Funding you earn now, next payment 12:00 UTC+0.0091%/8h= +9.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against Bybit−0.052%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$790.794% of the position
Funding, last 7 days−0.339%−$34 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now −0.052%, 7d avg −0.030%
=Funding pays, the price is against you. BingX is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.030%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.339%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SOPHUSDT | 0.003836 | −0.1791 | get 0.0895% / 4h | 3h 33m | $1.9M | $3.2M | 25x |
| Short | BingX SOPH-USDT | 0.003834 | −0.1700 | pay 0.0850% / 4h | 3h 33m | — | $6.6M | — |
Bybit SOPHUSDT
BingX SOPH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $19.06
- Price spread: −0.052% → −0.030%
- −$2.25
- Slippage, 4 orders
- −$58.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$62.55
- Costs to cover
- 0.794%
- Break-even
- 30.0 days
Slippage from Bybit: live order book, 4 min ago; BingX: 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 Bybit live order book, 4 min ago | 1.30 bp | 33.3 bp −$33 | 146.1 bp −$1,461 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 3.89 bp | 9.9 bp −$10 | 21.7 bp −$217 | 678.8 bp −$67.9K | 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 SOPHUSDTlong | −0.1791% | 4h | 0.003836 | long leg | $1.9M | $3.2M | 25x | |
| Binance SOPHUSDT | −0.1760% | 4h | 0.003833 | −0.066% | $5.0M | $12.6M | 25x | as long as short |
| MEXC SOPH_USDT | −0.1758% | 4h | 0.003831 | −0.130% | $1.2M | $376K | 20x | as long as short |
| BingX SOPH-USDTshort | −0.1700% | 4h | 0.003834 | −0.052% | — | $6.6M | — | |
| KuCoin SOPHUSDTM | −0.1274% | 4h | 0.003843 | +0.182% | $831K | $113K | 30x | as long as short |
| Bitget SOPHUSDT | −0.1264% | 4h | 0.003836 | 0.000% | $511K | $595K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | −0.1169% | 4h | 0.003834 | −0.052% | $862K | $3.8M | 10x | as long as short |
| Hyperliquid SOPH | −0.0424% | 1h | 0.003828 | −0.209% | $411K | $391K | 3x | as long as short |
| Gate SOPH_USDT | −0.0110% | 4h | 0.003834 | −0.052% | $621K | $392K | 25x | as long as short |
Binance SOPHUSDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
OKX SOPH-USDT-SWAP
Hyperliquid SOPH
Gate SOPH_USDT