Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.017%

Price spread now: Bybit against Kraken Futures+0.230%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 Bybit

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 +$4 a day on $10k at the current rate, and Bybit is 0.230% dearer against Kraken Futures than usual: you sell high and buy low: +$23 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	35.668	−0.0119	get 0.0015% / 1h	17m 39s	$8K	$32K	20x
Short	Bybit SOXSUSDT	35.750	0	get 0.0000% / 8h	17m 39s	$4.2M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.230%Rate

Funding earned: $25
Price spread: +0.230% → 0.000%: $23.01
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $27.01
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 6 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 Bybit live order book, 6 min ago	1.39 bp	12.1 bp −$12	18.9 bp −$189	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 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
edgeX SOXSUSDC	−0.0374%	4h	35.844	+0.493%	$39K	$174K	10x	as long as short
Kraken Futures PF_SOXSUSDlong	−0.0119%	1h	35.668	long leg	$8K	$32K	20x
Bybit SOXSUSDTshort	0.0000%	8h	35.750	+0.230%	$4.2M	$11.5M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	35.740	+0.202%	$2.7M	$21.4M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.720	+0.146%	$2.1M	$12.3M	25x	as long as short
Variational Omni SOXS	0.0000%	8h	35.759	+0.255%	$464K	$709K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.720	+0.146%	—	$4.2M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.810	+0.398%	$11K	$27K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.700	+0.090%	$1.2M	$1.9M	20x	as long as short
Binance SOXSUSDT	+0.0019%	8h	35.736	+0.190%	$14.8M	$197.7M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDT	+0.0023%	8h	35.720	+0.146%	$11.6M	$14.7M	50x	as long as short
BloFin SOXS-USDT	+0.0031%	8h	35.720	+0.146%	$177K	$63K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.719	+0.143%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.740	+0.202%	$693K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.1919%	8h	35.690	+0.062%	$6.1M	$19.8M	20x	as long as short