Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1665%/8h= +182.3% APRpaid last 24h +0.178%

Price spread now: Bitget against Kraken Futures−0.069%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$50 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.949	−0.0803	get 0.0100% / 1h	51m 37s	$12K	$35K	20x
Short	Bitget SOXSUSDT	34.925	0.0862	get 0.0862% / 8h	5h 51m	$5.3M	$23.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.069%Rate

Funding earned: $349.64
Price spread: −0.069% → 0.000%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $320.71
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.00 bp	11.0 bp −$11	26.7 bp −$267	doesn't fit	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 exchanges

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	−0.0803%	1h	34.949	long leg	$12K	$35K	20x
edgeX SOXSUSDC	−0.0146%	4h	35.142	+0.550%	$38K	$171K	10x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.967	+0.051%	$13.4M	$217.1M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	34.950	+0.002%	$3.8M	$12.3M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.940	−0.026%	$2.6M	$24.3M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.980	+0.088%	$2.0M	$16.5M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.960	+0.031%	$9.9M	$15.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.156	+0.592%	$437K	$741K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.000	+0.145%	—	$3.8M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.070	+0.346%	$12K	$22K	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	34.980	+0.088%	$1.2M	$1.8M	20x	as long as short
BloFin SOXS-USDT	+0.0012%	8h	35.060	+0.317%	$172K	$71K	25x	as long as short
Lighter SOXS	+0.0032%	1h	34.924	−0.072%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.010	+0.174%	$668K	$3.0M	10x	as long as short
Bitget SOXSUSDTshort	+0.0862%	8h	34.925	−0.069%	$5.3M	$23.0M	20x