Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h −0.034%

Price spread now: HTX against Kraken Futures−0.300%59s7-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 HTX

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. HTX is 0.300% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.300% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 36 days of funding at the current rate (+$1 a day). The two prices were read 59 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	35.988	−0.0028	get 0.0003% / 1h	39m 24s	$8K	$32K	20x
Short	HTX SOXS-USDT	35.880	0	get 0.0000% / 8h	1h 39m	$11K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.300%Rate

Funding earned: $5.8
Price spread: −0.300% → 0.000%: −$30
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.2
Costs to cover: 0.220%
Break-even: 62.7 days

Slippage unknown: Kraken Futures: no order-book sample; HTX: no order-book sample. 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 HTX no order-book sample	—	—	—	—	—

Kraken Futures and HTX: 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	−0.0660%	4h	35.924	−0.178%	$39K	$175K	10x	as long as short
Kraken Futures PF_SOXSUSDlong	−0.0028%	1h	35.988	long leg	$8K	$32K	20x
Bybit SOXSUSDT	0.0000%	8h	36.000	+0.033%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.990	+0.006%	$2.2M	$11.8M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.980	−0.022%	—	$4.3M	10x	as long as short
HTX SOXS-USDTshort	0.0000%	8h	35.880	−0.300%	$11K	$24K	10x
Phemex SOXSUSDT	0.0000%	8h	35.960	−0.078%	$1.3M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.969	−0.053%	—	—	10x	as long as short
Variational Omni SOXS	+0.0118%	8h	35.929	−0.165%	$464K	$717K	—	as long as short
BloFin SOXS-USDT	+0.0151%	8h	35.920	−0.189%	$187K	$62K	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	+0.0157%	8h	35.990	+0.006%	$12.1M	$14.0M	50x	as long as short
Binance SOXSUSDT	+0.0157%	8h	35.987	−0.002%	$15.5M	$194.3M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0159%	8h	36.000	+0.033%	$3.0M	$20.9M	25x	as long as short
KuCoin SOXSUSDTM	+0.0233%	8h	35.990	+0.006%	$700K	$2.7M	10x	as long as short
Bitget SOXSUSDT	+0.2274%	8h	35.928	−0.167%	$6.0M	$19.3M	20x	as long as short