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 0.000%

Price spread now: SunX against OKX−0.084%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1581.580% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.084%, 7d avg −0.050%

Together, before fees+0.136%+$14 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: SunX is 0.035% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOXS-USDT-SWAP	35.550	0	get 0.0000% / 8h	4h 46m	$2.7M	$26.0M	25x
Short	SunX SOXS-USDT	35.520	0	get 0.0000% / 8h	4h 46m	—	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.050%: −$3.46
Slippage, 4 orders: −$140.03
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$161.49
Costs to cover: 1.580%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; SunX: live order book, 5 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, 5 min ago	1.41 bp	8.9 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	46.58 bp	69.2 bp −$69	doesn't fit	doesn't fit	doesn't fit

SOXS on 15 exchanges

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	−0.0235%	1h	35.445	−0.296%	$13K	$35K	20x	as long as short
BloFin SOXS-USDT	−0.0017%	8h	35.500	−0.141%	$173K	$77K	25x	as long as short
Binance SOXSUSDT	0.0000%	8h	35.550	0.000%	$13.9M	$222.1M	25x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.540	−0.028%	$3.8M	$12.6M	50x	as long as short
OKX SOXS-USDT-SWAPlong	0.0000%	8h	35.550	long leg	$2.7M	$26.0M	25x
Gate SOXS_USDT	0.0000%	8h	35.540	−0.028%	$2.1M	$16.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	35.560	+0.028%	$11.9M	$16.1M	50x	as long as short
Variational Omni SOXS	0.0000%	8h	35.416	−0.378%	$428K	$754K	—	as long as short
SunX SOXS-USDTshort	0.0000%	8h	35.520	−0.084%	—	$3.7M	10x
HTX SOXS-USDT	0.0000%	8h	35.460	−0.253%	$12K	$22K	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDT	0.0000%	8h	35.540	−0.028%	$1.2M	$1.8M	20x	as long as short
Lighter SOXS	+0.0032%	1h	35.534	−0.045%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.530	−0.056%	$681K	$3.1M	10x	as long as short
Bitget SOXSUSDT	+0.0400%	8h	35.529	−0.059%	$5.3M	$23.8M	20x	as long as short
edgeX SOXSUSDC	+0.0991%	4h	35.602	+0.147%	$39K	$171K	10x	as long as short