Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.8% APRnext payment −$1.71 per $10,000 · paid last 24h −0.017%
Price spread now: Phemex against BloFin−0.252%59s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as 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−$1051.054% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.252%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phemex is 0.240% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.011%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.252%, so the current rate has only just turned against you. The two prices were read 59 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 | 35.770 | 0.0171 | pay 0.0171% / 8h | 1h 23m | $186K | $62K | 25x |
| Short | Phemex SOXSUSDT | 35.680 | 0 | get 0.0000% / 8h | 1h 23m | $1.2M | $1.9M | 20x |
BloFin SOXS-USDT
Phemex SOXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$35.97
- Price spread: −0.252% → −0.011%
- −$24.01
- Slippage, 4 orders
- −$81.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$165.34
- Costs to cover
- 1.054%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 52 min ago; Phemex: live order book, 5 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, 52 min ago | 1.40 bp | 7.4 bp −$7 | 13.9 bp −$139 | 50.2 bp −$5,016 | 138.1 bp −$69.1K |
| Sell Phemex live order book, 5 min ago | 6.98 bp | 43.8 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SOXSUSDC | −0.0041% | 4h | 35.803 | +0.092% | $39K | $175K | 10x | as long as short |
| Kraken Futures PF_SOXSUSD | −0.0028% | 1h | 35.643 | −0.354% | $8K | $32K | 20x | as long as short |
| Bybit SOXSUSDT | 0.0000% | 8h | 35.710 | −0.168% | $4.2M | $11.4M | 50x | as long as short |
| Gate SOXS_USDT | 0.0000% | 8h | 35.690 | −0.224% | $2.3M | $12.1M | 25x | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 35.730 | −0.112% | — | $4.3M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 35.870 | +0.280% | $11K | $24K | 10x | as long as short |
| Phemex SOXSUSDTshort | 0.0000% | 8h | 35.680 | −0.252% | $1.2M | $1.9M | 20x | |
| Lighter SOXS | +0.0032% | 1h | 35.659 | −0.310% | — | — | 10x | as long as short |
| OKX SOXS-USDT-SWAP | +0.0097% | 8h | 35.730 | −0.112% | $2.9M | $20.9M | 25x | as long as short |
| Variational Omni SOXS | +0.0099% | 8h | 35.709 | −0.171% | $465K | $714K | — | as long as short |
edgeX SOXSUSDC
Kraken Futures PF_SOXSUSD
Bybit SOXSUSDT
Gate SOXS_USDT
SunX SOXS-USDT
HTX SOXS-USDT
Lighter SOXS
OKX SOXS-USDT-SWAP
Variational Omni SOXSShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SOXSUSDT | +0.0133% | 8h | 35.712 | −0.162% | $15.2M | $195.4M | 25x | as long as short |
| MEXC SOXS_USDT | +0.0137% | 8h | 35.710 | −0.168% | $12.6M | $14.3M | 50x | as long as short |
| BloFin SOXS-USDTlong | +0.0171% | 8h | 35.770 | long leg | $186K | $62K | 25x | |
| KuCoin SOXSUSDTM | +0.0189% | 8h | 35.720 | −0.140% | $696K | $2.8M | 10x | as long as short |
| Bitget SOXSUSDT | +0.2343% | 8h | 35.660 | −0.308% | $6.0M | $19.4M | 20x | as long as short |
Binance SOXSUSDT
MEXC SOXS_USDT
KuCoin SOXSUSDTM
Bitget SOXSUSDT