Funding you earn now, next payment 12:00 UTC−0.0449%/8h= −49.2% APRnext payment −$2.25 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against KuCoin+0.185%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$797as in the Funding arb table
Net, price: spread back to 7d avg − costs−$740as in the Price arb table
costs, in and out, $10k−$7547.543% of the position
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.185%, 7d avg +0.037%
=The price spread pays, funding is against you. Binance is 0.148% dearer against KuCoin than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of +0.037%): +$15 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.424% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SOPHUSDTM | 0.003785 | −0.1648 | get 0.0824% / 4h | 50m 56s | $819K | $113K | 30x |
| Short | Binance SOPHUSDT | 0.003792 | −0.2097 | pay 0.1049% / 4h | 50m 56s | $5.2M | $13.6M | 25x |
KuCoin SOPHUSDTM
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$94.36
- Price spread: +0.185% → +0.037%
- $14.76
- Slippage, 4 orders
- −$732.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$833.89
- Costs to cover
- 7.543%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 46 min ago; Binance: live order book, 12 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 KuCoin live order book, 46 min ago | 9.27 bp | 488.1 bp −$488 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.62 bp | 15.1 bp −$15 | 76.9 bp −$769 | doesn't fit | doesn't fit |
SOPH on 9 exchanges
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 SOPHUSDT | −0.2619% | 4h | 0.003792 | +0.185% | $1.8M | $3.6M | 25x | as long as short |
| BingX SOPH-USDT | −0.2424% | 4h | 0.003791 | +0.159% | — | $6.6M | — | as long as short |
| Binance SOPHUSDTshort | −0.2097% | 4h | 0.003792 | +0.185% | $5.2M | $13.6M | 25x | |
| MEXC SOPH_USDT | −0.2074% | 4h | 0.003793 | +0.211% | $1.2M | $424K | 20x | as long as short |
| OKX SOPH-USDT-SWAP | −0.2055% | 4h | 0.003790 | +0.132% | $914K | $4.0M | 10x | as long as short |
| Bitget SOPHUSDT | −0.1666% | 4h | 0.003789 | +0.106% | $507K | $639K | 25x | as long as short |
| KuCoin SOPHUSDTMlong | −0.1648% | 4h | 0.003785 | long leg | $819K | $113K | 30x | |
| Gate SOPH_USDT | −0.0568% | 4h | 0.003788 | +0.079% | $624K | $415K | 25x | as long as short |
| Hyperliquid SOPH | +0.0100% | 1h | 0.003790 | +0.132% | $415K | $366K | 3x | as long as short |
Bybit SOPHUSDT
BingX SOPH-USDT
MEXC SOPH_USDT
OKX SOPH-USDT-SWAP
Bitget SOPHUSDT
Gate SOPH_USDT
Hyperliquid SOPH