Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0363%/8h= −39.7% APRpaid last 24h −0.083%

Price spread now: Bitget against edgeX−0.142%104s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as 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−$500.503% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.962%−$96 on $10k

Price spread, last 3 days (all we have)+0.215%+$21 · spread now −0.142%, 7d avg +0.046%

Together, before fees−0.747%+ Points / potential airdropedgeX: Active · farm board−$75 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.188% cheaper against edgeX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 104 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	edgeX SOXSUSDC	33.830	−0.0463	get 0.0232% / 4h	3h 05m	$37K	$182K	10x
Short	Bitget SOXSUSDT	33.782	−0.0826	pay 0.0826% / 8h	7h 05m	$5.9M	$16.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$76.2
Price spread: −0.142% → +0.046%: −$18.78
Slippage, 4 orders: −$29.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$145.27
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Bitget: live order book, 3 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 edgeX live order book, 1 min ago	8.89 bp	13.9 bp −$14	36.5 bp −$365	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.48 bp	13.0 bp −$13	35.3 bp −$353	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	−0.1381%	1h	33.752	−0.231%	$8K	$32K	20x	as long as short
Bitget SOXSUSDTshort	−0.0826%	8h	33.782	−0.142%	$5.9M	$16.5M	20x
edgeX SOXSUSDClong	−0.0463%	4h	33.830	long leg	$37K	$182K	10x
BloFin SOXS-USDT	−0.0025%	8h	33.750	−0.236%	$165K	$54K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.761	−0.204%	$14.8M	$171.6M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	33.770	−0.177%	$2.5M	$16.2M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.770	−0.177%	$2.0M	$9.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.770	−0.177%	$9.5M	$12.3M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.749	−0.240%	$412K	$625K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.780	−0.148%	—	$4.6M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOXS-USDT	0.0000%	8h	33.850	+0.059%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	33.770	−0.177%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	33.719	−0.328%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	33.800	−0.089%	$731K	$2.3M	10x	as long as short
Bybit SOXSUSDT	+0.0113%	8h	33.780	−0.148%	$4.0M	$10.5M	50x	as long as short