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 −0.117%
Price spread now: KuCoin against Hyperliquid−0.111%7-day average +0.056% · 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−0.622%−$62 on $10k
Price spread, last 4 days (all we have)+0.360%+$36 · spread now −0.111%, 7d avg +0.056%
Together, before fees−0.262%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 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: KuCoin is 0.167% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SOPH0.0045080.0100pay 0.0013% / 1h5m 52s$535K$160K3x
ShortKuCoin SOPHUSDTM0.0045030.0100get 0.0050% / 4h1h 05m$960K$42K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.111% → +0.056%
−$16.7
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$37.7
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago3.33 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago8.89 bp301.9 bp −$302doesn't fitdoesn'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%1h0.004508long leg$535K$160K3x
Binance SOPHUSDT+0.0100%4h0.004510+0.035%$5.4M$5.7M25xas long as short
Bybit SOPHUSDT+0.0100%4h0.004509+0.022%$1.8M$1.1M25xas long as short
OKX SOPH-USDT-SWAP+0.0100%4h0.004505−0.067%$1.0M$1.6M10xas long as short
Gate SOPH_USDT+0.0100%4h0.004503−0.111%$744K$199K25xas long as short
MEXC SOPH_USDT+0.0100%4h0.004507−0.022%$1.0M$177K20xas long as short
KuCoin SOPHUSDTMshort+0.0100%4h0.004503−0.111%$960K$42K30x
Bitget SOPHUSDT+0.0100%4h0.0045080.000%$661K$233K25xas long as short
BingX SOPH-USDT+0.0100%4h0.004506−0.044%$6.6Mas long as short