Funding you earn now, next payment 08:00 UTC+0.0954%/8h= +104.5% APRnext payment +$4.77 per $10,000 · paid last 24h −0.012%
Price spread now: KuCoin against BingX+0.026%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$700as in the Funding arb table
Net, price: spread back to 7d avg − costs−$736as in the Price arb table
costs, in and out, $10k−$7437.432% of the position
Funding, last 7 days+0.427%+$43 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.026%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and KuCoin is 0.067% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.041%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.427% in total (about 22.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.77 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 | BingX SOPH-USDT | 0.003862 | −0.1618 | get 0.0809% / 4h | 58m 16s | — | $6.6M | — |
| Short | KuCoin SOPHUSDTM | 0.003863 | −0.0664 | pay 0.0332% / 4h | 58m 16s | $835K | $107K | 30x |
BingX SOPH-USDT
KuCoin SOPHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- $200.34
- Price spread: +0.026% → −0.041%
- $6.72
- Slippage, 4 orders
- −$721.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$536.15
- Costs to cover
- 7.432%
- Break-even
- 25.7 days
Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 36 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 BingX live order book, 9 min ago | 3.87 bp | 13.2 bp −$13 | 24.5 bp −$245 | 509.5 bp −$50.9K | doesn't fit |
| Sell KuCoin live order book, 36 min ago | 10.41 bp | 266.5 bp −$266 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOPHUSDT | −0.1854% | 4h | 0.003862 | 0.000% | $2.0M | $2.9M | 25x | as long as short |
| BingX SOPH-USDTlong | −0.1618% | 4h | 0.003862 | long leg | — | $6.6M | — | |
| Hyperliquid SOPH | −0.1184% | 1h | 0.003858 | −0.104% | $408K | $373K | 3x | as long as short |
| KuCoin SOPHUSDTMshort | −0.0664% | 4h | 0.003863 | +0.026% | $835K | $107K | 30x | |
| Binance SOPHUSDT | −0.0635% | 4h | 0.003862 | −0.006% | $5.0M | $11.4M | 25x | as long as short |
| MEXC SOPH_USDT | −0.0634% | 4h | 0.003861 | −0.026% | $1.2M | $349K | 20x | as long as short |
| Bitget SOPHUSDT | −0.0384% | 4h | 0.003859 | −0.078% | $514K | $531K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | −0.0130% | 4h | 0.003859 | −0.078% | $817K | $3.4M | 10x | as long as short |
| Gate SOPH_USDT | −0.0088% | 4h | 0.003863 | +0.026% | $627K | $374K | 25x | as long as short |
Bybit SOPHUSDT
Hyperliquid SOPH
Binance SOPHUSDT
MEXC SOPH_USDT
Bitget SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT