SOPH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCSOPH_USDT	0.001642	−0.2684	get 0.1342% / 4h	2h 52m	$307K	$1.5M	20x	Long MEXC
SHORT	Variational OmniSOPHON	0.001648	+0.0100	get 0.0012% / 1h	52m 15s	$20K	$372K	50x	Short Variational Omni+15% pts

Price gap+0.363%

Funding gap+0.2784% /8h

Both sides work: funding pays +$84 a day on $10k, and the gap is 0.477% above its 7d average: +$48 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$44+0.2784% /8h now · paid +0.440% over the last 7D

Price+$48spread +0.363% now, avg −0.114% → +0.477% if it goes back

Costs−$3423.417% of $10k · taker + slippage, in and out

Result−$250−2.50%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.440% in total, about +0.0210%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.363%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOPH on 10 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size13.6 / 130.1 bp
At $10k entering Variational Omni costs 130.1 bp, fee and slippage, 9.5× MEXC’s.
Note: Margin at max leverage$500 + $200
MEXC 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$83.52Long MEXC: 6 payments, +$80.52; short Variational Omni: 24 payments, +$3.00.
OK: Entry gap works for you+0.363% vs −0.114%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$20K vs $307K OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCMEXC Yes · Variational Omni No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0210%/8h × 21 periods+$44.05

Price spread+0.363% → −0.114% (7d avg)+$47.74

Slippage, 4 orderslive order books−$337.74

Fee MEXC bp × 2 orders−$4.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$249.95

Costs to cover3.417%Break-even46.7 days

Slippage: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC3.0613.6 bp−$1452.0 bp−$520230.7 bp−$23.1K521.9 bp−$260.9K

SELL · SHORTVariational Omni12.10130.1 bp−$130248.0 bp−$2,480doesn’t fitdoesn’t fit

Closing costs about the same again.