Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0899%/8h= −98.5% APRpaid last 24h −0.025%

Price spread now: Kraken Futures against KuCoin+0.109%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Kraken Futures

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. Kraken Futures is 0.109% dearer against KuCoin than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOXSUSDTM	35.070	0.0100	pay 0.0100% / 8h	5h 44m	$668K	$3.0M	10x
Short	Kraken Futures PF_SOXSUSD	35.108	−0.0799	pay 0.0100% / 1h	44m 53s	$12K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$188.86
Price spread: +0.109% → 0.000%: $10.87
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$199.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Kraken Futures: 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 KuCoin live order book, 5 min ago	1.43 bp	44.5 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 exchanges

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_SOXSUSDshort	−0.0799%	1h	35.108	+0.109%	$12K	$34K	20x
Binance SOXSUSDT	0.0000%	8h	35.101	+0.088%	$13.6M	$218.3M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.120	+0.143%	$3.8M	$12.4M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.130	+0.171%	$2.6M	$24.7M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.090	+0.057%	$2.0M	$16.6M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.080	+0.029%	$10.0M	$15.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.046	−0.068%	$429K	$748K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.080	+0.029%	—	$3.8M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.130	+0.171%	$12K	$22K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	35.080	+0.029%	$1.2M	$1.8M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SOXS-USDT	+0.0023%	8h	35.140	+0.200%	$172K	$72K	25x	as long as short
Lighter SOXS	+0.0032%	1h	35.075	+0.014%	—	—	10x	as long as short
KuCoin SOXSUSDTMlong	+0.0100%	8h	35.070	long leg	$668K	$3.0M	10x
edgeX SOXSUSDC	+0.0165%	4h	34.954	−0.331%	$38K	$172K	10x	as long as short
Bitget SOXSUSDT	+0.0822%	8h	35.100	+0.086%	$5.3M	$23.1M	20x	as long as short