Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Bybit against MEXC−0.027%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.027%, 7d avg −0.001%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOXS_USDT	36.540	0	get 0.0000% / 8h	7h 29m	$12.1M	$15.2M	50x
Short	Bybit SOXSUSDT	36.530	0	get 0.0000% / 8h	7h 29m	$4.2M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.001%: −$2.6
Slippage, 4 orders: −$16.61
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.21
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 3 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 MEXC live order book, 3 min ago	1.37 bp	1.4 bp −$1	2.7 bp −$27	6.9 bp −$690	34.6 bp −$17.3K
Sell Bybit live order book, 3 min ago	1.37 bp	13.5 bp −$14	19.5 bp −$195	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
Kraken Futures PF_SOXSUSD	−0.0659%	1h	36.558	+0.049%	$9K	$33K	20x	as long as short
edgeX SOXSUSDC	−0.0501%	4h	36.377	−0.447%	$40K	$173K	10x	as long as short
Binance SOXSUSDT	0.0000%	8h	36.548	+0.021%	$14.7M	$202.5M	25x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	36.530	−0.027%	$4.2M	$11.5M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	36.530	−0.027%	$2.8M	$22.5M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	36.550	+0.027%	$2.6M	$15.2M	25x	as long as short
MEXC SOXS_USDTlong	0.0000%	8h	36.540	long leg	$12.1M	$15.2M	50x
Variational Omni SOXS	0.0000%	8h	36.389	−0.413%	$475K	$696K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	36.550	+0.027%	—	$4.0M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	36.390	−0.411%	$13K	$27K	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	36.540	0.000%	$1.3M	$1.9M	20x	as long as short
BloFin SOXS-USDT	+0.0016%	8h	36.450	−0.246%	$176K	$67K	25x	as long as short
Lighter SOXS	+0.0032%	1h	36.545	+0.014%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	36.550	+0.027%	$721K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.1718%	8h	36.533	−0.019%	$5.5M	$20.9M	20x	as long as short