Funding you earn now, next payment 08:00 UTC+0.0502%/8h= +55.0% APRnext payment +$2.51 per $10,000 · paid last 24h −0.006%
Price spread now: OKX against MEXC−0.052%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.052%, 7d avg −0.016%
=Funding pays, the price is against you. OKX is 0.036% cheaper against MEXC than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.016%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SOPH_USDT | 0.003845 | −0.1332 | get 0.0666% / 4h | 9m 14s | $1.2M | $373K | 20x |
| Short | OKX SOPH-USDT-SWAP | 0.003843 | −0.0830 | pay 0.0415% / 4h | 9m 14s | $851K | $3.6M | 10x |
MEXC SOPH_USDT
OKX SOPH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $105.44
- Price spread: −0.052% → −0.016%
- −$3.61
- Slippage, 4 orders
- −$41.95
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $45.88
- Costs to cover
- 0.559%
- Break-even
- 4.0 days
Slippage from MEXC: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 3.89 bp | 5.9 bp −$6 | 20.8 bp −$208 | 195.0 bp −$19.5K | 510.5 bp −$255.3K |
| Sell OKX live order book, 3 min ago | 1.30 bp | 22.1 bp −$22 | 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 | −0.1725% | 4h | 0.003848 | +0.078% | $2.0M | $3.1M | 25x | as long as short |
| BingX SOPH-USDT | −0.1622% | 4h | 0.003841 | −0.104% | — | $6.6M | — | as long as short |
| Binance SOPHUSDT | −0.1358% | 4h | 0.003843 | −0.047% | $5.0M | $12.2M | 25x | as long as short |
| MEXC SOPH_USDTlong | −0.1332% | 4h | 0.003845 | long leg | $1.2M | $373K | 20x | |
| KuCoin SOPHUSDTM | −0.1070% | 4h | 0.003853 | +0.208% | $832K | $112K | 30x | as long as short |
| Bitget SOPHUSDT | −0.0992% | 4h | 0.003840 | −0.130% | $506K | $570K | 25x | as long as short |
| OKX SOPH-USDT-SWAPshort | −0.0830% | 4h | 0.003843 | −0.052% | $851K | $3.6M | 10x | |
| Gate SOPH_USDT | −0.0248% | 4h | 0.003843 | −0.052% | $625K | $390K | 25x | as long as short |
| Hyperliquid SOPH | −0.0222% | 1h | 0.003842 | −0.078% | $410K | $385K | 3x | as long as short |
Bybit SOPHUSDT
BingX SOPH-USDT
Binance SOPHUSDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
Gate SOPH_USDT
Hyperliquid SOPH