Funding you earn now, next payment 08:00 UTC+0.0445%/8h= +48.7% APRpaid last 24h +0.139%
Price spread now: Phemex against edgeX+0.112%78s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as 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−$1091.087% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.112%, 7d avg −0.016%
=Together, before fees−0.184%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phemex is 0.129% dearer against edgeX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SOXSUSDC | 35.710 | −0.0445 | get 0.0222% / 4h | 12m 19s | $39K | $175K | 10x |
| Short | Phemex SOXSUSDT | 35.750 | 0 | get 0.0000% / 8h | 12m 19s | $1.2M | $1.9M | 20x |
edgeX SOXSUSDC
Phemex SOXSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $93.41
- Price spread: +0.112% → −0.016%
- $12.89
- Slippage, 4 orders
- −$87.66
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$2.36
- Costs to cover
- 1.087%
- Break-even
- 7.2 days
Slippage from edgeX: live order book, 24 min ago; Phemex: 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 edgeX live order book, 24 min ago | 8.39 bp | 14.1 bp −$14 | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.80 bp | 40.2 bp −$40 | 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 SOXSUSDClong | −0.0445% | 4h | 35.710 | long leg | $39K | $175K | 10x | |
| Kraken Futures PF_SOXSUSD | −0.0119% | 1h | 35.658 | −0.146% | $8K | $32K | 20x | as long as short |
| Bybit SOXSUSDT | 0.0000% | 8h | 35.750 | +0.112% | $4.2M | $11.5M | 50x | as long as short |
| OKX SOXS-USDT-SWAP | 0.0000% | 8h | 35.750 | +0.112% | $2.7M | $21.5M | 25x | as long as short |
| Gate SOXS_USDT | 0.0000% | 8h | 35.720 | +0.028% | $2.1M | $12.4M | 25x | as long as short |
| Variational Omni SOXS | 0.0000% | 8h | 35.729 | +0.055% | $464K | $709K | — | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 35.730 | +0.056% | — | $4.2M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 35.770 | +0.168% | $12K | $27K | 10x | as long as short |
| Phemex SOXSUSDTshort | 0.0000% | 8h | 35.750 | +0.112% | $1.2M | $1.9M | 20x | |
| Binance SOXSUSDT | +0.0009% | 8h | 35.718 | +0.022% | $14.7M | $197.7M | 25x | as long as short |
Kraken Futures PF_SOXSUSD
Bybit SOXSUSDT
OKX SOXS-USDT-SWAP
Gate SOXS_USDT
Variational Omni SOXS
SunX SOXS-USDT
HTX SOXS-USDT
Binance SOXSUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SOXS_USDT | +0.0010% | 8h | 35.690 | −0.056% | $11.6M | $14.7M | 50x | as long as short |
| BloFin SOXS-USDT | +0.0024% | 8h | 35.630 | −0.224% | $177K | $63K | 25x | as long as short |
| Lighter SOXS | +0.0032% | 1h | 35.679 | −0.086% | — | — | 10x | as long as short |
| KuCoin SOXSUSDTM | +0.0100% | 8h | 35.700 | −0.028% | $693K | $2.8M | 10x | as long as short |
| Bitget SOXSUSDT | +0.1871% | 8h | 35.696 | −0.039% | $6.1M | $19.8M | 20x | as long as short |
MEXC SOXS_USDT
BloFin SOXS-USDT
Lighter SOXS
KuCoin SOXSUSDTM
Bitget SOXSUSDT