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: Bybit against Gate−0.028%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 7 days−0.025%−$2 · spread now −0.028%, 7d avg +0.014%

Together, before fees−0.165%−$16 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: Bybit is 0.042% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOXS_USDT	35.990	0	get 0.0000% / 8h	7h 12m	$2.3M	$15.9M	25x
Short	Bybit SOXSUSDT	35.980	0	get 0.0000% / 8h	7h 12m	$4.0M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.014%: −$4.23
Slippage, 4 orders: −$23.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.8
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: 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	11.5 bp −$11	28.0 bp −$280	70.9 bp −$7,090	doesn't fit
Sell Bybit live order book, 5 min ago	1.39 bp	13.8 bp −$14	25.5 bp −$255	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	−0.0670%	1h	35.974	−0.046%	$9K	$31K	20x	as long as short
edgeX SOXSUSDC	−0.0245%	4h	35.923	−0.186%	$39K	$173K	10x	as long as short
BloFin SOXS-USDT	−0.0006%	8h	36.030	+0.111%	$184K	$68K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.970	−0.054%	$14.3M	$205.5M	25x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	35.980	−0.028%	$4.0M	$11.7M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	35.950	−0.111%	$2.8M	$22.9M	25x	as long as short
Gate SOXS_USDTlong	0.0000%	8h	35.990	long leg	$2.3M	$15.9M	25x
MEXC SOXS_USDT	0.0000%	8h	35.990	0.000%	$11.5M	$15.3M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.880	−0.306%	$454K	$719K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.960	−0.083%	—	$4.0M	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	35.990	0.000%	$13K	$27K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	36.040	+0.139%	$1.3M	$1.8M	20x	as long as short
Lighter SOXS	+0.0032%	1h	36.005	+0.042%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	36.020	+0.083%	$719K	$2.9M	10x	as long as short
Bitget SOXSUSDT	+0.1587%	8h	35.985	−0.014%	$5.2M	$21.3M	20x	as long as short