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

SOPH

all SOPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Bitget against Hyperliquid−0.066%7-day average +0.063% · 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−0.618%−$62 on $10k
Price spread, last 4 days (all we have)+0.266%+$27 · spread now −0.066%, 7d avg +0.063%
Together, before fees−0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 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: Bitget is 0.130% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SOPH0.0045140.0100pay 0.0013% / 1h26m 33s$530K$164K3x
ShortBitget SOPHUSDT0.0045110.0100get 0.0050% / 4h2h 26m$653K$229K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.066% → +0.063%
−$12.97
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$33.97
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 23 min ago; Bitget: live order book, 39 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, 23 min ago3.36 bp72.0 bp −$72doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 39 min ago4.45 bp34.9 bp −$35342.1 bp −$3,421doesn'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%1h0.004514long leg$530K$164K3x
Binance SOPHUSDT+0.0100%4h0.004513−0.020%$5.4M$5.5M25xas long as short
Bybit SOPHUSDT+0.0100%4h0.0045140.000%$1.8M$1.0M25xas long as short
OKX SOPH-USDT-SWAP+0.0100%4h0.0045140.000%$1.0M$1.5M10xas long as short
Gate SOPH_USDT+0.0100%4h0.0045140.000%$737K$168K25xas long as short
MEXC SOPH_USDT+0.0100%4h0.004511−0.066%$1.0M$180K20xas long as short
KuCoin SOPHUSDTM+0.0100%4h0.004508−0.133%$958K$42K30xas long as short
Bitget SOPHUSDTshort+0.0100%4h0.004511−0.066%$653K$229K25x
BingX SOPH-USDT+0.0100%4h0.004512−0.044%$6.6Mas long as short