Settings8H · net · $10k
My profile
Funding arb · Price arb / Crypto

SOPH

All SOPH markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotSOPH-USDT
0.001357spotno funding——$272K1xBuy OKX Spot
SHORT
OKXSOPH-USDT-SWAP
0.001352−0.0239pay 0.0119% / 4h2h 02m$529K$2.0M10xShort OKX
Price gap−0.405%
Funding gap−0.0239% /8h

Both sides work against this pair now: funding costs $7 a day on $10k and the gap is 0.240% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$297−0.0239% /8h now · paid −2.970% over the last 7D
Price−$24spread −0.405% now, avg −0.166% → −0.240% if it goes back
Costs−$1,03510.351% of $10k · taker + slippage, in and out
Result−$1,356−13.56%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.405%
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

1 ok · 4 to watch
  • Watch: Thin at this size559.1 / 55.5 bp
    At $10k entering OKX Spot costs 559.1 bp, fee and slippage, 10.1× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; OKX runs at up to 10x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; OKX settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$7.16Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$7.16.
  • Watch: Gap narrower than usual−0.405% vs −0.166%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$529K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Spot Yes · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.1414%/8h × 21 periods−$297.03
Price spread−0.405% → −0.166% (7d avg)−$23.96
Slippage, 4 orderslive order books−$1,005.10
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$1,356.09
Costs to cover10.351%Break-evennever at this rate
Slippage: OKX Spot: live order book, 42 min ago; OKX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot7.51559.1 bp−$559doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX7.3955.5 bp−$55doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert