Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0625%/8h= −68.5% APRpaid last 24h −0.031%

Price spread now: OKX against Kraken Futures+0.305%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 OKX

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. OKX is 0.305% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.305% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	35.312	0.0819	pay 0.0102% / 1h	10m 57s	$8K	$32K	20x
Short	OKX SOXS-USDT-SWAP	35.420	0.0194	get 0.0194% / 8h	2h 10m	$2.9M	$20.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.305%Rate

Funding earned: −$131.34
Price spread: +0.305% → 0.000%: $30.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$120.81
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; OKX: 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 OKX live order book, 3 min ago	2.81 bp	11.6 bp −$12	18.6 bp −$186	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
Bybit SOXSUSDT	0.0000%	8h	35.400	+0.249%	$4.2M	$11.3M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.360	+0.135%	$2.2M	$11.7M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.380	+0.192%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.410	+0.277%	$11K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.380	+0.192%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.340	+0.079%	—	—	10x	as long as short
BloFin SOXS-USDT	+0.0127%	8h	35.360	+0.135%	$183K	$60K	25x	as long as short
Variational Omni SOXS	+0.0130%	8h	35.749	+1.237%	$461K	$707K	—	as long as short
Binance SOXSUSDT	+0.0144%	8h	35.401	+0.251%	$15.1M	$191.3M	25x	as long as short
MEXC SOXS_USDT	+0.0146%	8h	35.410	+0.277%	$10.4M	$13.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SOXSUSDC	+0.0149%	4h	35.542	+0.649%	$39K	$175K	10x	as long as short
OKX SOXS-USDT-SWAPshort	+0.0194%	8h	35.420	+0.305%	$2.9M	$20.2M	25x
KuCoin SOXSUSDTM	+0.0260%	8h	35.380	+0.192%	$684K	$2.7M	10x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.0819%	1h	35.312	long leg	$8K	$32K	20x
Bitget SOXSUSDT	+0.2155%	8h	35.382	+0.198%	$5.8M	$19.0M	20x	as long as short