Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

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 −0.016%

Price spread now: Phemex against Binance−0.010%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 2 days (all we have)−0.033%−$3 · spread now −0.010%, 7d avg −0.032%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.023% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOXSUSDT	34.143	0	get 0.0000% / 8h	6h 41m	$15.9M	$172.1M	25x
Short	Phemex SOXSUSDT	34.140	0	get 0.0000% / 8h	6h 41m	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.032%: $2.26
Slippage, 4 orders: −$83.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$103.39
Costs to cover: 1.056%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Phemex: 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 Binance live order book, 2 min ago	1.46 bp	7.3 bp −$7	13.0 bp −$130	73.2 bp −$7,323	doesn't fit
Sell Phemex live order book, 2 min ago	7.32 bp	53.2 bp −$53	doesn't fit	doesn't fit	doesn't fit

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
Bitget SOXSUSDT	−0.0639%	8h	34.149	+0.017%	$6.0M	$16.4M	20x	as long as short
edgeX SOXSUSDC	−0.0463%	4h	34.158	+0.044%	$37K	$180K	10x	as long as short
BloFin SOXS-USDT	−0.0018%	8h	34.090	−0.156%	$167K	$54K	25x	as long as short
Binance SOXSUSDTlong	0.0000%	8h	34.143	long leg	$15.9M	$172.1M	25x
Gate SOXS_USDT	0.0000%	8h	34.130	−0.039%	$2.2M	$9.9M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.130	−0.039%	$10.0M	$12.0M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.130	−0.040%	$417K	$617K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.130	−0.039%	—	$4.5M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.950	−0.566%	$10K	$24K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	34.140	−0.010%	$1.2M	$1.9M	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	34.090	−0.156%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	34.140	−0.010%	$735K	$2.4M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0126%	8h	34.170	+0.078%	$3.0M	$17.0M	25x	as long as short
Bybit SOXSUSDT	+0.0456%	8h	34.150	+0.020%	$4.1M	$10.5M	50x	as long as short
Kraken Futures PF_SOXSUSD	+0.0555%	1h	34.131	−0.035%	$8K	$31K	20x	as long as short