SOPH

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0552%/8h= +60.5% APRnext payment +$2.76 per $10,000 · paid last 24h −0.006%

Price spread now: OKX against MEXC+0.052%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.052%, 7d avg −0.017%

Together, before fees−0.212%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and OKX is 0.068% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.143%, 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 -0.143% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.76 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	MEXC SOPH_USDT	0.003870	−0.0708	get 0.0354% / 4h	55m 15s	$1.2M	$349K	20x
Short	OKX SOPH-USDT-SWAP	0.003872	−0.0156	pay 0.0078% / 4h	55m 15s	$828K	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $115.98
Price spread: +0.052% → −0.017%: $6.82
Slippage, 4 orders: −$38.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: $70.3
Costs to cover: 0.525%
Break-even: 2.8 days

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago	3.88 bp	5.9 bp −$6	27.5 bp −$275	182.4 bp −$18.2K	482.8 bp −$241.4K
Sell OKX live order book, 2 min ago	1.30 bp	20.7 bp −$21	209.0 bp −$2,090	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	−0.1898%	4h	0.003871	+0.026%	$2.0M	$2.9M	25x	as long as short
BingX SOPH-USDT	−0.1762%	4h	0.003871	+0.026%	—	$6.6M	—	as long as short
Hyperliquid SOPH	−0.1317%	1h	0.003865	−0.129%	$409K	$373K	3x	as long as short
Binance SOPHUSDT	−0.0708%	4h	0.003868	−0.052%	$5.0M	$11.5M	25x	as long as short
MEXC SOPH_USDTlong	−0.0708%	4h	0.003870	long leg	$1.2M	$349K	20x
KuCoin SOPHUSDTM	−0.0704%	4h	0.003865	−0.129%	$834K	$108K	30x	as long as short
Bitget SOPHUSDT	−0.0434%	4h	0.003864	−0.155%	$522K	$537K	25x	as long as short
OKX SOPH-USDT-SWAPshort	−0.0156%	4h	0.003872	+0.052%	$828K	$3.4M	10x
Gate SOPH_USDT	−0.0108%	4h	0.003867	−0.078%	$627K	$375K	25x	as long as short