Settings8H · net · $10k
Funding arb · Price arb /

SOPH

all SOPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.112%
Price spread now: Hyperliquid against OKX+0.067%7-day average −0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.178%+$118 on $10k
Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.067%, 7d avg −0.060%
Together, before fees+0.962%+ Points / potential airdropHyperliquid: Season 2 · farm board+$96 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.127% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SOPH-USDT-SWAP0.0045030.0100pay 0.0050% / 4h2h 38m$996K$1.6M10x
ShortHyperliquid SOPH0.0045060.0100get 0.0013% / 1h38m 57s$536K$158K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.067% → −0.060%
$12.66
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$6.34
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 3 min ago; Hyperliquid: live order book, 45 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago2.22 bp42.1 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 45 min ago3.33 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SOPH on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid SOPHshort+0.0100%1h0.004506+0.067%$536K$158K3x
Binance SOPHUSDT+0.0100%4h0.004506+0.075%$5.4M$5.7M25xas long as short
Bybit SOPHUSDT+0.0100%4h0.004505+0.044%$1.8M$1.1M25xas long as short
OKX SOPH-USDT-SWAPlong+0.0100%4h0.004503long leg$996K$1.6M10x
Gate SOPH_USDT+0.0100%4h0.004509+0.133%$746K$197K25xas long as short
MEXC SOPH_USDT+0.0100%4h0.004505+0.044%$1.0M$171K20xas long as short
KuCoin SOPHUSDTM+0.0100%4h0.004505+0.044%$960K$42K30xas long as short
Bitget SOPHUSDT+0.0100%4h0.004505+0.044%$665K$229K25xas long as short
BingX SOPH-USDT+0.0100%4h0.0045030.000%$6.6Mas long as short