SOPH

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniSOPHON	0.001999	−0.4183	get 0.0523% / 1h	58m 35s	$35K	$312K	50x	Long Variational Omni+15% pts
SHORT	MEXCSOPH_USDT	0.002016	−0.1836	pay 0.0918% / 4h	3h 58m	$346K	$1.4M	20x	Short MEXC

Price gap+0.833%

Funding gap+0.2347% /8h

Both sides work: funding pays +$70 a day on $10k, and the gap is 0.725% above its 7d average: +$72 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$30+0.2347% /8h now · paid −0.299% over the last 7D

Price+$72spread +0.833% now, avg +0.108% → +0.725% if it goes back

Costs−$1451.451% of $10k · taker + slippage, in and out

Result−$102−1.02%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.299% in total, about −0.0142%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.833%

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

2 ok · 4 to watch

Watch: Thin at this size56.6 / 13.1 bp
At $10k entering Variational Omni costs 56.6 bp, fee and slippage, 4.3× MEXC’s.
Note: Margin at max leverage$200 + $500
Variational Omni 50x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$70.42Long Variational Omni: 24 payments, +$125.50; short MEXC: 6 payments, −$55.08.
OK: Entry gap works for you+0.833% vs +0.108%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$35K vs $346K OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCVariational Omni No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0142%/8h × 21 periods−$29.87

Price spread+0.833% → +0.108% (7d avg)+$72.48

Slippage, 4 orderslive order books−$141.06

Fee Variational Omni bp × 2 orders$0.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$102.45

Costs to cover1.451%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 24 min ago; MEXC: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni14.7656.6 bp−$5798.4 bp−$984doesn’t fitdoesn’t fit

SELL · SHORTMEXC5.0313.1 bp−$1335.3 bp−$353223.9 bp−$22.4K514.9 bp−$257.5K

Closing costs about the same again.