Funding you earn now, next payment 16:00 UTC−0.0113%/8h= −12.4% APRnext payment −$1.13 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against Gate−0.028%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.216%−$22 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.028%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.029% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOXS_USDT | 36.040 | 0.0113 | pay 0.0113% / 8h | 7h 53m | $3.0M | $14.1M | 25x |
| Short | Binance SOXSUSDT | 36.030 | 0 | get 0.0000% / 8h | 7h 53m | $14.9M | $200.1M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$23.73
- Price spread: −0.028% → +0.002%
- −$2.94
- Slippage, 4 orders
- −$16.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.83
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 5 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 Gate live order book, 1 min ago | 1.39 bp | 18.0 bp −$18 | 36.8 bp −$368 | 66.2 bp −$6,622 | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.40 bp | 6.4 bp −$6 | 11.2 bp −$112 | 75.6 bp −$7,564 | 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 | −0.0669% | 1h | 36.034 | −0.018% | $10K | $33K | 20x | as long as short |
| edgeX SOXSUSDC | −0.0551% | 4h | 36.026 | −0.039% | $39K | $172K | 10x | as long as short |
| Binance SOXSUSDTshort | 0.0000% | 8h | 36.030 | −0.028% | $14.9M | $200.1M | 25x | |
| Bybit SOXSUSDT | 0.0000% | 8h | 36.080 | +0.111% | $4.2M | $11.5M | 50x | as long as short |
| OKX SOXS-USDT-SWAP | 0.0000% | 8h | 36.060 | +0.055% | $2.7M | $21.8M | 25x | as long as short |
| MEXC SOXS_USDT | 0.0000% | 8h | 36.000 | −0.111% | $13.4M | $15.0M | 50x | as long as short |
| Variational Omni SOXS | 0.0000% | 8h | 35.849 | −0.530% | $465K | $701K | — | as long as short |
| SunX SOXS-USDT | 0.0000% | 8h | 36.050 | +0.028% | — | $4.2M | 10x | as long as short |
| HTX SOXS-USDT | 0.0000% | 8h | 36.150 | +0.305% | $13K | $27K | 10x | as long as short |
| Phemex SOXSUSDT | 0.0000% | 8h | 36.060 | +0.055% | $1.3M | $1.9M | 20x | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SOXS-USDT | +0.0008% | 8h | 36.040 | 0.000% | $173K | $65K | 25x | as long as short |
| Lighter SOXS | +0.0032% | 1h | 36.030 | −0.028% | — | — | 10x | as long as short |
| KuCoin SOXSUSDTM | +0.0100% | 8h | 35.910 | −0.361% | $708K | $2.8M | 10x | as long as short |
| Gate SOXS_USDTlong | +0.0113% | 8h | 36.040 | long leg | $3.0M | $14.1M | 25x | |
| Bitget SOXSUSDT | +0.1835% | 8h | 35.987 | −0.147% | $5.7M | $20.2M | 20x | as long as short |
Gate SOXS_USDT
Binance SOXSUSDT
Kraken Futures PF_SOXSUSD
edgeX SOXSUSDC
Bybit SOXSUSDT
OKX SOXS-USDT-SWAP
MEXC SOXS_USDT
Variational Omni SOXS
SunX SOXS-USDT
HTX SOXS-USDT
Phemex SOXSUSDT
BloFin SOXS-USDT
Lighter SOXS
KuCoin SOXSUSDTM
Bitget SOXSUSDT