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

SOPH

all SOPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.112%
Price spread now: Hyperliquid against OKX0.000%7-day average −0.060% · you sell dearer than you buy
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+1.178%+$118 on $10k
Price spread, last 4 days (all we have)−0.149%−$15 · spread now 0.000%, 7d avg −0.060%
Together, before fees+1.029%+ Points / potential airdropHyperliquid: Season 2 · farm board+$103 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: Hyperliquid is 0.060% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SOPH-USDT-SWAP0.0045060.0100pay 0.0050% / 4h2h 06m$999K$1.6M10x
ShortHyperliquid SOPH0.0045060.0100get 0.0013% / 1h6m 25s$537K$159K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: 0.000% → −0.060%
$6
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 5 min ago; Hyperliquid: live order book, 13 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 OKX live order book, 5 min ago3.33 bp45.1 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 13 min ago4.43 bpdoesn't fitdoesn'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 SOPHshort+0.0100%1h0.0045060.000%$537K$159K3x
Binance SOPHUSDT+0.0100%4h0.004507+0.014%$5.4M$5.7M25xas long as short
Bybit SOPHUSDT+0.0100%4h0.004507+0.022%$1.8M$1.1M25xas long as short
OKX SOPH-USDT-SWAPlong+0.0100%4h0.004506long leg$999K$1.6M10x
Gate SOPH_USDT+0.0100%4h0.0045060.000%$746K$198K25xas long as short
MEXC SOPH_USDT+0.0100%4h0.004507+0.022%$1.0M$176K20xas long as short
KuCoin SOPHUSDTM+0.0100%4h0.004509+0.067%$961K$42K30xas long as short
Bitget SOPHUSDT+0.0100%4h0.004509+0.067%$663K$227K25xas long as short
BingX SOPH-USDT+0.0100%4h0.0045060.000%$6.6Mas long as short