Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Gate against Binance−0.067%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2732.731% of the position
Funding, last 7 days+1.382%+$138 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.067%, 7d avg −0.021%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.046% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SOPHUSDT | 0.004510 | 0.0100 | pay 0.0050% / 4h | 2h 10m | $5.4M | $5.7M | 25x |
| Short | Gate SOPH_USDT | 0.004507 | 0.0100 | get 0.0050% / 4h | 2h 10m | $746K | $198K | 25x |
Binance SOPHUSDT
Gate SOPH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- $0
- Price spread: −0.067% → −0.021%
- −$4.62
- Slippage, 4 orders
- −$248.12
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$277.74
- Costs to cover
- 2.731%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Gate: live order book, 12 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 Binance live order book, 13 min ago | 2.21 bp | 18.2 bp −$18 | 102.0 bp −$1,020 | doesn't fit | doesn't fit |
| Sell Gate live order book, 12 min ago | 5.53 bp | 121.1 bp −$121 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SOPH | +0.0100% | 1h | 0.004508 | −0.045% | $537K | $159K | 3x | as long as short |
| Binance SOPHUSDTlong | +0.0100% | 4h | 0.004510 | long leg | $5.4M | $5.7M | 25x | |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004510 | 0.000% | $1.8M | $1.1M | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004504 | −0.133% | $998K | $1.6M | 10x | as long as short |
| Gate SOPH_USDTshort | +0.0100% | 4h | 0.004507 | −0.067% | $746K | $198K | 25x | |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004509 | −0.022% | $1.0M | $176K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004509 | −0.022% | $961K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004510 | 0.000% | $664K | $227K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004509 | −0.022% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
Bybit SOPHUSDT
OKX SOPH-USDT-SWAP
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT