Funding you earn now, next payment 12:00 UTC−0.0456%/8h= −49.9% APRnext payment −$2.28 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against KuCoin−0.026%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$773as in the Funding arb table
Net, price: spread back to 7d avg − costs−$736as in the Price arb table
costs, in and out, $10k−$7307.296% of the position
Funding, last 7 days−0.434%−$43 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.026%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and MEXC is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SOPHUSDTM | 0.003810 | −0.1590 | get 0.0795% / 4h | 54m 54s | $824K | $113K | 30x |
| Short | MEXC SOPH_USDT | 0.003809 | −0.2046 | pay 0.1023% / 4h | 54m 54s | $1.2M | $422K | 20x |
KuCoin SOPHUSDTM
MEXC SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. 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
- −$95.76
- Price spread: −0.026% → +0.040%
- −$6.6
- Slippage, 4 orders
- −$713.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$831.92
- Costs to cover
- 7.296%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 42 min ago; MEXC: live order book, 4 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 KuCoin live order book, 42 min ago | 9.27 bp | 488.1 bp −$488 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.62 bp | 4.6 bp −$5 | 23.0 bp −$230 | 193.3 bp −$19.3K | 438.0 bp −$219.0K |
SOPH on 9 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOPHUSDT | −0.2512% | 4h | 0.003814 | +0.105% | $1.8M | $3.6M | 25x | as long as short |
| BingX SOPH-USDT | −0.2386% | 4h | 0.003810 | 0.000% | — | $6.6M | — | as long as short |
| Binance SOPHUSDT | −0.2055% | 4h | 0.003809 | −0.032% | $5.2M | $13.6M | 25x | as long as short |
| MEXC SOPH_USDTshort | −0.2046% | 4h | 0.003809 | −0.026% | $1.2M | $422K | 20x | |
| OKX SOPH-USDT-SWAP | −0.1998% | 4h | 0.003806 | −0.105% | $921K | $4.1M | 10x | as long as short |
| Bitget SOPHUSDT | −0.1652% | 4h | 0.003811 | +0.026% | $511K | $637K | 25x | as long as short |
| KuCoin SOPHUSDTMlong | −0.1590% | 4h | 0.003810 | long leg | $824K | $113K | 30x | |
| Gate SOPH_USDT | −0.0468% | 4h | 0.003808 | −0.052% | $636K | $407K | 25x | as long as short |
| Hyperliquid SOPH | +0.0100% | 1h | 0.003809 | −0.026% | $417K | $365K | 3x | as long as short |
Bybit SOPHUSDT
BingX SOPH-USDT
Binance SOPHUSDT
OKX SOPH-USDT-SWAP
Bitget SOPHUSDT
Gate SOPH_USDT
Hyperliquid SOPH