid SOPH | −0.0317% | 1h | 0.003846 | −0.104% | $409K | $381K | 3x | as long as short |
| Gate SOPH_USDT | −0.0204% | 4h | 0.003846 | −0.104% | $623K | $385K | 25x | as long as short |
BingX SOPH-USDT
Binance SOPHUSDT
MEXC SOPH_USDT
Bitget SOPHUSDT
OKX SOPH-USDT-SWAP
Hyperliquid SOPH
Gate SOPH_USDT