Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0907%/8h= +99.4% APRpaid last 24h −0.266%

Price spread now: Variational Omni against edgeX+0.111%89s7-day average +0.002% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.373%−$37 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.111%, 7d avg +0.002%

Together, before fees−0.300%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Variational Omni is 0.109% dearer against edgeX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 3 days funding on this pair cost −0.373%, so the current rate has only just turned in your favour. The two prices were read 89 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	34.972	−0.0907	get 0.0454% / 4h	1h 20m	$38K	$185K	10x
Short	Variational Omni SOXS	35.011	0	get 0.0000% / 8h	1h 20m	$299K	$325K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.111%Rate

Funding earned: $190.55
Price spread: +0.111% → +0.002%: $10.89
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $192.44
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 62 min ago; Variational Omni: RFQ quote, 64 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 edgeX live order book, 62 min ago	7.09 bp	12.4 bp −$12	33.6 bp −$336	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 64 min ago	4.09 bp	doesn't fit	21.8 bp −$218	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	−0.1062%	1h	35.010	+0.110%	$8K	$31K	20x	as long as short
edgeX SOXSUSDClong	−0.0907%	4h	34.972	long leg	$38K	$185K	10x
Binance SOXSUSDT	0.0000%	8h	35.022	+0.142%	$13.2M	$167.7M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.030	+0.166%	$3.9M	$10.1M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.020	+0.138%	$2.6M	$14.5M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.010	+0.109%	$2.0M	$9.0M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.020	+0.138%	$13.0M	$10.7M	50x	as long as short
Variational Omni SOXSshort	0.0000%	8h	35.011	+0.111%	$299K	$325K	—
SunX SOXS-USDT	0.0000%	8h	35.030	+0.166%	—	$4.9M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.010	+0.109%	$11K	$23K	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	35.020	+0.138%	$1.2M	$1.9M	20x	as long as short
Bitget SOXSUSDT	+0.0003%	8h	35.040	+0.195%	$5.2M	$15.9M	20x	as long as short
BloFin SOXS-USDT	+0.0020%	8h	35.000	+0.081%	$162K	$57K	25x	as long as short
Lighter SOXS	+0.0032%	1h	34.995	+0.066%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.020	+0.138%	$723K	$2.2M	10x	as long as short