Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.026%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.026%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.027% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SOPH_USDT | 0.003856 | −0.0756 | get 0.0378% / 4h | 52m 17s | $1.2M | $349K | 20x |
| Short | Binance SOPHUSDT | 0.003855 | −0.0786 | pay 0.0393% / 4h | 52m 17s | $5.0M | $11.6M | 25x |
MEXC SOPH_USDT
Binance SOPHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$6.21
- Price spread: −0.026% → +0.001%
- −$2.65
- Slippage, 4 orders
- −$32.31
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$55.17
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Binance: 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 MEXC live order book, 4 min ago | 3.88 bp | 5.9 bp −$6 | 27.5 bp −$275 | 182.4 bp −$18.2K | 482.8 bp −$241.4K |
| Sell Binance live order book, 3 min ago | 1.29 bp | 18.8 bp −$19 | 75.2 bp −$752 | 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 | 0.003860 | +0.104% | $2.0M | $2.9M | 25x | as long as short |
| BingX SOPH-USDT | −0.1762% | 4h | 0.003856 | 0.000% | — | $6.6M | — | as long as short |
| Hyperliquid SOPH | −0.1002% | 1h | 0.003855 | −0.026% | $406K | $374K | 3x | as long as short |
| Binance SOPHUSDTshort | −0.0786% | 4h | 0.003855 | −0.026% | $5.0M | $11.6M | 25x | |
| MEXC SOPH_USDTlong | −0.0756% | 4h | 0.003856 | long leg | $1.2M | $349K | 20x | |
| KuCoin SOPHUSDTM | −0.0736% | 4h | 0.003854 | −0.052% | $832K | $108K | 30x | as long as short |
| Bitget SOPHUSDT | −0.0480% | 4h | 0.003853 | −0.078% | $520K | $538K | 25x | as long as short |
| OKX SOPH-USDT-SWAP | −0.0213% | 4h | 0.003855 | −0.026% | $829K | $3.4M | 10x | as long as short |
| Gate SOPH_USDT | −0.0114% | 4h | 0.003858 | +0.052% | $625K | $375K | 25x | as long as short |
Bybit SOPHUSDT
BingX SOPH-USDT
Hyperliquid SOPH
KuCoin SOPHUSDTM
Bitget SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT