Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1378%/8h= +150.9% APRpaid last 24h +0.001%

Price spread now: MEXC against Kraken Futures+0.413%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 MEXC

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 +$41 a day on $10k at the current rate, and MEXC is 0.413% dearer against Kraken Futures than usual: you sell high and buy low: +$41 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	33.820	−0.1378	get 0.0172% / 1h	24m 42s	$8K	$32K	20x
Short	MEXC SOXS_USDT	33.960	0	get 0.0000% / 8h	7h 24m	$9.6M	$12.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.413%Rate

Funding earned: $289.38
Price spread: +0.413% → 0.000%: $41.35
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $320.72
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.48 bp	1.5 bp −$1	3.8 bp −$38	9.3 bp −$928	41.3 bp −$20.6K

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	−0.1378%	1h	33.820	long leg	$8K	$32K	20x
edgeX SOXSUSDC	−0.0973%	4h	33.695	−0.371%	$37K	$182K	10x	as long as short
Bitget SOXSUSDT	−0.0540%	8h	33.972	+0.449%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.971	+0.445%	$14.9M	$171.5M	25x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	34.020	+0.591%	$2.5M	$16.4M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.850	+0.088%	$2.0M	$9.6M	25x	as long as short
MEXC SOXS_USDTshort	0.0000%	8h	33.960	+0.413%	$9.6M	$12.1M	50x
Variational Omni SOXS	0.0000%	8h	33.749	−0.209%	$295K	$513K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.850	+0.088%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	33.860	+0.118%	$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	33.870	+0.147%	$1.2M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0020%	8h	33.890	+0.207%	$168K	$54K	25x	as long as short
Bybit SOXSUSDT	+0.0030%	8h	33.990	+0.502%	$4.0M	$10.5M	50x	as long as short
Lighter SOXS	+0.0032%	1h	33.924	+0.307%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	33.870	+0.147%	$736K	$2.3M	10x	as long as short