Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.022%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.022%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SOPH_USDT | 0.004492 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $993K | $176K | 20x |
| Short | Binance SOPHUSDT | 0.004491 | 0.0100 | get 0.0050% / 4h | 3h 30m | $5.3M | $5.1M | 25x |
MEXC SOPH_USDT
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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: −0.022% → 0.000%
- −$2.22
- Slippage, 4 orders
- −$27.14
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.36
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 25 min ago; Binance: live order book, 7 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 MEXC live order book, 25 min ago | 2.23 bp | 4.2 bp −$4 | 30.6 bp −$306 | 203.0 bp −$20.3K | 494.1 bp −$247.1K |
| Sell Binance live order book, 7 min ago | 1.11 bp | 17.7 bp −$18 | 67.4 bp −$674 | 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 | 0.004488 | −0.089% | $522K | $158K | 3x | as long as short |
| Binance SOPHUSDTshort | +0.0100% | 4h | 0.004491 | −0.022% | $5.3M | $5.1M | 25x | |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004491 | −0.022% | $1.8M | $1.1M | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004488 | −0.089% | $965K | $1.4M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004488 | −0.089% | $729K | $151K | 25x | as long as short |
| MEXC SOPH_USDTlong | +0.0100% | 4h | 0.004492 | long leg | $993K | $176K | 20x | |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004486 | −0.134% | $952K | $38K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004490 | −0.045% | $646K | $217K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004490 | −0.045% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Bybit SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT