Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h +0.007%

Price spread now: Kraken Futures against Binance−0.131%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.131% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOXSUSDT	35.772	0.0063	pay 0.0063% / 8h	36m 10s	$15.1M	$196.5M	25x
Short	Kraken Futures PF_SOXSUSD	35.725	−0.0119	pay 0.0015% / 1h	36m 10s	$8K	$32K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$38.25
Price spread: −0.131% → 0.000%: −$13.13
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$71.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 Binance live order book, 7 min ago	1.40 bp	7.3 bp −$7	11.0 bp −$110	61.3 bp −$6,126	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOXS on 15 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
Kraken Futures PF_SOXSUSDshort	−0.0119%	1h	35.725	−0.131%	$8K	$32K	20x
Bybit SOXSUSDT	0.0000%	8h	35.790	+0.051%	$4.1M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.730	−0.117%	$2.2M	$12.1M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.750	−0.061%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.800	+0.079%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.790	+0.051%	$1.2M	$1.9M	20x	as long as short
OKX SOXS-USDT-SWAP	+0.0018%	8h	35.780	+0.023%	$2.8M	$21.3M	25x	as long as short
Variational Omni SOXS	+0.0024%	8h	35.638	−0.374%	$461K	$707K	—	as long as short
Lighter SOXS	+0.0032%	1h	35.740	−0.089%	—	—	10x	as long as short
MEXC SOXS_USDT	+0.0063%	8h	35.760	−0.033%	$13.2M	$14.3M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDTlong	+0.0063%	8h	35.772	long leg	$15.1M	$196.5M	25x
BloFin SOXS-USDT	+0.0065%	8h	35.720	−0.145%	$178K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.750	−0.061%	$693K	$2.8M	10x	as long as short
edgeX SOXSUSDC	+0.0588%	4h	35.738	−0.094%	$39K	$175K	10x	as long as short
Bitget SOXSUSDT	+0.1936%	8h	35.689	−0.231%	$6.0M	$19.6M	20x	as long as short