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

SOPH

all SOPH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against OKX0.000%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$476as in the Funding arb table
Net, price: spread back to 7d avg − costs−$532as in the Price arb table
costs, in and out, $10k−$5325.321% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.563%+$56 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now 0.000%, 7d avg −0.003%
Together, before fees+0.607%+$61 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SOPH-USDT-SWAP0.0044850.0100pay 0.0050% / 4h2h 44m$982K$1.5M10x
ShortKuCoin SOPHUSDTM0.0044850.0100get 0.0050% / 4h2h 44m$953K$38K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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: 0.000% → −0.003%
$0.34
Slippage, 4 orders
−$510.12
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$531.79
Costs to cover
5.321%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago1.11 bp24.6 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 60 min ago6.69 bp205.9 bp −$206doesn'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 SOPH+0.0100%1h0.004486+0.022%$520K$157K3xas long as short
Binance SOPHUSDT+0.0100%4h0.004487+0.034%$5.3M$5.0M25xas long as short
Bybit SOPHUSDT+0.0100%4h0.004482−0.067%$1.8M$1.0M25xas long as short
OKX SOPH-USDT-SWAPlong+0.0100%4h0.004485long leg$982K$1.5M10x
Gate SOPH_USDT+0.0100%4h0.004489+0.089%$729K$151K25xas long as short
MEXC SOPH_USDT+0.0100%4h0.004486+0.022%$985K$174K20xas long as short
KuCoin SOPHUSDTMshort+0.0100%4h0.0044850.000%$953K$38K30x
Bitget SOPHUSDT+0.0100%4h0.004488+0.067%$641K$204K25xas long as short
BingX SOPH-USDT+0.0100%4h0.004493+0.178%$6.6Mas long as short