SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h −0.017%

Price spread now: Phemex against MEXC−0.028%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$24 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.028%, 7d avg −0.016%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.245%, 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	MEXC SOXS_USDT	35.680	0.0087	pay 0.0087% / 8h	49m 04s	$13.2M	$14.3M	50x
Short	Phemex SOXSUSDT	35.670	0	get 0.0000% / 8h	49m 04s	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$18.27
Price spread: −0.028% → −0.016%: −$1.16
Slippage, 4 orders: −$90.93
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$122.36
Costs to cover: 1.029%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	1.40 bp	1.4 bp −$1	3.7 bp −$37	8.7 bp −$870	32.0 bp −$16.0K
Sell Phemex live order book, 4 min ago	4.19 bp	47.5 bp −$47	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
Kraken Futures PF_SOXSUSD	−0.0119%	1h	35.646	−0.096%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.690	+0.028%	$4.1M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.690	+0.028%	$2.2M	$12.1M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.700	+0.056%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.840	+0.448%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	35.670	−0.028%	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	35.670	−0.028%	—	—	10x	as long as short
OKX SOXS-USDT-SWAP	+0.0040%	8h	35.680	0.000%	$2.8M	$21.1M	25x	as long as short
Variational Omni SOXS	+0.0041%	8h	35.808	+0.359%	$465K	$705K	—	as long as short
Binance SOXSUSDT	+0.0085%	8h	35.674	−0.018%	$15.2M	$196.1M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SOXS_USDTlong	+0.0087%	8h	35.680	long leg	$13.2M	$14.3M	50x
BloFin SOXS-USDT	+0.0105%	8h	35.700	+0.056%	$183K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0123%	8h	35.700	+0.056%	$693K	$2.8M	10x	as long as short
edgeX SOXSUSDC	+0.0853%	4h	35.802	+0.342%	$39K	$175K	10x	as long as short
Bitget SOXSUSDT	+0.2021%	8h	35.632	−0.135%	$6.0M	$19.6M	20x	as long as short