SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0195%/8h= +21.4% APRnext payment +$1.95 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Phemex+0.084%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1751.748% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.084%, 7d avg +0.017%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.067% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.227%, 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	35.700	0	get 0.0000% / 8h	1h 25m	$1.2M	$1.9M	20x
Short	KuCoin SOXSUSDTM	35.730	0.0195	get 0.0195% / 8h	1h 25m	$695K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: $40.95
Price spread: +0.084% → +0.017%: $6.72
Slippage, 4 orders: −$150.78
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$127.11
Costs to cover: 1.748%
Break-even: 28.7 days

Slippage from Phemex: live order book, 3 min ago; KuCoin: 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 Phemex live order book, 3 min ago	6.98 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	1.40 bp	53.5 bp −$54	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
edgeX SOXSUSDC	−0.0041%	4h	35.803	+0.288%	$39K	$175K	10x	as long as short
Kraken Futures PF_SOXSUSD	−0.0028%	1h	35.673	−0.076%	$8K	$32K	20x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.730	+0.084%	$4.2M	$11.4M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.730	+0.084%	$2.3M	$12.0M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.730	+0.084%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.870	+0.476%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.700	long leg	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	35.685	−0.042%	—	—	10x	as long as short
Variational Omni SOXS	+0.0099%	8h	35.709	+0.025%	$465K	$714K	—	as long as short
OKX SOXS-USDT-SWAP	+0.0109%	8h	35.730	+0.084%	$2.9M	$20.9M	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	+0.0142%	8h	35.720	+0.057%	$15.2M	$195.3M	25x	as long as short
MEXC SOXS_USDT	+0.0143%	8h	35.720	+0.056%	$12.6M	$14.3M	50x	as long as short
BloFin SOXS-USDT	+0.0166%	8h	35.820	+0.336%	$186K	$62K	25x	as long as short
KuCoin SOXSUSDTMshort	+0.0195%	8h	35.730	+0.084%	$695K	$2.8M	10x
Bitget SOXSUSDT	+0.2354%	8h	35.682	−0.050%	$6.0M	$19.4M	20x	as long as short