SOXS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0143%/8h= +15.7% APRnext payment +$1.43 per $10,000 · paid last 24h +0.017%

Price spread now: MEXC against Phemex+0.226%50s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.050% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.226%, 7d avg +0.018%

Together, before fees−0.519%−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.208% dearer against Phemex than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.245%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	35.400	0	get 0.0000% / 8h	2h 05m	$1.2M	$1.9M	20x
Short	MEXC SOXS_USDT	35.480	0.0143	get 0.0143% / 8h	2h 05m	$10.4M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.226%Rate

Funding earned: $30.03
Price spread: +0.226% → +0.018%: $20.85
Slippage, 4 orders: −$93.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$54.15
Costs to cover: 1.050%
Break-even: 19.6 days

Slippage from Phemex: live order book, 3 min ago; MEXC: 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	2.83 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.41 bp	1.4 bp −$1	1.4 bp −$14	5.0 bp −$504	23.8 bp −$11.9K

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	−0.0139%	4h	35.327	−0.206%	$39K	$176K	10x	as long as short
Bybit SOXSUSDT	0.0000%	8h	35.480	+0.226%	$4.2M	$11.3M	50x	as long as short
Gate SOXS_USDT	0.0000%	8h	35.430	+0.085%	$2.2M	$11.7M	25x	as long as short
SunX SOXS-USDT	0.0000%	8h	35.370	−0.085%	—	$4.3M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	35.360	−0.113%	$11K	$24K	10x	as long as short
Phemex SOXSUSDTlong	0.0000%	8h	35.400	long leg	$1.2M	$1.9M	20x
Lighter SOXS	+0.0032%	1h	35.420	+0.056%	—	—	10x	as long as short
Variational Omni SOXS	+0.0116%	8h	35.379	−0.060%	$451K	$712K	—	as long as short
BloFin SOXS-USDT	+0.0141%	8h	35.370	−0.085%	$184K	$60K	25x	as long as short
MEXC SOXS_USDTshort	+0.0143%	8h	35.480	+0.226%	$10.4M	$13.8M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SOXSUSDT	+0.0146%	8h	35.473	+0.206%	$15.2M	$191.8M	25x	as long as short
OKX SOXS-USDT-SWAP	+0.0187%	8h	35.500	+0.282%	$2.9M	$20.4M	25x	as long as short
KuCoin SOXSUSDTM	+0.0256%	8h	35.430	+0.085%	$685K	$2.7M	10x	as long as short
Kraken Futures PF_SOXSUSD	+0.0819%	1h	35.323	−0.216%	$8K	$32K	20x	as long as short
Bitget SOXSUSDT	+0.1987%	8h	35.455	+0.155%	$5.9M	$19.1M	20x	as long as short