Funding you earn now, next payment 08:00 UTC+0.1142%/8h= +125.0% APRnext payment +$5.71 per $10,000 · paid last 24h −0.009%
Price spread now: MEXC against BingX+0.052%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.052%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and MEXC is 0.056% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.005%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.007% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.71 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 | −0.1418 | get 0.0709% / 4h | 1h 11m | — | $6.6M | — |
| Short | MEXC SOPH_USDT | 0.003864 | −0.0276 | pay 0.0138% / 4h | 1h 11m | $1.2M | $342K | 20x |
BingX SOPH-USDT
MEXC SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $239.82
- Price spread: +0.052% → −0.005%
- $5.65
- Slippage, 4 orders
- −$18.41
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $213.06
- Costs to cover
- 0.324%
- Break-even
- 0.8 days
Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 5 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, 10 min ago | 5.18 bp | 14.4 bp −$14 | 23.0 bp −$230 | 483.3 bp −$48.3K | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.30 bp | 3.3 bp −$3 | 75.5 bp −$755 | 241.4 bp −$24.1K | 572.8 bp −$286.4K |
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 | −0.1661% | 4h | 0.003864 | +0.052% | $2.0M | $2.8M | 25x | as long as short |
| BingX SOPH-USDTlong | −0.1418% | 4h | 0.003862 | long leg | — | $6.6M | — | |
| Hyperliquid SOPH | −0.0655% | 1h | 0.003862 | 0.000% | $409K | $366K | 3x | as long as short |
| KuCoin SOPHUSDTM | −0.0466% | 4h | 0.003862 | 0.000% | $833K | $106K | 30x | as long as short |
| Binance SOPHUSDT | −0.0311% | 4h | 0.003863 | +0.031% | $5.0M | $11.1M | 25x | as long as short |
| MEXC SOPH_USDTshort | −0.0276% | 4h | 0.003864 | +0.052% | $1.2M | $342K | 20x | |
| Bitget SOPHUSDT | −0.0108% | 4h | 0.003864 | +0.052% | $527K | $496K | 25x | as long as short |
| Gate SOPH_USDT | −0.0052% | 4h | 0.003866 | +0.104% | $635K | $354K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.003856 | −0.155% | $816K | $3.2M | 10x | as long as short |
Bybit SOPHUSDT
Hyperliquid SOPH
KuCoin SOPHUSDTM
Binance SOPHUSDT
Bitget SOPHUSDT
Gate SOPH_USDT
OKX SOPH-USDT-SWAP