Settings8H · net · $10k
Funding arb · Price arb /

SOPH

all SOPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%
Price spread now: BingX against Hyperliquid−0.133%7-day average +0.097% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.934%−$93 on $10k
Price spread, last 4 days (all we have)+0.449%+$45 · spread now −0.133%, 7d avg +0.097%
Together, before fees−0.485%+ Points / potential airdropHyperliquid: Season 2 · farm board−$48 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.230% cheaper against Hyperliquid than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.097%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SOPH0.0044970.0100pay 0.0013% / 1h28m 45s$534K$158K3x
ShortBingX SOPH-USDT0.0044910.0100get 0.0050% / 4h1h 28m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.133% → +0.097%
−$23.03
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$42.03
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 51 min ago; BingX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 51 min ago4.43 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago3.33 bp15.8 bp −$1631.6 bp −$316doesn't fitdoesn't fit

SOPH on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid SOPHlong+0.0100%1h0.004497long leg$534K$158K3x
Binance SOPHUSDT+0.0100%4h0.0044970.000%$5.4M$5.7M25xas long as short
Bybit SOPHUSDT+0.0100%4h0.0044970.000%$1.8M$1.1M25xas long as short
OKX SOPH-USDT-SWAP+0.0100%4h0.004495−0.044%$998K$1.6M10xas long as short
Gate SOPH_USDT+0.0100%4h0.004493−0.089%$744K$197K25xas long as short
MEXC SOPH_USDT+0.0100%4h0.004496−0.022%$1.0M$175K20xas long as short
KuCoin SOPHUSDTM+0.0100%4h0.004488−0.200%$957K$42K30xas long as short
Bitget SOPHUSDT+0.0100%4h0.0044970.000%$660K$232K25xas long as short
BingX SOPH-USDTshort+0.0100%4h0.004491−0.133%$6.6M