Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1471%/8h= +161.0% APRpaid last 24h +0.015%

Price spread now: KuCoin against Kraken Futures−0.068%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 KuCoin

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. KuCoin is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$44 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.003	−0.1371	get 0.0171% / 1h	24m 00s	$8K	$32K	20x
Short	KuCoin SOXSUSDTM	33.980	0.0100	get 0.0100% / 8h	7h 24m	$738K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $308.82
Price spread: −0.068% → 0.000%: −$6.78
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $280.04
Costs to cover: 0.220%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	2.96 bp	45.3 bp −$45	doesn't fit	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
Kraken Futures PF_SOXSUSDlong	−0.1371%	1h	34.003	long leg	$8K	$32K	20x
edgeX SOXSUSDC	−0.0973%	4h	33.695	−0.907%	$37K	$182K	10x	as long as short
Bitget SOXSUSDT	−0.0561%	8h	34.042	+0.115%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.030	+0.079%	$14.8M	$171.5M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.070	+0.197%	$2.5M	$16.4M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.020	+0.050%	$2.0M	$9.6M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.030	+0.079%	$9.6M	$12.1M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.749	−0.746%	$295K	$513K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.980	−0.068%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.860	−0.421%	$11K	$21K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	34.030	+0.079%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0020%	8h	33.890	−0.332%	$168K	$54K	25x	as long as short
Bybit SOXSUSDT	+0.0030%	8h	34.030	+0.079%	$4.0M	$10.5M	50x	as long as short
Lighter SOXS	+0.0032%	1h	33.979	−0.071%	—	—	10x	as long as short
KuCoin SOXSUSDTMshort	+0.0100%	8h	33.980	−0.068%	$738K	$2.3M	10x