Funding arb · Price arb /

SOXS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0633%/8h= −69.3% APRpaid last 24h −0.014%

Price spread now: BloFin against Kraken Futures+0.057%57s7-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 BloFin

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

The price spread pays, funding is against you. BloFin is 0.057% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 57 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	Kraken Futures PF_SOXSUSD	35.260	0.0820	pay 0.0103% / 1h	47m 30s	$8K	$32K	20x
Short	BloFin SOXS-USDT	35.280	0.0187	get 0.0187% / 8h	2h 47m	$191K	$59K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$132.95
Price spread: +0.057% → 0.000%: $5.74
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$149.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 33 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 BloFin live order book, 33 min ago	2.83 bp	8.8 bp −$9	15.5 bp −$155	44.7 bp −$4,466	155.7 bp −$77.8K

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
Gate SOXS_USDT	0.0000%	8h	35.290	+0.086%	$2.2M	$11.2M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.230	−0.084%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.210	−0.141%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.260	+0.001%	$1.2M	$1.9M	20x	as long as short
Bybit SOXSUSDT	+0.0030%	8h	35.310	+0.142%	$4.2M	$11.0M	50x	as long as short
Lighter SOXS	+0.0032%	1h	35.259	−0.002%	—	—	10x	as long as short
Variational Omni SOXS	+0.0125%	8h	35.139	−0.343%	$447K	$670K	—	as long as short
MEXC SOXS_USDT	+0.0160%	8h	35.300	+0.114%	$12.1M	$13.2M	50x	as long as short
Binance SOXSUSDT	+0.0163%	8h	35.300	+0.114%	$14.7M	$185.6M	25x	as long as short
BloFin SOXS-USDTshort	+0.0187%	8h	35.280	+0.057%	$191K	$59K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SOXSUSDC	+0.0251%	4h	35.230	−0.085%	$38K	$177K	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0263%	8h	35.300	+0.114%	$3.0M	$19.4M	25x	as long as short
KuCoin SOXSUSDTM	+0.0285%	8h	35.260	+0.001%	$684K	$2.6M	10x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.0820%	1h	35.260	long leg	$8K	$32K	20x
Bitget SOXSUSDT	+0.1426%	8h	35.285	+0.072%	$5.7M	$17.5M	20x	as long as short