Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: Binance against Bybit+0.070%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$720.720% of the position
Funding, last 7 days−0.308%−$31 on $10k
+Price spread, last 7 days−0.125%−$13 · spread now +0.070%, 7d avg −0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.106% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOPHUSDT | 0.004468 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $1.8M | $1.0M | 25x |
| Short | Binance SOPHUSDT | 0.004471 | 0.0100 | get 0.0050% / 4h | 2h 44m | $5.4M | $5.4M | 25x |
Bybit SOPHUSDT
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: +0.070% → −0.036%
- $10.65
- Slippage, 4 orders
- −$50.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$61.34
- Costs to cover
- 0.720%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 8 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 Bybit live order book, 2 min ago | 2.24 bp | 20.2 bp −$20 | 116.8 bp −$1,168 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 2.24 bp | 23.0 bp −$23 | 84.1 bp −$841 | 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 | 0.004469 | +0.022% | $525K | $164K | 3x | as long as short |
| Binance SOPHUSDTshort | +0.0100% | 4h | 0.004471 | +0.070% | $5.4M | $5.4M | 25x | |
| Bybit SOPHUSDTlong | +0.0100% | 4h | 0.004468 | long leg | $1.8M | $1.0M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004474 | +0.134% | $989K | $1.5M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004467 | −0.022% | $731K | $165K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004468 | 0.000% | $1.0M | $178K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004465 | −0.067% | $948K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004468 | 0.000% | $648K | $227K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004466 | −0.045% | — | $6.6M | — | as long as short |
Hyperliquid SOPH
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT