Funding you earn now, next payment 08:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.85 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against MEXC+0.078%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$685as in the Funding arb table
Net, price: spread back to 7d avg − costs−$715as in the Price arb table
costs, in and out, $10k−$7277.275% of the position
Funding, last 7 days+0.421%+$42 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.078%, 7d avg −0.042%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.120% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SOPH_USDT | 0.003838 | −0.1022 | get 0.0511% / 4h | 33m 36s | $1.2M | $356K | 20x |
| Short | KuCoin SOPHUSDTM | 0.003841 | −0.0852 | pay 0.0426% / 4h | 33m 36s | $830K | $112K | 30x |
MEXC SOPH_USDT
KuCoin SOPHUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- $35.7
- Price spread: +0.078% → −0.042%
- $11.98
- Slippage, 4 orders
- −$711.48
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$679.8
- Costs to cover
- 7.275%
- Break-even
- 140.3 days
Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 61 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 MEXC live order book, 1 min ago | 2.61 bp | 4.6 bp −$5 | 27.5 bp −$275 | 208.4 bp −$20.8K | 534.6 bp −$267.3K |
| Sell KuCoin live order book, 61 min ago | 10.41 bp | 266.5 bp −$266 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOPHUSDT | −0.1726% | 4h | 0.003837 | −0.026% | $1.9M | $3.0M | 25x | as long as short |
| BingX SOPH-USDT | −0.1604% | 4h | 0.003836 | −0.052% | — | $6.6M | — | as long as short |
| Binance SOPHUSDT | −0.1054% | 4h | 0.003838 | +0.001% | $5.0M | $11.9M | 25x | as long as short |
| MEXC SOPH_USDTlong | −0.1022% | 4h | 0.003838 | long leg | $1.2M | $356K | 20x | |
| KuCoin SOPHUSDTMshort | −0.0852% | 4h | 0.003841 | +0.078% | $830K | $112K | 30x | |
| Bitget SOPHUSDT | −0.0708% | 4h | 0.003838 | 0.000% | $512K | $559K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | −0.0452% | 4h | 0.003836 | −0.052% | $834K | $3.5M | 10x | as long as short |
| Hyperliquid SOPH | −0.0342% | 1h | 0.003836 | −0.052% | $405K | $377K | 3x | as long as short |
| Gate SOPH_USDT | −0.0164% | 4h | 0.003836 | −0.052% | $622K | $382K | 25x | as long as short |
Bybit SOPHUSDT
BingX SOPH-USDT
Binance SOPHUSDT
Bitget SOPHUSDT
OKX SOPH-USDT-SWAP
Hyperliquid SOPH
Gate SOPH_USDT