SOPH

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0540%/8h= −59.1% APRnext payment −$2.70 per $10,000 · paid last 24h −0.017%

Price spread now: MEXC against KuCoin−0.026%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$735as in the Funding arb table

Net, price: spread back to 7d avg − costs−$698as in the Price arb table

costs, in and out, $10k−$6926.916% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.434%−$43 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.026%, 7d avg +0.041%

Together, before fees−0.284%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOPHUSDTM	0.003832	−0.1308	get 0.0654% / 4h	2h 57m	$827K	$109K	30x
Short	MEXC SOPH_USDT	0.003831	−0.1848	pay 0.0924% / 4h	2h 57m	$1.2M	$386K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$113.4
Price spread: −0.026% → +0.041%: −$6.76
Slippage, 4 orders: −$675.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$811.79
Costs to cover: 6.916%
Break-even: never at this rate

Slippage from KuCoin: live order book, 17 min ago; MEXC: live order book, 4 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, 17 min ago	10.38 bp	460.6 bp −$461	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.60 bp	4.6 bp −$5	31.4 bp −$314	211.3 bp −$21.1K	554.3 bp −$277.2K

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
Binance SOPHUSDT	−0.1857%	4h	0.003833	+0.026%	$5.1M	$12.7M	25x	as long as short
MEXC SOPH_USDTshort	−0.1848%	4h	0.003831	−0.026%	$1.2M	$386K	20x
BingX SOPH-USDT	−0.1748%	4h	0.003834	+0.052%	—	$6.6M	—	as long as short
OKX SOPH-USDT-SWAP	−0.1362%	4h	0.003833	+0.026%	$863K	$3.8M	10x	as long as short
KuCoin SOPHUSDTMlong	−0.1308%	4h	0.003832	long leg	$827K	$109K	30x
Bybit SOPHUSDT	−0.1297%	4h	0.003837	+0.130%	$1.9M	$3.2M	25x	as long as short
Bitget SOPHUSDT	−0.1292%	4h	0.003830	−0.052%	$506K	$604K	25x	as long as short
Gate SOPH_USDT	−0.0008%	4h	0.003830	−0.052%	$623K	$388K	25x	as long as short
Hyperliquid SOPH	+0.0100%	1h	0.003834	+0.052%	$406K	$398K	3x	as long as short