Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against Bitget−0.157%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1031.031% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.157%, 7d avg +0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.188% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOPHUSDT | 0.004471 | 0.0100 | pay 0.0050% / 4h | 22m 18s | $645K | $219K | 25x |
| Short | BingX SOPH-USDT | 0.004464 | 0.0100 | get 0.0050% / 4h | 22m 18s | — | $6.6M | — |
Bitget SOPHUSDT
BingX SOPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- $0
- Price spread: −0.157% → +0.032%
- −$18.82
- Slippage, 4 orders
- −$81.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$121.88
- Costs to cover
- 1.031%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 33 min ago; BingX: live order book, 14 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 Bitget live order book, 33 min ago | 3.37 bp | 35.8 bp −$36 | 320.1 bp −$3,201 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 4.51 bp | 12.4 bp −$12 | 24.6 bp −$246 | 628.1 bp −$62.8K | 1368.7 bp −$684.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SOPH | +0.0100% | 1h | 0.004468 | −0.067% | $520K | $160K | 3x | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004467 | −0.089% | $5.3M | $5.2M | 25x | as long as short |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004468 | −0.067% | $1.8M | $1.1M | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004467 | −0.089% | $971K | $1.5M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004465 | −0.134% | $725K | $153K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004468 | −0.067% | $988K | $181K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004461 | −0.224% | $948K | $39K | 30x | as long as short |
| Bitget SOPHUSDTlong | +0.0100% | 4h | 0.004471 | long leg | $645K | $219K | 25x | |
| BingX SOPH-USDTshort | +0.0100% | 4h | 0.004464 | −0.157% | — | $6.6M | — |
Hyperliquid SOPH
Binance SOPHUSDT
Bybit SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM