Funding you earn now, next payment 16:00 UTC−0.1457%/8h= −159.5% APRnext payment −$14.57 per $10,000 · paid last 24h −0.183%
Price spread now: OKX against Bitget+0.048%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.048%, 7d avg +0.005%
=The price spread pays, funding is against you. OKX is 0.043% dearer against Bitget than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.337%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.337% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SOXSUSDT | 35.683 | 0.1457 | pay 0.1457% / 8h | 6h 59m | $5.2M | $21.5M | 20x |
| Short | OKX SOXS-USDT-SWAP | 35.700 | 0 | get 0.0000% / 8h | 6h 59m | $2.7M | $22.9M | 25x |
Bitget SOXSUSDT
OKX SOXS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$305.97
- Price spread: +0.048% → +0.005%
- $4.25
- Slippage, 4 orders
- −$24.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$347.84
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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 Bitget live order book, 4 min ago | 0.98 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.40 bp | 9.9 bp −$10 | 19.6 bp −$196 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SOXSUSDC | −0.0498% | 4h | 35.716 | +0.092% | $39K | $173K | 10x | as long as short |
| Kraken Futures PF_SOXSUSD | −0.0152% | 1h | 35.683 | 0.000% | $9K | $31K | 20x | as long as short |
| BloFin SOXS-USDT | −0.0004% | 8h | 35.720 | +0.104% | $178K | $68K | 25x | as long as short |
| Binance SOXSUSDT | 0.0000% | 8h | 35.692 | +0.024% | $13.9M | $207.0M | 25x | as long as short |
| Bybit SOXSUSDT | 0.0000% | 8h | 35.700 | +0.048% | $4.0M | $11.7M | 50x | as long as short |
| OKX SOXS-USDT-SWAPshort | 0.0000% | 8h | 35.700 | +0.048% | $2.7M | $22.9M | 25x | |
| Gate SOXS_USDT | 0.0000% | 8h | 35.690 | +0.020% | $2.3M | $15.7M | 25x | as long as short |
| MEXC SOXS_USDT | 0.0000% | 8h | 35.690 | +0.020% | $11.1M | $15.0M | 50x | as long as short |
| Variational Omni SOXS | 0.0000% | 8h | 35.758 | +0.211% | $443K | $730K | — | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 35.700 | +0.048% | — | $4.0M | 10x | as long as short |
edgeX SOXSUSDC
Kraken Futures PF_SOXSUSD
BloFin SOXS-USDT
Binance SOXSUSDT
Bybit SOXSUSDT
Gate SOXS_USDT
MEXC SOXS_USDT
Variational Omni SOXS
SunX SOXS-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOXS-USDT | 0.0000% | 8h | 35.660 | −0.064% | $12K | $27K | 10x | as long as short |
| Phemex SOXSUSDT | 0.0000% | 8h | 35.700 | +0.048% | $1.3M | $1.8M | 20x | as long as short |
| Lighter SOXS | +0.0032% | 1h | 35.704 | +0.059% | — | — | 10x | as long as short |
| KuCoin SOXSUSDTM | +0.0100% | 8h | 35.720 | +0.104% | $711K | $2.9M | 10x | as long as short |
| Bitget SOXSUSDTlong | +0.1457% | 8h | 35.683 | long leg | $5.2M | $21.5M | 20x |
HTX SOXS-USDT
Phemex SOXSUSDT
Lighter SOXS
KuCoin SOXSUSDTM