Funding you earn now, next payment 12:00 UTC+0.0967%/8h= +105.8% APRnext payment +$4.83 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against MEXC+0.104%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$640.639% of the position
Funding, last 7 days+0.273%+$27 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now +0.104%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Bybit is 0.068% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.035%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.273% in total (about 14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.83 per $10,000. 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 | MEXC SOPH_USDT | 0.003860 | −0.1808 | get 0.0904% / 4h | 3h 19m | $1.2M | $384K | 20x |
| Short | Bybit SOPHUSDT | 0.003864 | −0.0841 | pay 0.0421% / 4h | 3h 19m | $1.9M | $3.2M | 25x |
MEXC SOPH_USDT
Bybit SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $202.98
- Price spread: +0.104% → +0.035%
- $6.84
- Slippage, 4 orders
- −$48.93
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $145.88
- Costs to cover
- 0.639%
- Break-even
- 2.0 days
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 1.29 bp | 3.3 bp −$3 | 26.8 bp −$268 | 185.1 bp −$18.5K | 487.7 bp −$243.9K |
| Sell Bybit live order book, 3 min ago | 1.30 bp | 23.8 bp −$24 | 176.2 bp −$1,762 | 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 | −0.1810% | 4h | 0.003860 | +0.005% | $5.1M | $12.6M | 25x | as long as short |
| MEXC SOPH_USDTlong | −0.1808% | 4h | 0.003860 | long leg | $1.2M | $384K | 20x | |
| BingX SOPH-USDT | −0.1730% | 4h | 0.003861 | +0.026% | — | $6.6M | — | as long as short |
| KuCoin SOPHUSDTM | −0.1284% | 4h | 0.003861 | +0.026% | $834K | $109K | 30x | as long as short |
| Bitget SOPHUSDT | −0.1242% | 4h | 0.003859 | −0.026% | $511K | $596K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | −0.1233% | 4h | 0.003857 | −0.078% | $868K | $3.8M | 10x | as long as short |
| Bybit SOPHUSDTshort | −0.0841% | 4h | 0.003864 | +0.104% | $1.9M | $3.2M | 25x | |
| Hyperliquid SOPH | −0.0318% | 1h | 0.003857 | −0.078% | $413K | $394K | 3x | as long as short |
| Gate SOPH_USDT | +0.0088% | 4h | 0.003861 | +0.026% | $628K | $395K | 25x | as long as short |
Binance SOPHUSDT
BingX SOPH-USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
OKX SOPH-USDT-SWAP
Hyperliquid SOPH
Gate SOPH_USDT