Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.040%

Price spread now: SunX against Bybit−0.056%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1591.593% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.056%, 7d avg −0.036%

Together, before fees+0.238%+$24 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: SunX is 0.020% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXSUSDT	35.670	0	get 0.0000% / 8h	1h 00m	$4.1M	$11.4M	50x
Short	SunX SOXS-USDT	35.650	0	get 0.0000% / 8h	1h 00m	—	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.036%: −$2.02
Slippage, 4 orders: −$140.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$161.34
Costs to cover: 1.593%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 8 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, 3 min ago	1.40 bp	11.0 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	46.22 bp	67.6 bp −$68	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	−0.0878%	4h	35.670	0.000%	$39K	$176K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0028%	1h	35.589	−0.227%	$8K	$32K	20x	as long as short
Bybit SOXSUSDTlong	0.0000%	8h	35.670	long leg	$4.1M	$11.4M	50x
Gate SOXS_USDT	0.0000%	8h	35.650	−0.056%	$2.3M	$12.2M	25x	as long as short
SunX SOXS-USDTshort	0.0000%	8h	35.650	−0.056%	—	$4.3M	10x
HTX SOXS-USDT	0.0000%	8h	35.680	+0.028%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.640	−0.084%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.619	−0.143%	—	—	10x	as long as short
Variational Omni SOXS	+0.0061%	8h	35.659	−0.032%	$462K	$713K	—	as long as short
OKX SOXS-USDT-SWAP	+0.0064%	8h	35.650	−0.056%	$2.9M	$21.0M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDT	+0.0102%	8h	35.640	−0.084%	$13.2M	$14.4M	50x	as long as short
Binance SOXSUSDT	+0.0102%	8h	35.650	−0.056%	$15.2M	$196.4M	25x	as long as short
BloFin SOXS-USDT	+0.0111%	8h	35.640	−0.084%	$183K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0148%	8h	35.660	−0.028%	$693K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.2055%	8h	35.601	−0.193%	$6.0M	$19.6M	20x	as long as short