Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.126%

Price spread now: Phemex against OKX0.000%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1371.372% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now 0.000%, 7d avg −0.065%

Together, before fees+0.052%+$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: Phemex is 0.065% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOXS-USDT-SWAP	34.720	0	get 0.0000% / 8h	16m 49s	$2.5M	$14.8M	25x
Short	Phemex SOXSUSDT	34.720	0	get 0.0000% / 8h	16m 49s	$1.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.065%: $6.54
Slippage, 4 orders: −$115.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$130.65
Costs to cover: 1.372%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 1 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, 1 min ago	1.44 bp	9.2 bp −$9	16.0 bp −$160	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	4.33 bp	62.5 bp −$62	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	−0.0299%	1h	34.662	−0.168%	$8K	$32K	20x	as long as short
BloFin SOXS-USDT	−0.0027%	8h	34.710	−0.029%	$165K	$56K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.710	−0.029%	$12.9M	$163.5M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	34.730	+0.029%	$3.9M	$9.7M	50x	as long as short
OKX SOXS-USDT-SWAPlong	0.0000%	8h	34.720	long leg	$2.5M	$14.8M	25x
Gate SOXS_USDT	0.0000%	8h	34.710	−0.029%	$2.0M	$8.8M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.710	−0.029%	$12.4M	$11.1M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.715	−0.014%	$4.8M	$15.2M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.720	+0.001%	$297K	$314K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.710	−0.029%	—	$4.7M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOXS-USDT	0.0000%	8h	34.720	0.000%	$11K	$23K	10x	as long as short
Phemex SOXSUSDTshort	0.0000%	8h	34.720	0.000%	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	34.695	−0.072%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	34.680	−0.115%	$707K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0111%	4h	34.650	−0.201%	$38K	$184K	10x	as long as short