Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1056%/8h= −115.6% APRpaid last 24h +0.155%

Price spread now: Kraken Futures against Bybit−0.039%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$32 a day on $10k at the current rate, and Kraken Futures is 0.039% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXSUSDT	35.240	0	get 0.0000% / 8h	1h 46m	$4.0M	$10.1M	50x
Short	Kraken Futures PF_SOXSUSD	35.226	−0.1056	pay 0.0132% / 1h	46m 14s	$8K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$221.73
Price spread: −0.039% → 0.000%: −$3.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$246.63
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.42 bp	11.3 bp −$11	19.0 bp −$190	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	−0.1056%	1h	35.226	−0.039%	$8K	$31K	20x
edgeX SOXSUSDC	−0.0382%	4h	35.206	−0.095%	$38K	$186K	10x	as long as short
BloFin SOXS-USDT	−0.0029%	8h	35.220	−0.057%	$158K	$57K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.230	−0.028%	$13.4M	$166.1M	25x	as long as short
Bybit SOXSUSDTlong	0.0000%	8h	35.240	long leg	$4.0M	$10.1M	50x
Gate SOXS_USDT	0.0000%	8h	35.240	0.000%	$2.0M	$8.9M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.240	0.000%	$13.2M	$10.6M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.202	−0.108%	$302K	$360K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.250	+0.028%	—	$5.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.280	+0.114%	$12K	$23K	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	35.230	−0.028%	$1.2M	$1.9M	20x	as long as short
OKX SOXS-USDT-SWAP	+0.0026%	8h	35.240	0.000%	$2.4M	$13.7M	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.224	−0.045%	—	—	10x	as long as short
Bitget SOXSUSDT	+0.0050%	8h	35.247	+0.020%	$5.4M	$15.7M	20x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.260	+0.057%	$730K	$2.1M	10x	as long as short