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 −0.019%

Price spread now: Variational Omni against Bybit+0.166%7-day average −0.027% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.166%, 7d avg −0.027%

Together, before fees−0.136%+ Points / potential airdropVariational Omni: Active · farm board−$14 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: Variational Omni is 0.193% dearer against Bybit than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOXSUSDT	35.700	0	get 0.0000% / 8h	7h 01m	$4.0M	$11.7M	50x
Short	Variational Omni SOXS	35.759	0	get 0.0000% / 8h	7h 01m	$443K	$729K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → −0.027%: $19.25
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.25
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 33 min ago. 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	1.40 bp	13.2 bp −$13	18.0 bp −$180	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 33 min ago	4.02 bp	doesn't fit	11.8 bp −$118	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
Kraken Futures PF_SOXSUSD	−0.0674%	1h	35.725	+0.070%	$9K	$31K	20x	as long as short
BloFin SOXS-USDT	−0.0025%	8h	35.750	+0.140%	$178K	$68K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.678	−0.062%	$14.0M	$206.8M	25x	as long as short
Bybit SOXSUSDTlong	0.0000%	8h	35.700	long leg	$4.0M	$11.7M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	35.710	+0.028%	$2.7M	$22.9M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.670	−0.084%	$2.3M	$16.1M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.660	−0.112%	$11.1M	$15.6M	50x	as long as short
Variational Omni SOXSshort	0.0000%	8h	35.759	+0.166%	$443K	$729K	—
SunX SOXS-USDT	0.0000%	8h	35.740	+0.112%	—	$4.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.720	+0.056%	$12K	$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	35.740	+0.112%	$1.3M	$1.8M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.665	−0.098%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.720	+0.056%	$711K	$2.9M	10x	as long as short
edgeX SOXSUSDC	+0.0102%	4h	35.695	−0.015%	$39K	$173K	10x	as long as short
Bitget SOXSUSDT	+0.1474%	8h	35.722	+0.062%	$5.2M	$21.5M	20x	as long as short