SOPH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.39 per $10,000 · paid last 24h +0.042%

Price spread now: OKX against Bybit−0.105%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1141.144% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.389%−$39 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.105%, 7d avg −0.052%

Together, before fees−0.368%−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.053% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOPHUSDT	0.003802	−0.1503	get 0.0751% / 4h	1h 47m	$1.9M	$3.4M	25x
Short	OKX SOPH-USDT-SWAP	0.003798	−0.1581	pay 0.0791% / 4h	1h 47m	$903K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$16.42
Price spread: −0.105% → −0.052%: −$5.34
Slippage, 4 orders: −$93.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$136.11
Costs to cover: 1.144%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: 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, 3 min ago	2.63 bp	32.6 bp −$33	147.3 bp −$1,473	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.63 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit

SOPH on 9 exchanges

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
MEXC SOPH_USDT	−0.1868%	4h	0.003798	−0.105%	$1.2M	$410K	20x	as long as short
Binance SOPHUSDT	−0.1857%	4h	0.003796	−0.169%	$5.1M	$13.2M	25x	as long as short
BingX SOPH-USDT	−0.1789%	4h	0.003799	−0.079%	—	$6.6M	—	as long as short
OKX SOPH-USDT-SWAPshort	−0.1581%	4h	0.003798	−0.105%	$903K	$4.0M	10x
Bybit SOPHUSDTlong	−0.1503%	4h	0.003802	long leg	$1.9M	$3.4M	25x
Bitget SOPHUSDT	−0.1470%	4h	0.003792	−0.263%	$504K	$624K	25x	as long as short
KuCoin SOPHUSDTM	−0.1288%	4h	0.003797	−0.132%	$822K	$111K	30x	as long as short
Hyperliquid SOPH	−0.0390%	1h	0.003790	−0.316%	$402K	$350K	3x	as long as short
Gate SOPH_USDT	−0.0208%	4h	0.003798	−0.105%	$619K	$394K	25x	as long as short