Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: MEXC against Gate+0.023%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1761.763% of the position
Funding, last 7 days−1.259%−$126 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.023%, 7d avg +0.021%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOPH_USDT | 0.004407 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $713K | $156K | 25x |
| Short | MEXC SOPH_USDT | 0.004408 | 0.0100 | get 0.0050% / 4h | 2h 21m | $960K | $177K | 20x |
Gate SOPH_USDT
MEXC SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.023% → +0.021%
- $0.13
- Slippage, 4 orders
- −$157.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$176.13
- Costs to cover
- 1.763%
- Break-even
- never at this rate
Slippage from Gate: live order book, 25 min ago; MEXC: live order book, 30 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, 25 min ago | 4.45 bp | 77.7 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 30 min ago | 1.11 bp | 3.1 bp −$3 | 18.8 bp −$188 | 185.6 bp −$18.6K | 527.7 bp −$263.9K |
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 | 0.004408 | +0.023% | $509K | $159K | 3x | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004407 | 0.000% | $5.2M | $5.1M | 25x | as long as short |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004408 | +0.023% | $1.8M | $1.0M | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004410 | +0.068% | $963K | $1.4M | 10x | as long as short |
| Gate SOPH_USDTlong | +0.0100% | 4h | 0.004407 | long leg | $713K | $156K | 25x | |
| MEXC SOPH_USDTshort | +0.0100% | 4h | 0.004408 | +0.023% | $960K | $177K | 20x | |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004400 | −0.159% | $935K | $39K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004407 | 0.000% | $632K | $205K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004408 | +0.023% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Binance SOPHUSDT
Bybit SOPHUSDT
OKX SOPH-USDT-SWAP
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT