Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h −0.095%

Price spread now: edgeX against OKX−0.207%61s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.454% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.243%+$24 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.207%, 7d avg −0.046%

Together, before fees+0.129%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.161% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.243%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOXS-USDT-SWAP	34.170	0.0258	pay 0.0258% / 8h	5h 30m	$3.1M	$17.2M	25x
Short	edgeX SOXSUSDC	34.099	0.0029	get 0.0015% / 4h	1h 30m	$37K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$47.99
Price spread: −0.207% → −0.046%: −$16.1
Slippage, 4 orders: −$26.44
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$109.52
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; edgeX: live order book, 31 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, 3 min ago	1.47 bp	8.5 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell edgeX live order book, 31 min ago	8.76 bp	13.9 bp −$14	36.9 bp −$369	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	−0.0160%	8h	34.139	−0.091%	$6.0M	$16.5M	20x	as long as short
BloFin SOXS-USDT	−0.0002%	8h	34.090	−0.234%	$192K	$54K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.148	−0.064%	$15.8M	$172.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.110	−0.176%	$2.2M	$10.2M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.130	−0.117%	$10.0M	$12.5M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	34.108	−0.181%	$430K	$620K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.110	−0.176%	—	$4.4M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.190	+0.059%	$10K	$24K	10x	as long as short
Phemex SOXSUSDT	0.0000%	8h	34.080	−0.263%	$1.2M	$1.9M	20x	as long as short
edgeX SOXSUSDCshort	+0.0029%	4h	34.099	−0.207%	$37K	$180K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	34.090	−0.234%	—	—	10x	as long as short
Bybit SOXSUSDT	+0.0160%	8h	34.140	−0.088%	$4.2M	$10.4M	50x	as long as short
KuCoin SOXSUSDTM	+0.0217%	8h	34.130	−0.117%	$723K	$2.4M	10x	as long as short
OKX SOXS-USDT-SWAPlong	+0.0258%	8h	34.170	long leg	$3.1M	$17.2M	25x
Kraken Futures PF_SOXSUSD	+0.1161%	1h	34.091	−0.232%	$8K	$31K	20x	as long as short