Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.062%
Price spread now: Bybit against KuCoin+0.133%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$583as in the Funding arb table
Net, price: spread back to 7d avg − costs−$557as in the Price arb table
costs, in and out, $10k−$5655.647% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.133%, 7d avg +0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.082% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SOPHUSDTM | 0.004518 | 0.0100 | pay 0.0050% / 4h | 49m 38s | $964K | $42K | 30x |
| Short | Bybit SOPHUSDT | 0.004524 | 0.0100 | get 0.0050% / 4h | 49m 38s | $1.8M | $1.1M | 25x |
KuCoin SOPHUSDTM
Bybit SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.133% → +0.051%
- $8.19
- Slippage, 4 orders
- −$541.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$556.56
- Costs to cover
- 5.647%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 20 min ago; Bybit: live order book, 2 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, 20 min ago | 8.89 bp | 227.4 bp −$227 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.11 bp | 19.1 bp −$19 | 97.7 bp −$977 | 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 | 0.004520 | +0.044% | $536K | $160K | 3x | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004523 | +0.111% | $5.4M | $5.7M | 25x | as long as short |
| Bybit SOPHUSDTshort | +0.0100% | 4h | 0.004524 | +0.133% | $1.8M | $1.1M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004521 | +0.066% | $1.0M | $1.6M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004517 | −0.022% | $746K | $188K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004524 | +0.133% | $1.0M | $173K | 20x | as long as short |
| KuCoin SOPHUSDTMlong | +0.0100% | 4h | 0.004518 | long leg | $964K | $42K | 30x | |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004522 | +0.089% | $663K | $232K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004521 | +0.066% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Binance SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
Bitget SOPHUSDT
BingX SOPH-USDT