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 −0.017%

Price spread now: MEXC against Bybit−0.085%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.085%, 7d avg +0.001%

Together, before fees+0.021%+$2 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: MEXC is 0.086% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXSUSDT	35.150	0	get 0.0000% / 8h	5h 05m	$3.8M	$12.4M	50x
Short	MEXC SOXS_USDT	35.120	0	get 0.0000% / 8h	5h 05m	$12.2M	$16.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → +0.001%: −$8.59
Slippage, 4 orders: −$19.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.99
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; MEXC: live order book, 1 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 Bybit live order book, 6 min ago	1.42 bp	11.5 bp −$12	17.2 bp −$172	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.43 bp	1.4 bp −$1	1.4 bp −$14	7.3 bp −$725	35.0 bp −$17.5K

SOXS on 15 exchanges

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_SOXSUSD	−0.0802%	1h	35.011	−0.396%	$13K	$35K	20x	as long as short
BloFin SOXS-USDT	−0.0024%	8h	35.110	−0.114%	$174K	$75K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.127	−0.064%	$13.6M	$219.6M	25x	as long as short
Bybit SOXSUSDTlong	0.0000%	8h	35.150	long leg	$3.8M	$12.4M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	35.140	−0.028%	$2.6M	$25.1M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.100	−0.142%	$2.0M	$16.9M	25x	as long as short
MEXC SOXS_USDTshort	0.0000%	8h	35.120	−0.085%	$12.2M	$16.1M	50x
Variational Omni SOXS	0.0000%	8h	35.066	−0.240%	$424K	$754K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.090	−0.171%	—	$3.8M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.130	−0.057%	$12K	$22K	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	35.090	−0.171%	$1.2M	$1.8M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.094	−0.159%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.120	−0.085%	$670K	$3.0M	10x	as long as short
Bitget SOXSUSDT	+0.0537%	8h	35.122	−0.080%	$5.2M	$23.3M	20x	as long as short
edgeX SOXSUSDC	+0.0747%	4h	35.068	−0.232%	$38K	$171K	10x	as long as short