Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against Gate+0.021%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2102.102% of the position
Funding, last 7 days−1.301%−$130 on $10k
+Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.021%, 7d avg +0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOPH_USDT | 0.004477 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $729K | $163K | 25x |
| Short | Binance SOPHUSDT | 0.004478 | 0.0100 | get 0.0050% / 4h | 1h 43m | $5.4M | $5.5M | 25x |
Gate SOPH_USDT
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: +0.021% → +0.020%
- $0.07
- Slippage, 4 orders
- −$185.15
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$210.08
- Costs to cover
- 2.102%
- Break-even
- never at this rate
Slippage from Gate: live order book, 19 min ago; Binance: live order book, 10 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 Gate live order book, 19 min ago | 3.35 bp | 87.4 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.11 bp | 19.8 bp −$20 | 68.9 bp −$689 | 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 | 0.004478 | +0.022% | $524K | $166K | 3x | as long as short |
| Binance SOPHUSDTshort | +0.0100% | 4h | 0.004478 | +0.021% | $5.4M | $5.5M | 25x | |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004476 | −0.022% | $1.8M | $1.0M | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004478 | +0.022% | $990K | $1.5M | 10x | as long as short |
| Gate SOPH_USDTlong | +0.0100% | 4h | 0.004477 | long leg | $729K | $163K | 25x | |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004475 | −0.045% | $1.0M | $175K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004470 | −0.156% | $950K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004477 | 0.000% | $645K | $228K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004475 | −0.045% | — | $6.5M | — | as long as short |
Hyperliquid SOPH
Bybit SOPHUSDT
OKX SOPH-USDT-SWAP
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT