Funding you earn now, next payment 12:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.042%
Price spread now: Bybit against OKX+0.106%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1011.006% of the position
Funding, last 7 days+0.389%+$39 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.106%, 7d avg +0.050%
=The price spread pays, funding is against you. Bybit is 0.056% dearer against OKX than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.050%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.389%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SOPH-USDT-SWAP | 0.003779 | −0.1536 | get 0.0768% / 4h | 1h 57m | $897K | $3.9M | 10x |
| Short | Bybit SOPHUSDT | 0.003783 | −0.1565 | pay 0.0782% / 4h | 1h 57m | $1.9M | $3.3M | 25x |
OKX SOPH-USDT-SWAP
Bybit SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$5.94
- Price spread: +0.106% → +0.050%
- $5.59
- Slippage, 4 orders
- −$79.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$100.99
- Costs to cover
- 1.006%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago | 1.31 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.31 bp | 29.8 bp −$30 | 133.9 bp −$1,339 | doesn't fit | doesn't fit |
SOPH on 9 exchanges
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 | −0.1863% | 4h | 0.003773 | −0.159% | $5.0M | $13.0M | 25x | as long as short |
| MEXC SOPH_USDT | −0.1862% | 4h | 0.003777 | −0.053% | $1.2M | $410K | 20x | as long as short |
| BingX SOPH-USDT | −0.1790% | 4h | 0.003779 | 0.000% | — | $6.6M | — | as long as short |
| Bybit SOPHUSDTshort | −0.1565% | 4h | 0.003783 | +0.106% | $1.9M | $3.3M | 25x | |
| OKX SOPH-USDT-SWAPlong | −0.1536% | 4h | 0.003779 | long leg | $897K | $3.9M | 10x | |
| Bitget SOPHUSDT | −0.1460% | 4h | 0.003774 | −0.132% | $499K | $623K | 25x | as long as short |
| KuCoin SOPHUSDTM | −0.1294% | 4h | 0.003788 | +0.238% | $817K | $110K | 30x | as long as short |
| Hyperliquid SOPH | −0.0549% | 1h | 0.003778 | −0.026% | $400K | $369K | 3x | as long as short |
| Gate SOPH_USDT | −0.0214% | 4h | 0.003778 | −0.026% | $613K | $389K | 25x | as long as short |
Binance SOPHUSDT
MEXC SOPH_USDT
BingX SOPH-USDT
Bitget SOPHUSDT
KuCoin SOPHUSDTM
Hyperliquid SOPH
Gate SOPH_USDT