Funding you earn now, next payment 12:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.74 per $10,000 · paid last 24h +0.010%
Price spread now: OKX against KuCoin−0.156%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$571as in the Funding arb table
Net, price: spread back to 7d avg − costs−$533as in the Price arb table
costs, in and out, $10k−$5165.163% of the position
Funding, last 7 days−0.550%−$55 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.156%, 7d avg +0.008%
=Funding pays, the price is against you. OKX is 0.165% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of +0.008%). If the spread goes back, that is −$16 on $10k: about 3.7 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.550%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SOPHUSDTM | 0.003838 | −0.1210 | get 0.0605% / 4h | 3h 43m | $830K | $113K | 30x |
| Short | OKX SOPH-USDT-SWAP | 0.003832 | −0.1063 | pay 0.0531% / 4h | 3h 43m | $863K | $3.7M | 10x |
KuCoin SOPHUSDTM
OKX SOPH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $30.89
- Price spread: −0.156% → +0.008%
- −$16.46
- Slippage, 4 orders
- −$494.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$501.9
- Costs to cover
- 5.163%
- Break-even
- 120.7 days
Slippage from KuCoin: live order book, 40 min ago; OKX: live order book, 4 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, 40 min ago | 7.79 bp | 258.7 bp −$259 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.61 bp | 22.5 bp −$23 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOPHUSDT | −0.2006% | 4h | 0.003836 | −0.052% | $1.9M | $3.2M | 25x | as long as short |
| Binance SOPHUSDT | −0.1663% | 4h | 0.003833 | −0.130% | $5.0M | $12.5M | 25x | as long as short |
| MEXC SOPH_USDT | −0.1650% | 4h | 0.003832 | −0.156% | $1.2M | $376K | 20x | as long as short |
| BingX SOPH-USDT | −0.1538% | 4h | 0.003833 | −0.130% | — | $6.6M | — | as long as short |
| KuCoin SOPHUSDTMlong | −0.1210% | 4h | 0.003838 | long leg | $830K | $113K | 30x | |
| Bitget SOPHUSDT | −0.1184% | 4h | 0.003834 | −0.104% | $510K | $587K | 25x | as long as short |
| OKX SOPH-USDT-SWAPshort | −0.1063% | 4h | 0.003832 | −0.156% | $863K | $3.7M | 10x | |
| Hyperliquid SOPH | −0.0477% | 1h | 0.003833 | −0.130% | $412K | $391K | 3x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.003833 | −0.130% | $623K | $389K | 25x | as long as short |
Bybit SOPHUSDT
Binance SOPHUSDT
MEXC SOPH_USDT
BingX SOPH-USDT
Bitget SOPHUSDT
Hyperliquid SOPH
Gate SOPH_USDT