Settings8H · net · $10k
Funding arb · Price arb /

SOPH

all SOPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: Hyperliquid against KuCoin+0.113%7-day average −0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.565%+$56 on $10k
Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.113%, 7d avg −0.050%
Together, before fees+0.258%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.163% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SOPHUSDTM0.0044160.0100pay 0.0050% / 4h2h 29m$939K$38K30x
ShortHyperliquid SOPH0.0044210.0100get 0.0013% / 1h29m 16s$511K$159K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.113% → −0.050%
$16.29
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$4.71
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 10 min ago; Hyperliquid: live order book, 50 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago9.00 bp311.3 bp −$311doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 50 min ago3.36 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SOPH on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid SOPHshort+0.0100%1h0.004421+0.113%$511K$159K3x
Binance SOPHUSDT+0.0100%4h0.004419+0.075%$5.2M$5.0M25xas long as short
Bybit SOPHUSDT+0.0100%4h0.004419+0.068%$1.8M$1.0M25xas long as short
OKX SOPH-USDT-SWAP+0.0100%4h0.004417+0.023%$965K$1.4M10xas long as short
Gate SOPH_USDT+0.0100%4h0.004423+0.159%$717K$154K25xas long as short
MEXC SOPH_USDT+0.0100%4h0.004419+0.068%$968K$175K20xas long as short
KuCoin SOPHUSDTMlong+0.0100%4h0.004416long leg$939K$38K30x
Bitget SOPHUSDT+0.0100%4h0.004419+0.068%$631K$200K25xas long as short
BingX SOPH-USDT+0.0100%4h0.004417+0.023%$6.6Mas long as short