Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0852%/8h= +93.3% APRpaid last 24h −0.139%

Price spread now: edgeX against Phemex+0.314%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1151.154% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.314%, 7d avg +0.017%

Together, before fees−0.226%+ Points / potential airdropedgeX: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and edgeX is 0.297% dearer against Phemex than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	35.780	0	get 0.0000% / 8h	1h 28m	$1.2M	$1.9M	20x
Short	edgeX SOXSUSDC	35.892	0.0852	get 0.0426% / 4h	1h 28m	$39K	$176K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.314%Rate

Funding earned: $178.89
Price spread: +0.314% → +0.017%: $29.66
Slippage, 4 orders: −$94.39
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $93.17
Costs to cover: 1.154%
Break-even: 3.4 days

Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 13 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, 5 min ago	4.17 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 13 min ago	8.35 bp	14.2 bp −$14	38.1 bp −$381	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	−0.0028%	1h	35.678	−0.285%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.790	+0.028%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.780	0.000%	$2.3M	$12.0M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.740	−0.112%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.860	+0.224%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.780	long leg	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	35.734	−0.129%	—	—	10x	as long as short
Variational Omni SOXS	+0.0107%	8h	35.879	+0.276%	$464K	$711K	—	as long as short
OKX SOXS-USDT-SWAP	+0.0115%	8h	35.770	−0.028%	$2.9M	$20.9M	25x	as long as short
BloFin SOXS-USDT	+0.0127%	8h	35.740	−0.112%	$186K	$62K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0143%	8h	35.774	−0.016%	$15.3M	$195.0M	25x	as long as short
MEXC SOXS_USDT	+0.0144%	8h	35.770	−0.028%	$13.4M	$14.2M	50x	as long as short
KuCoin SOXSUSDTM	+0.0203%	8h	35.770	−0.028%	$696K	$2.8M	10x	as long as short
edgeX SOXSUSDCshort	+0.0852%	4h	35.892	+0.314%	$39K	$176K	10x
Bitget SOXSUSDT	+0.2381%	8h	35.745	−0.098%	$6.0M	$19.4M	20x	as long as short