Funding you earn now, next payment 12:00 UTC+0.0591%/8h= +64.7% APRnext payment +$2.95 per $10,000 · paid last 24h +0.027%
Price spread now: OKX against MEXC+0.104%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$490.495% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 7 days−0.078%−$8 · spread now +0.104%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and OKX is 0.119% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.95 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 | 0.003837 | −0.1700 | get 0.0850% / 4h | 3h 38m | $1.2M | $376K | 20x |
| Short | OKX SOPH-USDT-SWAP | 0.003841 | −0.1109 | pay 0.0555% / 4h | 3h 38m | $863K | $3.7M | 10x |
MEXC SOPH_USDT
OKX SOPH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $124.04
- Price spread: +0.104% → −0.015%
- $11.91
- Slippage, 4 orders
- −$35.49
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $86.46
- Costs to cover
- 0.495%
- Break-even
- 2.1 days
Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 1.30 bp | 3.3 bp −$3 | 39.2 bp −$392 | 206.5 bp −$20.6K | 561.6 bp −$280.8K |
| Sell OKX live order book, 4 min ago | 2.61 bp | 17.8 bp −$18 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SOPH-USDT | −0.1906% | 4h | 0.003837 | 0.000% | — | $6.6M | — | as long as short |
| Bybit SOPHUSDT | −0.1813% | 4h | 0.003844 | +0.182% | $2.0M | $3.2M | 25x | as long as short |
| Binance SOPHUSDT | −0.1717% | 4h | 0.003837 | 0.000% | $5.0M | $12.5M | 25x | as long as short |
| MEXC SOPH_USDTlong | −0.1700% | 4h | 0.003837 | long leg | $1.2M | $376K | 20x | |
| KuCoin SOPHUSDTM | −0.1230% | 4h | 0.003834 | −0.078% | $829K | $113K | 30x | as long as short |
| Bitget SOPHUSDT | −0.1224% | 4h | 0.003842 | +0.130% | $508K | $589K | 25x | as long as short |
| OKX SOPH-USDT-SWAPshort | −0.1109% | 4h | 0.003841 | +0.104% | $863K | $3.7M | 10x | |
| Hyperliquid SOPH | −0.0404% | 1h | 0.003836 | −0.026% | $412K | $390K | 3x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.003839 | +0.052% | $623K | $391K | 25x | as long as short |
BingX SOPH-USDT
Bybit SOPHUSDT
Binance SOPHUSDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
Hyperliquid SOPH
Gate SOPH_USDT