SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0267%/8h= −29.2% APRnext payment −$2.67 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin−0.147%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$229as in the Price arb table

costs, in and out, $10k−$2162.162% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.388%+$39 · spread now −0.147%, 7d avg −0.016%

Together, before fees+0.615%+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.132% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.227%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOXSUSDTM	33.990	0.0267	pay 0.0267% / 8h	5h 01m	$703K	$2.5M	10x
Short	Phemex SOXSUSDT	33.940	0	get 0.0000% / 8h	5h 01m	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$56.07
Price spread: −0.147% → −0.016%: −$13.15
Slippage, 4 orders: −$192.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$285.4
Costs to cover: 2.162%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Phemex: live order book, 2 min ago.

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	1.47 bp	75.7 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.47 bp	39.7 bp −$40	doesn't fit	doesn't fit	doesn't fit

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	−0.0312%	8h	33.972	−0.053%	$6.0M	$16.5M	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	33.940	−0.147%	$15.6M	$173.1M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	33.970	−0.059%	$2.1M	$10.4M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.960	−0.088%	$10.1M	$12.7M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.968	−0.064%	$429K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.950	−0.118%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.070	+0.235%	$10K	$24K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	33.940	−0.147%	$1.2M	$1.9M	20x
BloFin SOXS-USDT	+0.0029%	8h	33.990	0.000%	$192K	$54K	25x	as long as short
Lighter SOXS	+0.0032%	1h	33.899	−0.268%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SOXSUSDT	+0.0135%	8h	33.970	−0.059%	$4.1M	$10.4M	50x	as long as short
edgeX SOXSUSDC	+0.0234%	4h	33.958	−0.095%	$37K	$179K	10x	as long as short
KuCoin SOXSUSDTMlong	+0.0267%	8h	33.990	long leg	$703K	$2.5M	10x
OKX SOXS-USDT-SWAP	+0.0305%	8h	33.990	0.000%	$3.1M	$17.2M	25x	as long as short
Kraken Futures PF_SOXSUSD	+0.1166%	1h	33.939	−0.150%	$8K	$31K	20x	as long as short