Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.043%
Price spread now: OKX against Bybit−0.067%7-day average −0.054% · 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−$86as in the Price arb table
costs, in and out, $10k−$850.852% of the position
Funding, last 7 days−0.470%−$47 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.067%, 7d avg −0.054%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOPHUSDT | 0.004507 | 0.0100 | pay 0.0050% / 4h | 3h 10m | $1.8M | $1.0M | 25x |
| Short | OKX SOPH-USDT-SWAP | 0.004504 | 0.0100 | get 0.0050% / 4h | 3h 10m | $999K | $1.5M | 10x |
Bybit SOPHUSDT
OKX SOPH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.067% → −0.054%
- −$1.29
- Slippage, 4 orders
- −$64.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$86.48
- Costs to cover
- 0.852%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: 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, 1 min ago | 2.22 bp | 17.8 bp −$18 | 114.9 bp −$1,149 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.11 bp | 26.8 bp −$27 | 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 | +0.0100% | 1h | 0.004503 | −0.089% | $530K | $165K | 3x | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004501 | −0.130% | $5.4M | $5.5M | 25x | as long as short |
| Bybit SOPHUSDTlong | +0.0100% | 4h | 0.004507 | long leg | $1.8M | $1.0M | 25x | |
| OKX SOPH-USDT-SWAPshort | +0.0100% | 4h | 0.004504 | −0.067% | $999K | $1.5M | 10x | |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004496 | −0.244% | $739K | $168K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004502 | −0.111% | $1.0M | $178K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004491 | −0.355% | $957K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004501 | −0.133% | $660K | $230K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004495 | −0.266% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Binance SOPHUSDT
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT