SOPH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0256%/8h= +28.0% APRnext payment +$1.28 per $10,000 · paid last 24h +0.012%

Price spread now: Bitget against KuCoin+0.026%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$873as in the Funding arb table

Net, price: spread back to 7d avg − costs−$866as in the Price arb table

costs, in and out, $10k−$8678.669% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.026%, 7d avg +0.012%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOPHUSDTM	0.003857	−0.0736	get 0.0368% / 4h	51m 53s	$833K	$108K	30x
Short	Bitget SOPHUSDT	0.003858	−0.0480	pay 0.0240% / 4h	51m 53s	$521K	$538K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: $53.76
Price spread: +0.026% → +0.012%: $1.43
Slippage, 4 orders: −$842.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$811.76
Costs to cover: 8.669%
Break-even: 112.7 days

Slippage from KuCoin: live order book, 42 min ago; Bitget: live order book, 48 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 KuCoin live order book, 42 min ago	10.41 bp	451.8 bp −$452	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 48 min ago	2.61 bp	70.8 bp −$71	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
Bybit SOPHUSDT	−0.1874%	4h	0.003864	+0.181%	$2.0M	$2.9M	25x	as long as short
BingX SOPH-USDT	−0.1806%	4h	0.003870	+0.337%	—	$6.6M	—	as long as short
Hyperliquid SOPH	−0.0954%	1h	0.003857	0.000%	$407K	$374K	3x	as long as short
Binance SOPHUSDT	−0.0786%	4h	0.003860	+0.076%	$5.0M	$11.6M	25x	as long as short
MEXC SOPH_USDT	−0.0756%	4h	0.003861	+0.104%	$1.2M	$349K	20x	as long as short
KuCoin SOPHUSDTMlong	−0.0736%	4h	0.003857	long leg	$833K	$108K	30x
Bitget SOPHUSDTshort	−0.0480%	4h	0.003858	+0.026%	$521K	$538K	25x
OKX SOPH-USDT-SWAP	−0.0213%	4h	0.003861	+0.104%	$830K	$3.4M	10x	as long as short
Gate SOPH_USDT	−0.0114%	4h	0.003860	+0.078%	$626K	$375K	25x	as long as short