Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1057%/8h= +115.7% APRpaid last 24h −0.211%

Price spread now: Binance against Kraken Futures+0.081%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Binance is 0.081% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	35.201	−0.1057	get 0.0132% / 1h	49m 09s	$8K	$31K	20x
Short	Binance SOXSUSDT	35.230	0	get 0.0000% / 8h	1h 49m	$13.4M	$166.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $221.89
Price spread: +0.081% → 0.000%: $8.12
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $210.01
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 9 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.42 bp	6.4 bp −$6	16.0 bp −$160	82.3 bp −$8,229	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_SOXSUSDlong	−0.1057%	1h	35.201	long leg	$8K	$31K	20x
edgeX SOXSUSDC	−0.0382%	4h	35.206	+0.014%	$38K	$186K	10x	as long as short
Binance SOXSUSDTshort	0.0000%	8h	35.230	+0.081%	$13.4M	$166.0M	25x
Bybit SOXSUSDT	0.0000%	8h	35.240	+0.110%	$4.0M	$10.1M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.230	+0.081%	$2.0M	$8.9M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.230	+0.081%	$13.2M	$10.6M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.202	+0.002%	$302K	$360K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.240	+0.110%	—	$5.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.260	+0.166%	$12K	$23K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.230	+0.081%	$1.2M	$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	0.0000%	8h	35.230	+0.081%	$158K	$57K	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0027%	8h	35.240	+0.110%	$2.4M	$13.6M	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.215	+0.039%	—	—	10x	as long as short
Bitget SOXSUSDT	+0.0056%	8h	35.245	+0.124%	$5.4M	$15.7M	20x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.230	+0.081%	$729K	$2.1M	10x	as long as short