Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against OKX−0.010%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$850.849% of the position
Funding, last 7 days+0.154%+$15 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.010%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.027% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SOPH-USDT-SWAP | 0.004483 | 0.0100 | pay 0.0050% / 4h | 3h 10m | $971K | $1.5M | 10x |
| Short | Binance SOPHUSDT | 0.004483 | 0.0100 | get 0.0050% / 4h | 3h 10m | $5.3M | $5.1M | 25x |
OKX SOPH-USDT-SWAP
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: −0.010% → +0.017%
- −$2.71
- Slippage, 4 orders
- −$64.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$87.57
- Costs to cover
- 0.849%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 12 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 OKX live order book, 1 min ago | 2.23 bp | 33.1 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.12 bp | 14.1 bp −$14 | 61.5 bp −$615 | 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 | 0.004480 | −0.067% | $520K | $158K | 3x | as long as short |
| Binance SOPHUSDTshort | +0.0100% | 4h | 0.004483 | −0.010% | $5.3M | $5.1M | 25x | |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004480 | −0.067% | $1.8M | $1.1M | 25x | as long as short |
| OKX SOPH-USDT-SWAPlong | +0.0100% | 4h | 0.004483 | long leg | $971K | $1.5M | 10x | |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004481 | −0.045% | $727K | $152K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004484 | +0.022% | $990K | $178K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004478 | −0.112% | $952K | $39K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004482 | −0.022% | $644K | $209K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004481 | −0.045% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Bybit SOPHUSDT
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT