Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1044%/8h= −114.3% APRpaid last 24h +0.053%

Price spread now: Kraken Futures against Bitget−0.049%48s7-day average — · you buy dearer than you sell

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

Long on Bitget 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 −$31 a day on $10k at the current rate, and Kraken Futures is 0.049% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOXSUSDT	33.890	−0.0332	get 0.0332% / 8h	7h 30m	$5.9M	$16.5M	20x
Short	Kraken Futures PF_SOXSUSD	33.873	−0.1376	pay 0.0172% / 1h	30m 37s	$8K	$32K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$219.2
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$246.11
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.73 bp	12.8 bp −$13	33.6 bp −$336	doesn't fit	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	−0.1376%	1h	33.873	−0.049%	$8K	$32K	20x
Bitget SOXSUSDTlong	−0.0332%	8h	33.890	long leg	$5.9M	$16.5M	20x
BloFin SOXS-USDT	−0.0012%	8h	33.940	+0.148%	$164K	$54K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.870	−0.059%	$14.9M	$170.9M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	33.890	0.000%	$2.6M	$16.1M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.880	−0.030%	$2.0M	$9.5M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.890	0.000%	$9.9M	$12.0M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.910	+0.058%	$297K	$513K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.920	+0.089%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.150	+0.767%	$11K	$22K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	33.920	+0.089%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	33.859	−0.091%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0050%	8h	33.860	−0.089%	$3.9M	$10.4M	50x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	33.930	+0.118%	$739K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0365%	4h	34.061	+0.505%	$37K	$183K	10x	as long as short