Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: MEXC against Bybit−0.045%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.045%, 7d avg −0.035%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOPHUSDT | 0.004478 | 0.0100 | pay 0.0050% / 4h | 1h 27m | $1.8M | $1.0M | 25x |
| Short | MEXC SOPH_USDT | 0.004476 | 0.0100 | get 0.0050% / 4h | 1h 27m | $996K | $179K | 20x |
Bybit SOPHUSDT
MEXC SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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% → −0.035%
- −$0.94
- Slippage, 4 orders
- −$27.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$43.82
- Costs to cover
- 0.429%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 9 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 Bybit live order book, 4 min ago | 2.23 bp | 16.2 bp −$16 | 540.6 bp −$5,406 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 9 min ago | 1.12 bp | 3.1 bp −$3 | 19.7 bp −$197 | 192.2 bp −$19.2K | 447.7 bp −$223.8K |
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 | 0.004477 | −0.022% | $524K | $164K | 3x | as long as short |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004478 | 0.000% | $5.4M | $5.4M | 25x | as long as short |
| Bybit SOPHUSDTlong | +0.0100% | 4h | 0.004478 | long leg | $1.8M | $1.0M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004475 | −0.067% | $991K | $1.5M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004479 | +0.022% | $729K | $165K | 25x | as long as short |
| MEXC SOPH_USDTshort | +0.0100% | 4h | 0.004476 | −0.045% | $996K | $179K | 20x | |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004473 | −0.112% | $950K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004478 | 0.000% | $647K | $229K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004474 | −0.089% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Binance SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT