Funding you earn now, next payment 12:00 UTC−0.0718%/8h= −78.7% APRnext payment −$3.59 per $10,000 · paid last 24h +0.015%
Price spread now: BingX against OKX−0.078%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.078%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and BingX is 0.098% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.59 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 | OKX SOPH-USDT-SWAP | 0.003867 | −0.0948 | get 0.0474% / 4h | 3h 59m | $860K | $3.7M | 10x |
| Short | BingX SOPH-USDT | 0.003864 | −0.1666 | pay 0.0833% / 4h | 3h 59m | — | $6.6M | — |
OKX SOPH-USDT-SWAP
BingX SOPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$150.84
- Price spread: −0.078% → +0.021%
- −$9.85
- Slippage, 4 orders
- −$46.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$227.68
- Costs to cover
- 0.670%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; BingX: 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 OKX live order book, 3 min ago | 2.60 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 3.90 bp | 12.6 bp −$13 | 22.5 bp −$225 | 636.1 bp −$63.6K | 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-USDTshort | −0.1666% | 4h | 0.003864 | −0.078% | — | $6.6M | — | |
| Binance SOPHUSDT | −0.1491% | 4h | 0.003864 | −0.082% | $5.0M | $12.3M | 25x | as long as short |
| MEXC SOPH_USDT | −0.1476% | 4h | 0.003864 | −0.078% | $1.2M | $371K | 20x | as long as short |
| KuCoin SOPHUSDTM | −0.1130% | 4h | 0.003863 | −0.103% | $836K | $113K | 30x | as long as short |
| Bitget SOPHUSDT | −0.1096% | 4h | 0.003862 | −0.129% | $509K | $573K | 25x | as long as short |
| OKX SOPH-USDT-SWAPlong | −0.0948% | 4h | 0.003867 | long leg | $860K | $3.7M | 10x | |
| Gate SOPH_USDT | −0.0272% | 4h | 0.003863 | −0.103% | $628K | $381K | 25x | as long as short |
| Hyperliquid SOPH | +0.0100% | 1h | 0.003861 | −0.155% | $416K | $389K | 3x | as long as short |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.003867 | 0.000% | $2.0M | $3.1M | 25x | as long as short |
Binance SOPHUSDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
Gate SOPH_USDT
Hyperliquid SOPH
Bybit SOPHUSDT