Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against BloFin+0.140%93s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.479% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.140%, 7d avg −0.011%

Together, before fees−0.064%−$6 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: Gate is 0.151% dearer against BloFin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 93 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	BloFin SOXS-USDT	35.630	0.0000	pay 0.0000% / 8h	6h 55m	$175K	$68K	25x
Short	Gate SOXS_USDT	35.680	0	get 0.0000% / 8h	6h 55m	$2.3M	$15.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.140%Rate

Funding earned: −$0.08
Price spread: +0.140% → −0.011%: $15.11
Slippage, 4 orders: −$20.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.89
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Gate: live order book, 3 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 BloFin live order book, 5 min ago	1.40 bp	7.4 bp −$7	10.6 bp −$106	48.8 bp −$4,877	171.2 bp −$85.6K
Sell Gate live order book, 3 min ago	1.40 bp	11.6 bp −$12	38.2 bp −$382	93.9 bp −$9,389	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	−0.0492%	4h	35.654	+0.068%	$39K	$172K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0152%	1h	35.560	−0.196%	$9K	$31K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.709	+0.223%	$13.9M	$208.2M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.760	+0.365%	$3.9M	$11.7M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.740	+0.309%	$2.7M	$23.2M	25x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.680	+0.140%	$2.3M	$15.8M	25x
MEXC SOXS_USDT	0.0000%	8h	35.670	+0.112%	$11.1M	$15.2M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.578	−0.146%	$442K	$730K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.580	−0.140%	—	$4.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.730	+0.281%	$13K	$27K	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	35.590	−0.112%	$1.2M	$1.8M	20x	as long as short
BloFin SOXS-USDTlong	0.0000%	8h	35.630	long leg	$175K	$68K	25x
Lighter SOXS	+0.0032%	1h	35.655	+0.070%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.690	+0.168%	$711K	$2.9M	10x	as long as short
Bitget SOXSUSDT	+0.1419%	8h	35.758	+0.359%	$5.2M	$21.7M	20x	as long as short