Funding you earn now, next payment 09:00 UTC−0.0942%/8h= −103.2% APRpaid last 24h −0.045%
Price spread now: Bitget against Hyperliquid+0.026%7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.658%−$66 on $10k
+Price spread, last 4 days (all we have)+0.473%+$47 · spread now +0.026%, 7d avg +0.059%
=Together, before fees−0.185%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Bitget is 0.033% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.658% in total (about -34.3% a year). A funding rate is set anew for every payment. 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 | Hyperliquid SOPH | 0.003847 | −0.0320 | get 0.0040% / 1h | 23m 11s | $413K | $391K | 3x |
| Short | Bitget SOPHUSDT | 0.003848 | −0.1262 | pay 0.0631% / 4h | 3h 23m | $511K | $597K | 25x |
Hyperliquid SOPH
Bitget SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hyperliquid. 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
- −$197.91
- Price spread: +0.026% → +0.059%
- −$3.35
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$222.26
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 26 min ago; Bitget: live order book, 7 min ago. Net counts fees only.
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 Hyperliquid live order book, 26 min ago | 5.21 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 5.23 bp | 38.3 bp −$38 | 253.2 bp −$2,532 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SOPHUSDT | −0.1820% | 4h | 0.003851 | +0.117% | $5.1M | $12.7M | 25x | as long as short |
| MEXC SOPH_USDT | −0.1820% | 4h | 0.003850 | +0.078% | $1.2M | $383K | 20x | as long as short |
| BingX SOPH-USDT | −0.1728% | 4h | 0.003852 | +0.130% | — | $6.6M | — | as long as short |
| KuCoin SOPHUSDTM | −0.1276% | 4h | 0.003847 | 0.000% | $832K | $110K | 30x | as long as short |
| Bitget SOPHUSDTshort | −0.1262% | 4h | 0.003848 | +0.026% | $511K | $597K | 25x | |
| OKX SOPH-USDT-SWAP | −0.1232% | 4h | 0.003849 | +0.052% | $867K | $3.8M | 10x | as long as short |
| Bybit SOPHUSDT | −0.0984% | 4h | 0.003854 | +0.182% | $1.9M | $3.2M | 25x | as long as short |
| Hyperliquid SOPHlong | −0.0320% | 1h | 0.003847 | long leg | $413K | $391K | 3x | |
| Gate SOPH_USDT | −0.0008% | 4h | 0.003851 | +0.104% | $625K | $393K | 25x | as long as short |
Binance SOPHUSDT
MEXC SOPH_USDT
BingX SOPH-USDT
KuCoin SOPHUSDTM
OKX SOPH-USDT-SWAP
Bybit SOPHUSDT
Gate SOPH_USDT