Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: Binance against BingX+0.089%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 7 days−0.102%−$10 · spread now +0.089%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.095% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SOPH-USDT | 0.004474 | 0.0100 | pay 0.0050% / 4h | 2h 03m | — | $6.5M | — |
| Short | Binance SOPHUSDT | 0.004478 | 0.0100 | get 0.0050% / 4h | 2h 03m | $5.4M | $5.5M | 25x |
BingX SOPH-USDT
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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: +0.089% → −0.006%
- $9.54
- Slippage, 4 orders
- −$41.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$51.89
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Binance: 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 BingX live order book, 3 min ago | 4.47 bp | 13.1 bp −$13 | 21.2 bp −$212 | 933.4 bp −$93.3K | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.23 bp | 18.1 bp −$18 | 74.4 bp −$744 | 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 | 0.004478 | +0.089% | $524K | $164K | 3x | as long as short |
| Binance SOPHUSDTshort | +0.0100% | 4h | 0.004478 | +0.089% | $5.4M | $5.5M | 25x | |
| Bybit SOPHUSDT | +0.0100% | 4h | 0.004473 | −0.022% | $1.8M | $1.0M | 25x | as long as short |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004475 | +0.022% | $993K | $1.5M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004477 | +0.067% | $731K | $170K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004476 | +0.045% | $1.0M | $184K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004472 | −0.045% | $950K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004479 | +0.112% | $646K | $230K | 25x | as long as short |
| BingX SOPH-USDTlong | +0.0100% | 4h | 0.004474 | long leg | — | $6.5M | — |
Hyperliquid SOPH
Bybit SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT