Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0552%/8h= −60.4% APRpaid last 24h −0.011%

Price spread now: SunX against Kraken Futures−0.099%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 SunX

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 against this trade now: funding costs −$17 a day on $10k at the current rate, and SunX is 0.099% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SOXSUSD	34.294	0.0552	pay 0.0069% / 1h	38m 50s	$8K	$31K	20x
Short	SunX SOXS-USDT	34.260	0	get 0.0000% / 8h	6h 38m	—	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$115.93
Price spread: −0.099% → 0.000%: −$9.91
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$143.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	48.35 bp	75.0 bp −$75	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
Bitget SOXSUSDT	−0.0590%	8h	34.309	+0.044%	$6.1M	$16.4M	20x	as long as short
edgeX SOXSUSDC	−0.0463%	4h	34.158	−0.395%	$37K	$180K	10x	as long as short
BloFin SOXS-USDT	−0.0018%	8h	34.090	−0.595%	$167K	$54K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.306	+0.035%	$15.9M	$172.4M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.290	−0.012%	$2.2M	$10.0M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.290	−0.012%	$10.1M	$12.0M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.130	−0.479%	$417K	$617K	—	as long as short
SunX SOXS-USDTshort	0.0000%	8h	34.260	−0.099%	—	$4.5M	10x
HTX SOXS-USDT	0.0000%	8h	33.950	−1.003%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.290	−0.012%	$1.2M	$1.9M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	34.280	−0.041%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	34.270	−0.070%	$739K	$2.4M	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0139%	8h	34.340	+0.134%	$3.0M	$17.1M	25x	as long as short
Bybit SOXSUSDT	+0.0439%	8h	34.320	+0.076%	$4.1M	$10.6M	50x	as long as short
Kraken Futures PF_SOXSUSDlong	+0.0552%	1h	34.294	long leg	$8K	$31K	20x