Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: MEXC against Bitget−0.045%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$800.804% of the position
Funding, last 7 days−0.379%−$38 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.045%, 7d avg +0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.074% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOPHUSDT | 0.004467 | 0.0100 | pay 0.0050% / 4h | 14m 39s | $644K | $218K | 25x |
| Short | MEXC SOPH_USDT | 0.004465 | 0.0100 | get 0.0050% / 4h | 14m 39s | $987K | $182K | 20x |
Bitget SOPHUSDT
MEXC SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.045% → +0.029%
- −$7.4
- Slippage, 4 orders
- −$64.38
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$87.78
- Costs to cover
- 0.804%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 41 min ago; MEXC: live order book, 46 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, 41 min ago | 3.37 bp | 35.8 bp −$36 | 320.1 bp −$3,201 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 46 min ago | 1.12 bp | 3.1 bp −$3 | 27.6 bp −$276 | 211.1 bp −$21.1K | 447.4 bp −$223.7K |
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 | 0.004466 | −0.022% | $520K | $160K | 3x | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004467 | −0.010% | $5.3M | $5.2M | 25x | as long as short |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004463 | −0.090% | $1.8M | $1.1M | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004469 | +0.045% | $967K | $1.5M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004465 | −0.045% | $725K | $153K | 25x | as long as short |
| MEXC SOPH_USDTshort | +0.0100% | 4h | 0.004465 | −0.045% | $987K | $182K | 20x | |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004461 | −0.134% | $947K | $39K | 30x | as long as short |
| Bitget SOPHUSDTlong | +0.0100% | 4h | 0.004467 | long leg | $644K | $218K | 25x | |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004463 | −0.090% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Binance SOPHUSDT
Bybit SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
KuCoin SOPHUSDTM
BingX SOPH-USDT