Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Binance against OKX−0.088%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 2 days (all we have)+0.088%+$9 · spread now −0.088%, 7d avg −0.024%

Together, before fees−0.051%−$5 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: Binance is 0.064% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOXS-USDT-SWAP	33.940	0	get 0.0000% / 8h	7h 31m	$2.6M	$16.1M	25x
Short	Binance SOXSUSDT	33.910	0	get 0.0000% / 8h	7h 31m	$14.9M	$170.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → −0.024%: −$6.37
Slippage, 4 orders: −$15.74
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.11
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 12 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 OKX live order book, 2 min ago	1.47 bp	9.2 bp −$9	26.9 bp −$269	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.48 bp	8.7 bp −$9	16.2 bp −$162	73.8 bp −$7,382	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	−0.1376%	1h	33.873	−0.196%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	−0.0305%	8h	33.936	−0.012%	$5.9M	$16.5M	20x	as long as short
BloFin SOXS-USDT	−0.0012%	8h	33.940	0.000%	$164K	$54K	25x	as long as short
Binance SOXSUSDTshort	0.0000%	8h	33.910	−0.088%	$14.9M	$170.9M	25x
OKX SOXS-USDT-SWAPlong	0.0000%	8h	33.940	long leg	$2.6M	$16.1M	25x
Gate SOXS_USDT	0.0000%	8h	33.920	−0.059%	$2.0M	$9.5M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	33.930	−0.029%	$9.9M	$12.0M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	33.910	−0.089%	$297K	$513K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	33.920	−0.059%	—	$4.6M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.150	+0.619%	$11K	$22K	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	33.920	−0.059%	$1.2M	$1.9M	20x	as long as short
Lighter SOXS	+0.0032%	1h	33.890	−0.147%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0087%	8h	33.910	−0.088%	$3.9M	$10.4M	50x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	33.970	+0.088%	$739K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0365%	4h	34.061	+0.357%	$37K	$183K	10x	as long as short