Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex−0.056%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1271.265% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.056%, 7d avg +0.003%

Together, before fees−0.002%$0 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: Gate is 0.059% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	35.750	0	get 0.0000% / 8h	20m 15s	$1.2M	$1.9M	20x
Short	Gate SOXS_USDT	35.730	0	get 0.0000% / 8h	20m 15s	$2.1M	$12.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.003%: −$5.87
Slippage, 4 orders: −$99.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$132.41
Costs to cover: 1.265%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	5.59 bp	54.7 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.79 bp	12.8 bp −$13	26.3 bp −$263	84.3 bp −$8,429	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
edgeX SOXSUSDC	−0.0374%	4h	35.844	+0.262%	$39K	$174K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0119%	1h	35.675	−0.211%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.760	+0.028%	$4.2M	$11.5M	50x	as long as short
OKX SOXS-USDT-SWAP	0.0000%	8h	35.750	0.000%	$2.7M	$21.4M	25x	as long as short
Gate SOXS_USDTshort	0.0000%	8h	35.730	−0.056%	$2.1M	$12.3M	25x
Variational Omni SOXS	0.0000%	8h	35.759	+0.024%	$464K	$709K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	35.730	−0.056%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.910	+0.448%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.750	long leg	$1.2M	$1.9M	20x
Binance SOXSUSDT	+0.0027%	8h	35.752	+0.005%	$14.8M	$197.7M	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOXS	+0.0032%	1h	35.740	−0.028%	—	—	10x	as long as short
MEXC SOXS_USDT	+0.0032%	8h	35.750	0.000%	$12.6M	$14.5M	50x	as long as short
BloFin SOXS-USDT	+0.0047%	8h	35.790	+0.112%	$178K	$63K	25x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	35.740	−0.028%	$693K	$2.8M	10x	as long as short
Bitget SOXSUSDT	+0.1939%	8h	35.710	−0.112%	$6.1M	$19.8M	20x	as long as short