SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0178%/8h= +19.5% APRnext payment +$1.78 per $10,000 · paid last 24h +0.016%

Price spread now: Binance against Phemex+0.152%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$900.897% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.152%, 7d avg +0.056%

Together, before fees−0.353%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.096% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.244%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	35.820	0	get 0.0000% / 8h	2h 29m	$1.2M	$1.9M	20x
Short	Binance SOXSUSDT	35.874	0.0178	get 0.0178% / 8h	2h 29m	$15.4M	$188.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now +0.152%Rate

Funding earned: $37.46
Price spread: +0.152% → +0.056%: $9.6
Slippage, 4 orders: −$67.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.62
Costs to cover: 0.897%
Break-even: 15.0 days

Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 14 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 Phemex live order book, 4 min ago	2.79 bp	37.2 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.40 bp	6.5 bp −$7	11.0 bp −$110	58.9 bp −$5,889	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
Gate SOXS_USDT	0.0000%	8h	35.800	−0.056%	$2.2M	$11.4M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.860	+0.112%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.840	+0.056%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.820	long leg	$1.2M	$1.9M	20x
Bybit SOXSUSDT	+0.0006%	8h	35.890	+0.195%	$4.2M	$11.1M	50x	as long as short
Lighter SOXS	+0.0032%	1h	35.770	−0.140%	—	—	10x	as long as short
Variational Omni SOXS	+0.0147%	8h	35.859	+0.110%	$457K	$672K	—	as long as short
BloFin SOXS-USDT	+0.0168%	8h	35.820	0.000%	$188K	$60K	25x	as long as short
MEXC SOXS_USDT	+0.0178%	8h	35.780	−0.112%	$11.0M	$13.5M	50x	as long as short
Binance SOXSUSDTshort	+0.0178%	8h	35.874	+0.152%	$15.4M	$188.4M	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SOXS-USDT-SWAP	+0.0262%	8h	35.890	+0.195%	$3.0M	$20.0M	25x	as long as short
KuCoin SOXSUSDTM	+0.0295%	8h	35.790	−0.084%	$690K	$2.7M	10x	as long as short
edgeX SOXSUSDC	+0.0727%	4h	35.871	+0.143%	$39K	$177K	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.0809%	1h	35.769	−0.144%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.1999%	8h	35.808	−0.034%	$5.9M	$18.4M	20x	as long as short