SOPH funding rate explained
Right now Sophon (SOPH) perpetual futures trade on 8 exchanges we track. The highest funding is on MEXC at +0.076% per day, the lowest on Hyperliquid at +0.030%. The average across all venues is +0.041% per day, or about +15.1% a year. Positive funding means SOPH longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.046% per day. A delta-neutral position that shorts SOPH on MEXC and goes long on Hyperliquid would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live SOPH arbitrage board for the price side of the trade.
Settlement intervals differ: SOPH funding is paid every 1 hour and 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: SOPH arbitrage · Sophon price · funding rates for all coins.